One-Year OSAP Grace Period for Entrepreneurs
No funding involved
In-Kind Support
Description:
Have you recently left full-time postsecondary studies and started a new business in Ontario? If yes, apply for the One-Year OSAP Grace Period for Entrepreneurs to get more time before you must start making payments on your OSAP loans.
You have six months after leaving full-time studies when you don’t have to make OSAP loan payments. This is known as your six-month grace period.
If your six-month grace period has not yet ended and you are the owner or joint owner of an eligible new business, you may be eligible for a six-month extension to your existing grace period. This means you would get an extra six months before you must start repaying your Ontario Student Loan and/or the Ontario portion of your Canada-Ontario Integrated Student Loan issued through OSAP.
Comments on Funding:
Continuous Intake
Eligibility:
Applicants must:
1. left full-time postsecondary studies within the last six months.
2. have full-time OSAP loans not currently in repayment status.
3. Be the sole owner or joint owner of an eligible new business operating in Ontario.
4. currently working in Ontario at least 30 hours per week for your eligible new business.
Application Steps:
Applicants must submit One-Year OSAP Grace Period for Entrepreneurs application to the following address:
National Student Loans Service Centre (NSLSC)
P.O. Box 4030
Mississauga, ON L5A 4M4
Documentation Needed:
Applicants must submit Application for One-Year OSAP Grace Period for Entrepreneurs on the OSAP website or request one from the National Student Loans Service Centre (NSLSC).
Other Things to Note:
About the author
Maurice
