Is OSAP considered assitance?

[ahlulbayt786]

The gov't is currently paying my interest as I am under the repayment assistance plan. I still have to pay the principle of the loans, but they are taking care of the interest. Will this affect my sponsorship? I talked to a cic agent and they had no knowledge about anything.

 

[tink23]

OSAP is not social assistance.
As for the government paying the interest, will you pay them back the interest on a later date when you're able to make bigger payments to reduce the loan?

 

[ahlulbayt786]

OSAP is not social assistance.
As for the government paying the interest, will you pay them back the interest on a later date when you're able to make bigger payments to reduce the loan?

https: //osap.gov.on.ca/OSAPPortal/en/A-ZListofAid/PRD003208.html

No I do not have to pay the growing interest. That is the point of the repayment plan. It's valid for every 6 months. You keep applying and get approved if your not making enough income to pay back the principal loan and the added interest.

But the key is I do not receive any money from the government. They are just helping with the student debt reduction while I am working to pay back the debt.

Both the Province of Ontario and the Government of Canada offer repayment assistance that helps borrowers who are having difficulty repaying their loans.

 

[taffy7]

You're still go to go .... Its not the assistance they are looking for . Its social assistant E.G. Welfare