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How do I apply for OSAP?
– moneysense.ca
With college and university tuition fees rising faster than inflation in recent years, it’s wise to research student loans, like OSAP. Many students and parents struggle to pay these costs upfront. Tuition for undergraduate programs vary, but the average tuition was $6,580 for the 2020/2021 academic year, according to Statistics Canada. Add on school materials and commuting costs (don’t forget laundry, food and so on), AND you could be looking at spending upwards of $30,000 for a four-year program, possibly doubling or nearly tripling that number if you move move into residence or off-campus housing.
Here’s what students and parents need to know about applying for OSAP, how much financial aid you might get, and how to make sure you are eligible for the student loan.
What is OSAP and am I eligible for it?
While the Government of Canada does offer financial aid for students in need, OSAP works in conjunction with the federal loans and grants programs…
Canada’s 10 best Mastercard credit cards for 2021
– moneysense.ca
The best Mastercard credit cards in Canada
Card
Rewards / Features
Annual fee
Tangerine Money-Back
(get more details)*
2% cash back in up to 3 spending categories
0.5% on everything else
$0
Rogers World Elite
(get more details)
3% cash back on USD purchases (0.5% after FX fees)
1.5% on everything else
$0
BRIM Financial Mastercard
(get more details)*
1 pt/$1 on everyday purchases
No FX fees
Get bonus points at eligible retailers
1 pt = 1% in cash back
$0
PC Financial World Elite
(get more details)*
45 pts/$1 at Shoppers Drug Mart
30 pts/$1 at Loblaws banner stores
10 pts/$1 on everything else
10 pts = 1% in savings
$0
MBNA Rewards Platinum Plus
(get more details)*
2 pts/$1 on groceries, gas and dining†
1 pt/$1 on everything else
1 pt = 1% in travel rewards
$0
BMO World Elite
(get more details)*
3 pts/$1 on travel, dining and entertainment
2 pts/$1 on everything else
Airport lounge access
1 point = 0…
Canada’s best credit cards 2021
– moneysense.ca
Get matched with the best credit cards for you in under 2 minutes with Ratehub.ca
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*Cards will be exclusively from Ratehub.ca partners. You can find MoneySense’s top editorial picks below…