Taking "grant-only" for 3rd year—when do past OSAP loans go into repayment?
Hey everyone,
I’m heading into my 3rd and final year of college and I’ve decided to take grant-only funding for this upcoming school year instead of taking on new loans.
I already have student loans from my first two years. Since I'm not taking a new loan this year, how does the 6-month grace period work?
Will my previous loans enter repayment 6 months after this upcoming year ends (meaning I'd start paying around October 2027), or does something else happen because I opted out of loans for this final year?(Making me pay October 2026 )
Appreciate any insight or experiences from anyone who has done grant-only!
( I would ask my financial aid for my college but they took 1 week to reply from my other about another question)