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Financial Assistance

Did you know that student loans through OSAP are only one of several ways that Ontarian students can fund their post-secondary education?

As you will discover on this page, there are many other types of government and other funding available to students at Algoma University. The Financial Aid Office can help current or prospective students with finding and accessing funding sources that are available to them.


Nicole Muskaluk
Financial Aid & Awards Officer
705-949-2301, ext. 4219
Office: NW307K





The Financial Aid & Awards Office works with the Ministry of Colleges and Universities in administering OSAP for prospective or current Algoma University students. We also provide a computer station for students to use to apply for aid with the help of the Financial Aid & Awards Office.


Application Deadline Information

The 2020-21 OSAP application and all supporting documentation must be submitted by June 30th to defer deposits and fees for OSAP. Students that have applied for OSAP and qualify for at least $1 in aid by this deadline will receive an automatic deferral of fees owing as follows:


Fall Fees: Due September 30

Winter Fees: Due January 31

Spring Fees: Due June 30

See our Payments and Important Dates section of our website for full details on payment deadlines.


Students may still apply for OSAP funding after June 30th as long as their application and supporting documentation is received at least 40 days prior to their study term end. Students applying late (after June 30) will not be permitted to defer their deposits or fees for OSAP funding. Students applying after June 30th fall within the Degree Programs – Domestic Student fee category with all associated deposit requirements and deadlines. Please note that students applying for OSAP after June 30th may experience significant delays to their funding.


We encourage you to look through our website as well as OSAP’s website for your questions. If you have additional questions, please direct your inquiry to our office.

Please note that we do not accept forms via email, and can only answer general inquiries. This is to protect the privacy of our students and applicants. If you wish to request more specific information or an adjustment to your file, you will need to make this request in writing to the Financial Aid & Awards Office. Sign/date all correspondence, and ensure you include your student ID number if you have one.

Information and updated status of your OSAP is available 24/7 via the OSAP website. When visiting the Financial Aid & Awards Office, ensure you have valid government issued photo ID.

If you are from another province or territory and are attending Algoma University full-time, you must apply for financial assistance through your home province or territory. If you are attending part-time, you may submit a part-time application for aid. The process of applying for part-time Canada aid will vary by province or territory.

You may forward any forms that require completion by a school representative to the Financial Aid & Awards Office.

Students that qualify for part or full-time aid through another province or territory may request a deferral of their student fees. To request a deferral, submit to the Financial Aid & Awards Office a Fee Deferral Request.

If you are denied aid through your home province due to residency, please contact the Financial Aid & Awards Office to discuss any available appeals.

The Ontario Student Assistance Program is not available to students that are not Canadian Citizens, Permanent Residents of Canada, or a Protected Person of Canada as of the first day of their study period. You may wish to consult the government of your home country to see if there are options for available assistance to attend a university in Canada. Please review our website’s Awards section for a list of available scholarships for international students.

The tuition fees for residents of the United States are the same fees we charge for Canadian students! To compare costs and see your possible savings, please visit the student fees section of our website.

At this time, Algoma University is not an eligible school for receiving aid through the Free Application for Federal Student Aid (FAFSA). Students may wish to seek assistance through a private lender. Please note that students that are residents of the United States are also not eligible for our International awards due to the savings already provided on tuition fees.

1. Online Application

Complete and submit the appropriate online OSAP application. Be sure to specify Algoma University as your institution. We recommend that students select to print their documents on their own instead of having paper documents mailed. This will allow instant access for students to their required documents and also enable the Message Centre to display important messages online rather than through paper mail.

2. Submit Documentation

You will need to print your signature pages as required and scan them to PDF to upload them directly to your online OSAP application.

Supporting Documents: You may be asked to submit other important supporting documentation to the Financial Aid Office based on your status.  Please be sure to read the directions carefully for acceptable documentation. You can also scan these documents to separate PDF files and upload them directly to your online OSAP application.

3. MSFAA – Master Student Financial Assistance Agreement

The lifetime student loan agreement is called a Master Student Financial Assistance Agreement (MSFAA). This agreement is for full-time students only. If you are required to submit this agreement (that is, if you haven’t completed a lifetime agreement already), you’ll need to complete this agreement after your full-time OSAP application is completed. After submitting your OSAP application, you will need to wait 2-3 days before you will be able to complete your MSFAA. The MSFAA process must be completed online, and you will need either online banking credentials or a GCKey to complete it. Your MSFAA number can be retrieved from the Supporting Documentation area of your full-time OSAP application.

4. Deferring Tuition Fees and Deadlines
  • Fall or Fall and Winter term: June 30
  • Winter only: November 30
  • Spring Term: March 31

The above deadlines are when students must have their OSAP application and all supporting documentation submitted for the corresponding study period.  The non-refundable deposit payments are not required at time of registration and fees are automatically deferred if students apply by the appropriate deadlines. However, it is the student’s responsibility to ensure that fees are fully paid (regardless of funding amount) by the associated term deadlines for fee payment (see the Tuition Fee Payments for OSAP Students Policy [PDF]).

5. Check your OSAP Application Status

Once you have submitted your OSAP application, you should regularly log into your online account with OSAP to check its status. You should also check the Message Centre for any important updates about your OSAP application.

6. Confirmation of Enrolment

After the FAO has received all necessary documentation and you are enrolled in the required course load for each term you applied for OSAP funding for, the Financial Aid Office will proceed with confirming your enrolment. The confirmation of enrolment will generate for processing 10 days before the study period start date at the earliest. The government requires Algoma U’s FAO to confirm your enrolment status, program, and course load. If there are no issues, it usually takes an average of 10 business days for funds to be released after the confirmation of enrolment has been completed. If any of the criteria do not match, then the FAO at Algoma U will update the student’s OSAP application to reflect the actual program, study level and course load information (this may cause a reassessment of OSAP entitlement based on new information).

Students whose registration was confirmed by Algoma U’s FAO should be able to view the data sent to the government by logging into their online account with OSAP.

7. Receive your OSAP Funds

After you have completed your online OSAP application, it will be reviewed and a “Notice of Assessment” will be sent to you with the amount of your actual OSAP entitlement.  It is advisable that students use this information in order to begin planning their budget for the academic year.

Please note: there are maximums for weekly aid set by the Ministry.

Release of OSAP Funds

In the fall/winter study period, OSAP funding will be released in two separate installments: one in September (60% of loans) and one in January (40% of loans).  If students have applied only for one term of funding, that funding will be released in one installment at the start of the term.

Redirection of Funds

When students apply for OSAP, the funding the student is eligible to receive is first applied to fees owing to the university. If funds remain, those funds will be deposited to the student’s bank account within 7-10 business days of their enrollment being confirmed. The university collects fees for the Fall semester and the deposit for tuition (if deferred) from the total Fall OSAP. Winter fees are collected from the Winter OSAP disbursement.  The total amount and the date that the direct payments will be made to Algoma U are available on the student’s online account with OSAP; any remaining balance of aid will be forwarded directly to the student. Click to read the Tuition Fee Payments for OSAP Students Policy (PDF).

8. Making Changes to OSAP Application

After an online OSAP application is submitted, a student can no longer edit it. Any changes must be reported to the Financial Aid Office.  These can include changes to income, family size, marital status, access to transportation, living arrangements, etc.

Information given at the time of the OSAP application will be used to determine the student’s eligibility and funding entitlement. Any changes to this information must be reported so that updates can be made. These changes can potentially increase or decrease the funding entitlement, or they can have no effect at all.

Students should visit the “Find a Form” section of the OSAP website to locate the necessary forms for updates.

9. Repay your Loan or Continue Interest-Free Status

Upon finishing their studies, students must arrange to make payments on OSAP loans. More information on this can be found at the Government of Ontario website. There is a Repayment Calculator available as well.

Grace Period

Students who receive OSAP loans are not required to make repayments for the first 6 months after leaving their post-secondary studies. This is known as the grace period, and when it ends the OSAP loans become repayable.

Continuation of Interest-Free Status (CIFS)

Students who have previous loans can keep them interest-free while continuing full-time studies if they choose not to apply for OSAP for their current term. Students can submit a CIFS application for consideration by logging into the OSAP website and selecting the Continuation of Interest Free Status Application.


Dates and Deadlines

Students can submit a CIFS application up to 15 days before their study period start date. The deadline to submit a CIFS application is 21 days before the end of the study period.

Students with specific needs may be eligible for additional financial assistance to help with the costs of postsecondary studies.


Indigenous Students

There are programs available to students that have identified as being an Aboriginal person, that is, First Nations, Metis or Inuk (Inuit). Self-identification is available through our Student Portal.


Post-secondary Student Support Program

Federal government funding may be available for First Nations and eligible Inuit students enrolled at Algoma University in an eligible program. Please contact your local band office or Inuit designated organization for full details. If sponsored, please provide the Student Success Central office with a copy of your sponsor letter prior to registering.


Indigenous Student Bursary

This program is funded through the government of Ontario and is available to students studying on a part or full time basis at Algoma University. Applications are posted in October each year through the Student Portal. Visit our Awards page for more details. (link here https://www.algomau.ca/students/awards-scholarships/application-awards/financial-aid-bursaries/).


Ontario Indigenous Travel Grant

This grant can assist with the cost of travelling between your remote First Nations community and Algoma University. To learn more and to apply, visit OSAP’s website (link here: https://www.ontario.ca/page/students-special-circumstances#section-0)


Metis Student Bursary Program

Funding is available from the Metis Nation of Ontario for Metis students enrolled at Algoma University. To apply for this bursary or for more information, please contact awards@algomau.ca.


Indigenous Bursaries Search Tool

Visit the Government Of Canada (link here: https://www.sac-isc.gc.ca/eng/1351185180120/1351685455328) website to use a search tool to find other available bursaries, scholarships and incentives for Indigenous students.


Students with Disabilities

Students with a documented Permanent Disability could be eligible for government aid at a reduced course load (40%). To be eligible for this, students must self-identify as having a permanent disability when applying for aid, and provide the required supporting documentation.



Students with documented permanent or temporary disabilities may also be eligible for additional aid to help cover the cost of disability-related educational services and equipment. There is one application for students to be considered through both the Bursary for Students with Disabilities (BSWD) and Canada Student Grant for Services and Equipment for Persons with Permanent Disabilities (CSG-PDSE) programs. For an application, please visit ontario.ca/OSAP, or contact the Financial Aid & Awards Office or the Accessibility Office 

For more information on the university’s services, please view our Learning Centre section.

Crown Ward Support at Algoma U

Are you a Crown ward and interested in studying at Algoma University? This is what you need to know:

Crown Ward Education Championship Team (CWECT)

The CWECT is a provincial initiative developed to support students with Crown wards status in successful high school completion and post-secondary education.

Algoma CWECT has representatives from Children’s Aid Society of Algoma, Algoma University, Algoma District School Board, Huron-Superior Catholic District School Board, and Nog Da Win Da Min Family and Children Services.

The Living and Learning Grant

The Living and Learning Grant provides financial aid (up to $500 per month of your full-time study period) to post secondary students between the ages of 18 to 24 who left the care of an Ontario children’s aid society at age 18 or were an Ontario Crown ward adopted on or after August 1, 2013.

The grant provides additional funds above the regular full-time OSAP aid limits. Students are automatically considered when applying for full-time study with OSAP and must submit any supporting documents as indicated on the OSAP application. Contact fao@algomau.ca for specific details.

Refund Application Fees

If you have Crown Ward status, you can apply for a refund for the fees you pay to apply at Algoma University. For more information and to apply, visit www.ontario.ca.

New to government student loans or perhaps just don’t understand it? The National Student Loans Service Centre has created a webinar to help students and parents learn more about government student loans and grants. 

Click here to access this webinar: https://players.brightcove.net/2456793370001/Hkv5PUW4G_default/index.html?videoId=5859470801001