How to Maintain Interest-Free OSAP Status

Maintaining your “interest-free status” means that you do not have to repay your OSAP loan while you are in school.

The Government of Canada and/or the Province of Ontario will continue to pay the interest on your loan. If you do not keep your loans in interest-free status, you will be required to start repaying your loan(s) within six months of the end of your last study period.

For more information please visit the OSAP Continuation of Interest Free Status (CIFS) website.

How do I maintain interest-free status?

You need to complete the online Continuation of Interest-Free Status form.

  1. Log on to using your OAN & password. Scroll down and click on the Continuation of Interest-free status link.
  2. Complete the required information and submit.
  3. The information will then be electronically forwarded to your lender and/or the National Student Loan Service Centre (NSLSC).

Who can maintain interest-free status?

Students with an OSAP loan who are enrolled in a program, or who are continuing full-time studies with a new OSAP loan, will automatically maintain interest free status.

In addition, these individuals can maintain interest-free status by completing the online Continuation of Interest-Free Status form:

  • Students who are beginning a co-op work term.
  • Students who have previous OSAP loans and who plan to continue their full-time studies without receiving OSAP.
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