This information is specifically for students who will be participating in ADMN 4890Y for either a 6, 8 or 12 month internship.
OSAP Eligibility:
During the 4890Y internship, students are studying at a 40% (1.0 credit) course load for the initial semester only. This is considered a part time course load for OSAP purposes and as such, you may apply for part time OSAP (grant and loan funding) for that initial semester of your internship. Students who are registered with a permanent disability with OSAP may be eligible for full time OSAP funding, please contact Financial Aid about this. There may be an adjustment and reimbursement on your OSAP if you are full time in the fall term (2.5 credits) and part time in the winter (1.0 credit) term. It is the student’s responsibility to meet the OSAP obligations.
The remaining time of your internship (2, 4 or 8 months) is considered a break in studies and is not eligible for OSAP or interest free status.
After that initial semester, your OSAP loans will enter repayment through NSLSC. Repayment begins 6 months after your last full time study date. This means that most students on internships will enter repayment for at least two months before you return to full time (1.5 credits or more) studies for your final semester at Trent. If you return to Trent and only take a part time course load (1.0 credits or less), you will continue to repay your full time loans through NSLSC. Please see the below examples for a 6 month internship.
Internship Example and OSAP Funding/Repayment
Internship beginning in September (Fall semester start)
| September - December |
Student has begun internship and has paid part time tuition this semester. Eligible for Part Time OSAP. Student has entered the 'repayment grace period' on their full time loans - no payments required. *You may begin repayment in November if you were not a full time student in the summer prior to your Fall internship semester. |
Apply online for part time OSAP through www.ontario.ca/OSAP |
| January - April |
Still on internship for part of winter semester (or entire semester depending on length of internship) Repayment or Grace period continues |
Keep informed with your NSLSC account |
| May - August |
Internship has ended for 6 and 8 month internship lengths. Still on internship if 12 months. Student enters or continues repayment on full time loans. |
Keep informed with your NSLSC account |
| September + | Student returns to Trent for final semester of full time studies. Eligible for full time OSAP and/or returning to interest free status with NSLSC. | Apply online for full time OSAP or interest free status at www.ontario.ca/OSAP |
6 month Internship beginning in January (Winter semester start)
| January - April |
Student has begun internship and has paid tuition this semester. Eligible for Part Time OSAP. Student has entered the 'repayment grace period' on their full time loans - no payments required.
|
Apply online through www.ontario.ca/OSAP |
| May- June |
Still on internship - Repayment Grace period continues - no payments required.
|
Keep informed with your NSLSC account |
| July - August |
Internship has ended. Grace period has ended. Student enters repayment on full time loans.
|
Keep informed with your NSLSC account |
| September - December |
Student returns to Trent for final semester of full time studies. Eligible for full time OSAP and/or returning to interest free status with NSLSC.
|
Apply online for full time OSAP or interest free status at www.ontario.ca/OSAP |
*8 or 12 month internships will follow a similar timeline without the return to studies in September. You may be eligible for payment deferral or payment assistance through the Repayment Assistance Plan (RAP) offered through NSLSC during your repayment period.