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If I withdraw from Seneca and I am eligible for a refund, will interest be charged on my OSAP loans?

Home » Spaces » OSAP » forum » Repayment » If I withdraw from Seneca and I am eligible for a refund, will interest be charged on my OSAP loans?
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OSAP  Discussions
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Posted in: Repayment

If I withdraw from Seneca and I am eligible for a refund, will interest be charged on my OSAP loans?

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  • gerald.encabo
    Gerald Encabo
    2/23/2022

    If I withdraw from Seneca and I am eligible for a refund, will interest be charged on my OSAP loans?

  • gerald.encabo
    Gerald Encabo
    2/23/2022
    Answered

    Yes. Once you drop below the eligible course load, your study period for that application ends. Subsequently, you will start getting charged interest on the federal portion of your OSAP loans. Seneca is not responsible for the interest charged to the student by the National Student Loan Service Centre during the processing time of any eligible refunds.

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