Post Tagged with: "financial assistance"

Starting next September, students will not be charged deferral fee, late-payment fees or interest rates. (Arti Panday/Ryersonian staff)

End of OSAP late fees comes too late for some

The Ontario government took a step toward easing student debt in a decision last month to scrap late-payment fees and accumulated interest for college and university students. Beginning in the 2014-2015 school year, students no longer have to pay a deferral fee, late-payment fees or interest rates while they wait for their loans. But the decision comes too late for […]

by Leena Latafat· · News, On Campus
Tyler MacKinnon expects his OSAP loans will be delayed each year. (Hayley Brauer / Ryersonian Staff)

OSAP washes hands of late fee fiasco

The Ministry of Training, Colleges and Universities will introduce policies to align tuition payment deadlines with the Ontario Student Assistance Program’s disbursement date in 2014-15 to eliminate late fees. “This (policy) would give more time for students to pay, and better align the deadlines for tuition payment with the OSAP funding release dates,” said Gyula Kovacs, OSAP’s senior media relations […]

by Hayley Brauer· · News, Off Campus, On Campus, Top stories