#22-5 | Reminder: OSAP Continuation of Interest-Free Status Deadline End-of-February
A reminder that the deadline for completion of Continuation of Interest-Free Status (CIFS) is coming up at the end of February for many students.
For students who are have outstanding OSAP loans but have not taken out new funding, interest-free status must be confirmed every year in order to avoid accruing interest charges. If a student is not confirmed within 6 months of their previously-confirmed end date, they will be charged interest on their loans.
For students who previously submitted forms with an end date of August 2016, the deadline to renew their interest-free status is at the end of February. The forms need to be received by the Financial Aid Office within Enrolment Services and entered into the system by the end of the day on February 28th – in order to ensure time to process all forms, do not delay!
Please see detailed instructions under “Maintain interest-free status with OSAP” on the 2016-2017 OSAP: Apply, UTAPS, Payment of Tuition Fees, Interest-Free Status, Repayment Info Sessions Announcement.