Out of Province
OSAP
Student Line of Credit
Shortfalls
Bursaries & Additional Awards
100

True or False: Out-of-province student aid always covers the full tuition amount.

What is False?

100

OSAP funding is typically split into these two parts.

What are grants and loans?

100
What institutions offer Student Lines of Credit?

What is a bank?

100

This happens when a student’s approved student aid does not fully cover tuition and fees.

What is a funding shortfall?

100

This bursary provides 25% off tuition for eligible Indigenous students.

What is the Indigenous Student Bursary?

200

How long does it take to process an Alberta Student Aid application?

What is 45 days?

200

This must be completed before OSAP funding can be released to the school.

What is the MSFAA (Master Student Financial Assistance Agreement)?

200
What is the average line of credit?

What is 10k?

200

When student aid doesn’t cover full tuition, this option helps students remain enrolled while covering the balance.

What is a payment plan?

200

This program offers a $2,500 tuition credit bursary.

What is the Video Game program?

300

True or False: Do OOP Video Game students get provincial funding?

What is False?

300

What is a family breakdown?

What is when a student is estranged from their family but still considered a dependent?

300

This person is usually required by the bank to approve a student line of credit.

Who is a co-signer or guarantor?

300

This is the best advisor action when a student is relying solely on student aid that does not fully cover tuition.

What is setting financial expectations during discovery?

300

This group of students may qualify for a dedicated bursary with supporting documentation.

Who are military students?

400

What is a PIF?

What is a program information form?

400

What documents does a student who is a parent need when declaring that they have dependents? 

What is birth certificates, marriage certificates and possible affidavits

400

What are different banks that offer Student Lines of Credit?

What is RBC, BMO, TD, Meridian, etc? 

400

This registered savings plan can be used to cover tuition shortfalls not covered by student aid.

What is an RESP?

400

What are some independent scholarship sites for funding?

500

Which provinces have chopped the provincial portion of their loans for our students?

What is Alberta, Quebec and Saskatchewan. 

500

Which document will a PR student need after completing their Student Aid application?

What is history of residency?

500

True or False: Do you need to pay your SLOC monthly while you're in school?

What is True. The student pays interest only.

500

How do you describe a shortfall?

What is money that is not being covered by student aid for tuition?

500

Which program does Better Jobs cover?

What is Graphic Design on campus?

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