OSAP money in bank account question (student loan for University in Ontario)?
Jessica B Asked: OSAP money in bank account question (student loan for University in Ontario)?
So for my tuition, I paid the 2nd installment in full amount first and I got approximately $3000 from OSAP deposited into my account afterwards (I think it was January). Basically I paid my tuition with my own money before I got the actual loan to avoid a months interest to my university. Now I am applying for my 2nd year's OSAP and it says to put the amount of assets you have including bank account totals. I have approximately $5000 ($3000 from previous OSAP and $2000 of my own savings).
So my question is, do I put $2000 or $5000 in assets (obviously I'll get more from OSAP if I put $2000) because it said to NOT include any OSAP funding in the total assets section YET I have to include all bank account totals. (I'm not trying to get more money to randomly spend, I will be living away from home so next year I will need that money in my account for rent, groceries, gas etc). I don't want OSAP to think I'm lying and not give me any loan at all.
Answers:
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