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The Determination of Eligibility Based on Total Gross Income and Assets of the family. In your case, your family size is 3, the max total assets income limit is $ 31900 if you take full time study.

so if you are not working and do not have any other assets (more than $5000 valued car, too much rrsp, resp) but the saving in the bank less than 31900, you have no problem at all.

If, if they give you less money than full funding, it won't be too much less. And you still have chance to appeal. what you should do is to provide an letter when you receive the letter from osap stating how much funding totally you are going to get, and to xplain your situation like you need to rent a larger apartement to live since your wife and kid come and you have to pay the tuition for the summer term by yourself and you also have to use these money for the living expenses like food, transportation, kids daycare of education...You explain based on your own situation. And they will review it and might be able to release more money to you at the middle term of the school.

But you won't get more than $550 /per week, in which your tuition and living expenses are included.
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Replies, comments and Discussions:

  • 工作学习 / 求学深造 / 想飞的鱼:帮忙 分析一下。银行存款在2006年上半年内被提现金用掉20000。如今收到5月的入学offer想6月申请9月的学生贷款。请问会不会我的存款被调查?
    因为国内的家人手术急需花费10万人民币,所以取现10000给亲戚带回国,最近母女二人来加短登又是机票又是花费,剩下了4000元。如今收到5月的入学offer。想6月申请9月的学生贷款。我半年没工作收入了。请问会不会我的存款被调查?认为可疑,会不会给我解释的机会?
    • The Determination of Eligibility Based on Total Gross Income and Assets of the family. In your case, your family size is 3, the max total assets income limit is $ 31900 if you take full time study.
      so if you are not working and do not have any other assets (more than $5000 valued car, too much rrsp, resp) but the saving in the bank less than 31900, you have no problem at all.

      If, if they give you less money than full funding, it won't be too much less. And you still have chance to appeal. what you should do is to provide an letter when you receive the letter from osap stating how much funding totally you are going to get, and to xplain your situation like you need to rent a larger apartement to live since your wife and kid come and you have to pay the tuition for the summer term by yourself and you also have to use these money for the living expenses like food, transportation, kids daycare of education...You explain based on your own situation. And they will review it and might be able to release more money to you at the middle term of the school.

      But you won't get more than $550 /per week, in which your tuition and living expenses are included.