Woodsworth College

Financial Aid

For most full-time, undergraduate students at Woodsworth College, the first avenue of financial assistance is through the federal and provincial (ie OSAP) loan program.  Eligible students must maintain a course load of at least 60% in each term to qualify for federal/provincial funding.

Woodsworth College Bursaries and Grants

The College has an extensive bursary and grant program.  Students are encouraged to apply when applications become available October 1 for the Fall/Winter Session and the first day of classes in the summer session.  Most students applying for a bursary will have already applied for other funding. However, students are encouraged to meet with the College’s financial advisor to discuss their individual circumstances.

UTAPS

Students who receive provincial loans may be eligible for a UTAPS grant. University of Toronto Advance Planning for Students (UTAPS) is a financial aid program for students who are assessed by OSAP as requiring maximum assistance, and whose assessed need is not fully covered by government aid. U of T will ensure that this need is met. Students who receive loans from provinces other than Ontario are required to submit an UTAPS application.

Bursaries and Grants for Part-time Students

There are also a variety of bursaries and grants available to students studying part-time. Students can apply for the Ontario Special Bursary Program, a grant to low-income Ontarians enrolled in a degree program. OSBP applications are available on the OSAP website or through the University of Toronto’s Office of Admissions and Awards.  Part-time students can also apply for the Noah Meltz Grant, a grant offered though the University of Toronto to assist part-time degree students with their educational costs.  The application for the Noah Meltz grant can be found on the Admissions and Awards website.

OSAP Repayment

If you have been financing your education with Canada or Ontario student loans (OSAP) you should consider a repayment plan. Your first payment is due in the seventh month after you cease to be a full-time student. This is your “Consolidation Date”. While you are a full-time student (i.e., 60% course load or greater), the Federal and Provincial governments pay the interest on your student loans. You are responsible for arranging repayment with your lender(s) before your six-month period expires by signing a Consolidation Agreement/Loan Repayment form. This will specify your monthly payments, the term and the interest rate. For detailed information go to this site.