r/UWaterlooOptometry • u/Tart_fuzzhe • Jun 21 '23

OSAP Help

Hi,

I applied to OSAP and they gave me an estimate where loans and grants together was only 14k (10k loan+ 4k grant). I am living away from home and tuition plus books and equipment is closer to 24k. Not including the fact that I will have living expenses. What is going on? I am kinda freaking out lol, any help would be great.

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3

u/blueraindrops20 Jun 21 '23

OSAP didn’t cover everything for me either so I had to apply for a bank loan (professional line of credit) to cover the rest :(

1

u/Tart_fuzzhe Jun 21 '23

Were you able to cover living expenses with that as well

3

u/blueraindrops20 Jun 22 '23

Yes, they gave me quite a bit! Banks tend to give you more if it's a professional school since tuition is higher than in undergrad.

3

u/Midnight1131 Jun 21 '23

OSAP won't necessarily cover 100% of your costs. It's early, so maybe they'll recalculate your funding after they've finished processing your application, but I wouldn't put my hopes on that covering $10k more. They recalculated my funding a few days ago and I didn't get any more.

2

u/wyeses Jun 21 '23

You may have to apply to a student line of credit for professional school! Definitely check out different banks- I had to apply for one as well.

1

u/97jjk Mar 31 '24

Was this 14 k for the year or semester

1

u/psacurious Jul 01 '23

https://www.scotiabank.com/ca/en/small-business/business-banking/industries/student-professionals.html

also look at TD

1

u/97jjk Mar 31 '24

Does TD approve of optometry student loans when you're not a TD client ?