How long does osap take to direct deposit

If at first the deposit is not what you were expecting, check your account over the next few days for the remainder to be deposited. Once your enrolment is confirmed, the Ministry will automatically send part or all of your funding instalment to York to be applied directly to the outstanding balance of your student account.

As of the academic year, this remittance by the Ministry is no longer optional. The amount and date of the direct payment s made to York will be visible on the government OSAP website. Any remaining balance will be sent to you by cheque or by direct deposit. Confirmation of Enrolment required: money is ready to be released but we must wait for you to start classes so that your school can confirm that you are in full-time studies. Once that is done, money will be released.

Click on the link for details because the Confirmation of Enrolment process varies by school. On hold: there are several reasons that your funding could be on hold. The change form must be signed, dated, and uploaded directly to your online OSAP application. With the increase in federal grant funding, some students may be funded in excess of their non-educational costs.

Since the value of Canada Student Grants, including the Skills Boost Top-Up Grant, are flat amounts that can exceed the assessed need, some ODSP recipients may receive grants in excess of their direct educational costs. The Ministry cannot make further adjustments to your OSAP assistance when this occurs; however, if you are also receiving loan, you may want to accept grant only, if you have not already done so, to minimize the impact of your Full-Time OSAP assistance on your ODSP income support.

There are a number of reasons why a student may not have received their funding yet. If you have not received your funding, it is likely that one of the situations below applies to you:. Log in to your OSAP account opens new window to see updates on your file. You will find out if there are any errors or if the Ministry requires any additional information from you before they can process your loan. Your status will be updated throughout the assessment process.

If you have not received your funds after 10 business days of Financial Assistance's confirming your enrolment, call the National Student Loans Student Centre at No, you will be required to make your deposit on or before the deposit due date even if you are expecting to receive OSAP funding. OSAP does not pay the initial tuition deposit for you. You are responsible for paying your tuition fees. After your OSAP is disbursed, it is your responsibility to check your account status on MyMohawk to confirm your fees have been paid in full.

Sign on to the MyMohawk portal , then select:. Confirmation of your assessment will be provided by the Ministry. Login to the OSAP website opens new window to check the status of your application periodically. Be sure to email your Financial Assistance Advisor if you have any changes to your situation i. Be sure to contact Financial Assistance for options. Another resource to consider is the Mo'Money Resource Centre.

In addition, students may request that their OSAP assessment eligibility be reviewed if they have a special situation that is not recognized in the standard OSAP or bursary assessment of financial need. The following appeal outlines and forms will assist you in determining if your situation falls within an allowable review.

If you have determined that your situation falls within one or more of the allowable reviews below, print off the cover page, attach all letters and supporting documentation and upload your package online through www.

View Appeal Outlines and Forms. Budget advising is available through the Mo'Money Resource Centre. Pursuant to Ministry regulations, any tuition or fee refund will be returned to the National Student Loans Service Centre.

You can update your bank information by completing the Bank Account Change Request Form opens new window and faxing the completed form to Visit CanLearn for more information.

If you have no outstanding balances or holds you will r eceive a refund, your funding will be issued to you via e-transfer to your Mohawk College e-mail account only. Instructions will be provided to you at the time of award notification. The Financial Assistance Profile for the Winter semester will be available from December 1, to January 18, Before the beginning of every semester that you attend Mohawk College, you should submit an online Financial Assistance Profile application to be considered for financial assistance.

The Financial Assistance Profile is available weeks prior to the beginning of every semester. If you received an Award such as a scholarship or bursary and you withdraw from your program or move to part-time studies, that amount will be rescinded from your student account.

Please check your financial account statement in MyMohawk in the event that the rescinding of the Award has created a balance owing on your account. Email awards [at] mohawkcollege. There are a number of different types of available awards that you can apply for as a Mohawk College student. You can apply for all scholarships and bursaries with one application by submitting a Financial Assistance Profile every semester. Use the Search for awards link to explore all available awards and the types of award criteria.

Some awards, like Academic or Faculty Selected Awards, are not open for application. These awards are determined by the Faculty based on academic merit and alternate criteria. Students are also encouraged to explore external awards offered by outside organizations through our External Awards Page. A bursary is a type of financial award. When you are awarded a bursary you receive a certain amount of money to help pay for your education.

You do not have to re-pay a bursary unless you withdraw.