|
**** you osap (pg. 2)
|
View this Thread in Original format
| Euphorica |
| ... Im glad my rents are paying for my school :eyespop: |
|
|
| Cyrus King |
| Osap is the devil.. i shouldnt have gotten it. Just work part time and pay your tuition .. please take this advice. |
|
|
| Goashem |
haha talk about needy!!! im a somewhat recent immigrant with 1 working parent. theres two of dependand children, dont have a job (in the process of getting some minimum wage crap) and im not living at home when im studying! on the other hand i know some people who are loaded and getting their tuition fully paid by osap!
wheres jayx and shadowolf to send a complain letter to the government? :D |
|
|
| Tordan |
| quote: | Originally posted by Cyrus King
Osap is the devil.. i shouldnt have gotten it. Just work part time and pay your tuition .. please take this advice. |
Take his advice. I too regret getting OSAP. You think paying it back ain't that bad once you finish school and get a job. Well, it's no walk in the park. I can tell you that much. |
|
|
| Skipper |
You are not alone - OSAP is really tight with a lot of applicants.
Despite having $16,000 undergraduate tuition, they only gave me $3K. I had to take out a line of credit. The line of credit is actually a way better deal - interest is prime+1 (OSAP is prime+2.5) and OSAP gives you 11 years to pay back, meaning you fork over a ton of interest, where an LOC will likely structure it such that you pay it back sooner.
People apply for OSAP because you dont need a cosigner - but it's actually a rip off, IMO. the only nice thing is the interest you pay is tax deductible. |
|
|
| Skipper |
| quote: | Originally posted by Tordan
Take his advice. I too regret getting OSAP. You think paying it back ain't that bad once you finish school and get a job. Well, it's no walk in the park. I can tell you that much. |
No, it's no walk in the park, but working part time and going to school part time isn't easy either.
I'm much happier paying off a LOT of debt and starting my career sooner in my career than trying to do both for 5 or 6 or more years. |
|
|
| Irishaddict |
And if worse comes to worse, you can appeal.
Financial advisors at schools are pretty sneaky. I thought I was gonna have to do OSAP for a portion of first year and they got me an entrance scholarship instead. Explain your situation to them. The advisors are there to help for a reason. |
|
|
| tha_broad |
OSAP gave me way too much money. For one year at GBC I got about 9k
Before that, I had gotten HALF that amount for each year I was at Centennial...
Thank god for interest relief though.... |
|
|
| Goashem |
| thanks for the advice guy! i really hope that from now own i will never have to take osap. ill be sure to work my ass off during summertime and use the money earned to pay school off. |
|
|
| Refinnej |
| "Work hard! People on welfare are depending on you" |
|
|
| maxtuh |
| quote: | Originally posted by Refinnej
"Work hard! People on welfare are depending on you" |
LOL
trust me, goto school finish it, if you can manage a part time job do it whatever income you have coming in put it to tution if ur living with parents.
for me its kinda hard, 1 working parent(mom) and me thats it. so i either work or go back to school:whip: |
|
|
| Tordan |
| quote: | Originally posted by tha_broad
Thank god for interest relief though.... |
You sure about that? You don't have to pay right now but the interest is compounded. Not sure if that's the case though. |
|
|
|
|
