1. Funding Your Post Secondary Education
Financial Aid and OSAP

2. Agenda What is Financial Aid?
How much does Post Secondary education cost?
How can I afford that?
Scholarships
Bursaries
OSAP
Other sources and resources
Questions?
Funding Your Post Secondary Education

3. What is Financial Aid? Financial Aid is a resource to help you fund your education.
Scholarships
Bursaries
Ontario Student Assistance Program (OSAP)
Band Funding/Sponsored Students
Work Study Programs
Funding Your Post Secondary Education

4. How much does post secondary education cost?
Expense
University Costs
College Costs
Tuition
$6,800
$3,000
Fees
$1,400
$1,200
Books & Supplies
$1,600
Living (housing, food, clothes, transportation, etc.)
At home
$2,500
Away from home
$12,000
Total
$12,300 – $21,800
$8,100 – $17,600
*Costs are based on the general, full-time program in school year
Funding Your Post Secondary Education

5. How can I afford that? Try to fund as much of your education as possible with money that you DO NOT need to pay back.
WHEN
WHAT
Nov. – Jun.
OSAP profile and application
Jan. – Apr.
Prestigious Scholarship Application
Mar. - Aug.
Scholarship offers sent
Jun.
Entrance Bursary Applications
Jul. / Aug.
External awards, summer job, save money!
Sep. / Jan.
In-course Bursary Applications
There are a number of resources available to students to help make post secondary education affordable.
Funding Your Post Secondary Education

6. Scholarships Based on your grades
Generally no application required at the entrance level
Most entrance scholarships require minimum 80% admission average
Some are renewable – many are not
Some high value scholarships & awards require an application
Read offer letters carefully, and check out Financial Aid websites for fine print
Funding Your Post Secondary Education

7. Trent’s National Renewable Entrance Scholarships
No application required
Based on Admissions Average
top six 4U/4M level courses
Renewable for up to 4 years of undergraduate studies
Achieve 80% average in 5.0 Trent credits to renew
NEW 2019 – Durham Scholars Circle
Trent Durham GTA Campus Only
Admission average 90%+
Receive $1,500 – one time
Admission Average
Annual Scholarship Value
Total Scholarship Value
80-84%
$1,000
$4,000
85-89%
$1,500
$6,000
90-94%
$2,500
$10,000
95% +
$3,000
$12,000
Funding Your Post Secondary Education

8. Trent’s Prestigious Scholarships
Renewable scholarships that require an application
Awarded based on merit, extra curricular and volunteer experience
Application opens January via myTrent portal
Closes – April 1, 2019
Scholarship
Value
Champlain Scholarship
$5,000
Board of Governor’s Leadership Scholarship
$4,500
Special Admission Scholarship
$3,750
Canada Wide Science Fair Scholarship
Funding Your Post Secondary Education

9. Bursaries Based on financial need
Usually required to be in receipt of OSAP funding
Often require an application
Every school is different – check in with your Financial Aid Office for details and deadline
Funding Your Post Secondary Education

10. Trent’s Bursary Program
Entrance Bursaries
General entrance Bursary
Athletic entrance bursary
Values range from $500 - $1,000
City of Peterborough Award
$2,000 awarded to top two students with financial need from each Peterborough high school – apply by June 30, 2019
In-Course Bursaries
One online application per semester
We use OSAP information to determine unmet need
Bursary amounts range from $100 - $1,500 per term
Bursaries can help to pay your school fees
First Generation Bursary
Indigenous Student Bursary
Funding Your Post Secondary Education

11. Other Sources and Resources
RESP and personal savings
Gifts & contributions from parents/relatives
Private Loans or Student Line of Credit
If OSAP isn’t an option
Low interest rates and payments
Summer Job
Visit your school’s Career Centre website
External Award Resources
- High school guidance office - -
Funding Your Post Secondary Education

12. Funding Your Post Secondary Education

13. What is OSAP? https://ontario.ca/osap
Government student assistance program for Ontario residents
Amount of funding based on a number of variables: family income, family size, assets, etc.
Combination of Federal and Provincial Loans and Grants
Loans are interest free while registered full-time in a post-secondary institution
Grants do not have to be paid back
Funding Your Post Secondary Education

14. New User Registration – OCAS/OUAC Link
Funding Your Post Secondary Education

15. The OSAP Application Institution information Program information
Required Information:
Institution information
Program information
Personal information
Your financial & asset information
Parental information
Funding Your Post Secondary Education

16. No Link User Registration
Take your time
Funding Your Post Secondary Education

17. OSAP Password Tips
Warning! Too many incorrect password attempts will lock you out
Write down your OAN, password and answers to security questions
Keep in safe place
A Financial Aid office at any College or University can help
Take your SIN card and government issued photo ID
Funding Your Post Secondary Education

18. Completing Your OSAP Profile
Funding Your Post Secondary Education

19. How do you want OSAP to contact you?
- Tell them to get things by , it’s fastest
Funding Your Post Secondary Education

20. Who do you want to have access to your OSAP information?
Funding Your Post Secondary Education

21. Start a New Application
Funding Your Post Secondary Education

22. Completing the Application
Take your time
Read questions carefully
If you don’t know an answer save and come back later
Funding Your Post Secondary Education

23. Starting an application
Funding Your Post Secondary Education

24. School Information
Funding Your Post Secondary Education

25. Program Information Do a general search
Funding Your Post Secondary Education

26. About You
Funding Your Post Secondary Education

27. Family Information
Funding Your Post Secondary Education

28. OSAP - Last Steps Review before submitting your application
Print, complete, and submit required documents
Upload Consent/Signature pages online or bring to Financial Aid Office
Complete MFSAA online – you will have a link to register with National Student Loans
Funding Your Post Secondary Education

29. Your OSAP Estimated Funding
Funds are released:
Automatically to school to pay fees first
You are responsible for ensuring school fees are paid in full
60% released in Fall and 40% for Winter
Funding Your Post Secondary Education

30. Frequently Asked Questions
Will OSAP cover all of my expenses?
What if my parents are divorced?
Do I need to submit my taxes?
I have an RESP, does this mean I won’t get OSAP?
What if my parents make too much money?
What if my information changes during the year?
I am worried that I’m not getting enough OSAP…
Funding Your Post Secondary Education

31. External Opportunities
How to Prepare
Transit
Student Aid
Book Costs
Work
Expenses
External Opportunities
Scholarships
Start Saving
Budget
Funding Your Post Secondary Education

32. Thank you for attending!
Trent’s Financial Aid Office Phone: ext Web: