Financial Aid


OSAP Financial Aid

The Ontario Student Assistance Program (OSAP) offers financial aid in the form of loans and grants to help you cover the cost of your education. They determine the amount you qualify for based on your financial need.

On the OSAP website, you can find details about eligibility requirements, application deadlines, and the application process itself. They also provide information on other financial aid options to help you pay for college or university.

If you have any questions, please feel free to contact our Financial Aid Office. 

What is OSAP?

Ease the financial burden of college with OSAP, a government program offering grants and loans to Ontario students.

OSAP offers funding through:

  • grants
    • money you don’t have to pay back
  • student loans
    • money you need to repay once you’re done school with interest

OSAP can help you pay for:

  • tuition and ancillary fees
  • books, supplies and equipment
  • living expenses (full-time students only)
  • child care (full- and part-time students with children)

How much OSAP funding can I get?

There are two main factors that affect your OSAP award:

  • Your financial need: This is calculated by adding up your education and living costs, then subtracting the amount you and (potentially) your family are expected to contribute. Your marital status and dependents are considered here.
  • Maximum aid amounts: OSAP has set limits on how much total aid you can receive per study period.

Get an estimate of your OSAP award:

The Ontario Student Assistance Program (OSAP) offers a handy online tool to help you estimate your financial aid. Maximum amounts of aid are listed on the OSAP website.

Who is eligible for OSAP?

To be eligible for OSAP, you must:

  • be a Canadian citizen, permanent resident of Canada, or a protected person
  • be applying for an approved postsecondary program at Beta College
  • be enrolled in an eligible course load

When do I apply for OSAP?

The 2024-25 OSAP application is now open!

OSAP applications open in the spring (April/May) of each academic year. It’s recommended you complete your online application and submit all the necessary documents a minimum eight to ten weeks prior to your program start date.

How do I apply for OSAP?

Applications are available online at Information regarding income thresholds, funding maximums, and application deadlines can also be found online.

Frequently asked questions (FAQs)

Please get in touch with the Financial Aid Office at Beta College of Business and Technology at or or call us at +1.905.497.9999 (10:00 AM until 5:00 PM)

We strongly recommend uploading your signature pages and supporting documentation directly to the OSAP website. If you encounter any issues with the online submission, you can submit your documents to the Financial Aid Office at  Alternatively, you can visit us for assistance at the Brampton Campus at 1 Nelson Street West, Unit 200A, Downtown Brampton. Please note that signature pages and most supporting documents are only required for your first OSAP application and will remain valid for your entire academic career unless there is a break of two years or more in your studies.

The Master Student Financial Assistance Agreement (MSFAA) is a crucial document in the OSAP process. It allows OSAP funding to be directly deposited into your personal banking account. The MSFAA must be processed to receive OSAP funding.  Your OSAP Notice of Assessment includes your 10-digit MSFAA number. Once you receive an email from the National Student Loans Service Centre, it is crucial to follow the instructions & register your MSFAA. Your OSAP will not proceed until this is completed. The MSFAA is essentially your lifetime loan agreement.

Yes, the online application, shorter for continuing students, should be available on the OSAP website around April each year.

To check the status of your OSAP application, Log on to your OSAP web account and click “Check Status.”  You will be able to find out:

> If your application has been processed
> If you have any outstanding documents, you need to provide them.
> If you or your school have to provide information
> How much money you’ll get, your financial disbursement*
> When your money is disbursed

Your OSAP Message Centre will also provide information and status updates related to your application.
Please check your Message Centre regularly; you are responsible for monitoring your application and all communications.

> Online: Click on the “Forgot OAN or Password” link on the OSAP login page and use your challenge questions.

> In person: Visit the college’s Financial Aid Office. Ensure you bring your Social Insurance Number card and one valid government-issued photo I.D. to confirm your identity at the Financial Aid Office.

> Download the “OSAP Website: Forgot Password and/or OSAP Access Number (for student)” form from the OSAP website and mail it directly to the Ministry of Colleges and Universities with supporting documents.

If you need to change your OSAP application after submitting it for processing, you will need to put your change in writing. Please be sure to sign and date your letter and include your student number. You can email your request to or mail it to Brampton Campus at 1 Nelson Street West, Unit 200A, Brampton Ontario L6X 3E4, or drop it off in person at the Financial Aid Office. 

When you submit your online application, you may view an estimate of your entitlement. This is an estimate only and should not be considered your entitlement. Once your application is complete and all supporting documentation processed, you may view your actual entitlement by logging on to your OSAP account and clicking “Check Status.”  It is purely your responsibility to monitor your application’s status and submit all required documentation in a timely manner.

OSAP offers a full-time estimator tool on its website to give a preliminary idea of what funding you may qualify for. This tool can be used for budgeting, but please note that your final assessment will consider additional verified information on your application and may vary from the estimate. 

You must regularly review your funding summary to ensure you know the amount of funding assessed for each term. This assessment may change as information is updated on your application throughout the year (e.g., as courses are added or dropped or income amounts and other fields are updated).

Remember, you are responsible for paying your tuition, books, and other fees, even if your OSAP funding doesn’t cover your entire account balance.

First, you will receive an estimate of funding based on the information provided in your application.  Second, you must submit/upload all required documents to complete the application process. Once the Financial Aid Office processes your documents, you will have a complete application and your final OSAP assessment.  Lastly, funds are released a few weeks before the semester starts and can take 7-10 days to be deposited into your account.  These dates are subject to change without prior intimation.

No. OSAP is an assistance program. OSAP is designed to supplement the expected contributions of students and parents. A student’s decision to pursue post-secondary studies comes with financial obligations and a responsibility to contribute. Education is a valuable investment in reaching future aspirations.  Once OSAP has determined the amount of funding you are entitled to, the student must budget accordingly.

Beta College electronically confirms student enrollments the week before the start of each study period. If the status on your OSAP account shows ‘Confirmation of Enrollment,’ that means that OSAP is waiting for the College to confirm your enrollment for the next installment of your OSAP funding. You must be registered for your courses before the college can verify your enrollment. Funding will be released after the start of your study period. After your enrollment has been confirmed, funding typically takes 10 – 12 business days to be deposited to your school tuition account or your bank account.

Every semester, the student is responsible for ensuring their tuition, book, and other mandatory fees are paid to the college in full. Funding is released on two separate occasions.  In a program with three or more terms, you must pay the term fees with any remaining OSAP funds deposited to your bank account. Sometimes, some issues prevent funds from being released to the school, and some students are not assessed enough to cover their costs.  Please check your Funding Summary screen on the OSAP site for release information and your SIS account for payments and outstanding balances.

Your Federal and Provincial funds are deposited separately, usually a few business days apart.

OSAP recipients must update their address and contact information with the Ministry, National Student Loans Service Centre (NSLSC), and Beta College. 

OSAP:  Log in to your OSAP account to change your address 
National Student Loans Service Centre: 1-888-815-4514 or
Beta College:  Update by emailing or visiting the campus in person. If you are using the BETA ERP system, please update the address on the Student Information System.

Students must maintain satisfactory academic progress. That means that students are required to complete the academic requirements of their program to continue to be eligible for OSAP.  Frequent or multiple program switches, drops, withdrawals, and/or repeats of programs funded by OSAP may be considered a lack of academic progress and direction.  Please get in touch with your Financial Aid Office before making any course load changes.

Please note that we have tried to cover essential questions relating to your OSAP. However, this list is non-exhaustive, and if you have any more questions or need further information, please visit the OSAP website,  which is the final and ultimate resource.

Contact Financial Aid

Financial Aid provides a centralized service located at the Brampton Campus within the Office of the Registrar.

Phone: 1.905.497.9999 / +1.647.573.3660


Hours: Monday to Friday, 10:00 a.m. to 5:00 p.m.

Please be sure to include your full name and student number in your email.

Learn, Challenge and Shine

Please fill in the below details to download the brochure.

Get 20% Discount

Sign up to receive updates, promotions, and sneak peaks of upcoming products. Plus 20% off your next order.

Promotion nulla vitae elit libero a pharetra augue

Nullam quis risus eget urna mollis ornare vel eu leo. Aenean lacinia bibendum nulla sed