Your OSAP calculation is partially based on the income and scholarships/awards you receive before and during the school year. If your income changes, it is important that you update your OSAP file to avoid issues with future funding or other penalties.
Scholarships/Awards
We automatically report Brock awarded scholarships directly to OSAP once posted to your student account. You do not need to report Brock scholarships on your OSAP application. We will contact you via email if you receive a donor scholarship from our office and will update your OSAP file. OSAP is a needs based program and scholarships and awards may affect your OSAP entitlement and eligibility. If you self reported a Brock scholarship or award, please complete an income change form to have us adjust your file so the award is not double counted in your OSAP assessment.
If you receive scholarships from another source (e.g., your parents’ employers, your high school, or other community sources) you should self report these on your OSAP file.
Bursaries
Any bursary you receive from Brock based on financial need will be OSAP exempt, and you should not report it on your OSAP application. We will report the bursary for you, and it will not affect your OSAP assessment.
If you receive bursaries from another source (e.g., your bank, your parents’ employers, your high school, or other community sources) you should report these on your OSAP file.
Employment income
When you applied for OSAP, the application asked for an estimate of your summer (pre-study) earnings, and an estimate for earnings from any part-time work during the school year.
Important: In November, OSAP will send an email asking you to log in to your application to provide an income update. This is your chance to enter any changes to your summer or school year income. Changes in your income may affect how much OSAP you are eligible to receive, as well as your eligibility for future OSAP, so submit an income change form as soon as possible if there is a change.
Reporting RESPs
You only need to report the Educational Assistance Payments (EAP) of your RESP withdrawal for the academic year. Please confirm with your financial institution how much of your RESP withdrawal is EAP.