What is an OSAP reassessment? Why was my loan reassessed?
An OSAP reassessment is simply a re-evaluation of your file. A reassessment can be made at any time. Be aware that even if you have received all or a portion of your funding, the amount that you are eligible to receive may change. Some reasons for reassessments on your OSAP file may be because of financial, academic, family and/or study period changes. For example: • Income changes reported on your “Confirmation of Enrolment”, where you confirmed your income for this academic year (form was attached to your first OSAP disbursement). • Income changes and/or adjustments that your reported to our office for this academic year. • Course load changes during the fall term and/or the winter term (60% minimum course load per term is required for OSAP eligibility purposes) • Income reported on your OSAP application (either your income and/or parent’s income and/or spouse’s income, as applicable to your status) and the amount reported to Revenue Canada were different. A reassessment could affect
An OSAP reassessment is simply a re-evaluation of your file. A reassessment can be made at any time. Be aware that even if you have received all or a portion of your funding, the amount that you are eligible to receive may change. Some reasons for reassessments on your OSAP file may be because of financial, academic, family and/or study period changes. For example: • Income changes reported on your “Confirmation of Enrolment”, where you confirmed your income for this academic year (form was attached to your first OSAP disbursement). • Income changes and/or adjustments that your reported to our office for this academic year. • Course load changes during the fall term and/or the winter term (60% minimum course load per term is required for OSAP eligibility purposes) • Income reported on your OSAP application (either your income and/or parent’s income and/or spouse’s income, as applicable to your status) and the amount reported to Revenue Canada were different. A reassessment could affect
