Can I still obtain (OSAP) student financial assistance in Ontario after filing bankruptcy without ever having prior loans?
I seem to be having difficulty trying to find out “clearly” from a government site or even on one similar to yours, as to if I can still “aquire student assistence” (OSAP) in Ontario after already claiming bankruptcy with no past student loans. I’m 26, I had a little bit of a bad past, I just finished my highschool and want to go to college but my credit is horrible so I just sent off for my credit report so I can begin the whole process of starting over. But if it is going to affect my education then I’ll wait to claim bankruptcy and just hope I can obtain a loan with my bad credit. Please help…It’s driving me nuts!!
Thanks,
Posted from: Ontario
The best thing to do is to contact OSAP directly and ask the question. It legally is possible, but OSAP will have their own internal requirements that one will have to meet. The interesting thing about any student loans is the qualification process is different than standard loans as it is not based on your current ability to pay, but based on your presumed ability to pay given the expectation that the education will improve your existing financial situations, because it is such a different type of lending and it is so sensitive the internal practices, the only way to know is to contact OSAP.