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OSAP Repayment

Six months after completing your full-time post-secondary studies, whether you graduate, transfer to part-time studies, withdraw or take time off, you are required to begin repayment of your student loans. For more detailed and up-to-date information on OSAP please visit the NSLSC website.

Grace Period (Non-Repayment Period)
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The Grace Period is the first six months after your Study Period End Date. During this period, you are not required to make payments. However, interest may begin to accrue on the principal amount of your outstanding loan balance.

At the end of the six-month grace period, you will be required to start making regular loan payments. The National Student Loan Service Centre will notify you before your loan enters repayment. It is important to keep your contact information up-to-date.

Your loan payments will start to be automatically withdrawn after the six-month non-repayment period from the same financial institution account where your loans were deposited (if you had arranged for direct deposit).

OSAP Repayment
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The National Student Loan Service Centre (NSLSC) offers a Repayment Webinar to provide you with more information and prepare you for this event.

For further information about OSAP repayment visit the OSAP website.

Virtual Repayment Counsellor
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Students that are entering repayment will have access to a virtual repayment counsellor on their National Student Loan Service Centre account. The Virtual Repayment Counsellor will guide students toward the best repayment path and prevent student from missing payments on their loan.
Repayment Assistance Program
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The Repayment Assistance Program (RAP) is available to students who are having difficulty or are unable to make their payments. If you qualify for the RAP you are eligible for a reduced monthly payment or no payment at all.

Enrollment in the RAP is not automatic, and you can apply directly through the National Student Loan Service Centre. For more information, visit the NSLSC website.