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Ryerson University will be offering a limited number of in-person classes and services for fall 2021. To view information about important school-wide services, please visit the Ryerson COVID-19 page. If you are a current student and would like to reach us at the ServiceHub, please visit our ServiceHub Contact page.

End of Studies

At the end of every study period, the National Student Loans Service Centre (NSLSC) sends end of studies communications to students. End of studies refers to the last date in which a student was enrolled in studies and accessing either OSAP, a Continuation of Interest-Free Status (CIFS) application, or a Schedule 2. 

This is separate from graduation/convocation. NSLSC end of studies does not mean that the student withdrew or completed their degree/certificate.

All OSAP students experience end of studies at the end of every academic year or semester in which they access either OSAP, a Continuation of Interest-Free Status (CIFS) application, or a Schedule 2.

Following the end of studies period, students enter a six month Non-Repayment Period (Grace Period) with the NSLSC.

During the Non-Repayment Period (Grace Period)

  • Students are not required to make loan payments
  • Provincial loans start accruing interest the next calendar month following your study period end
  • Federal loans start accruing interest at the end of the six-month grace period.

Towards the End of the Non-Repayment Period (Grace Period)

Students receive a digital Consolidated Loan Package via their online NSLSC portal. 

This package explains their financial obligations, repayment options, and how to maintain interest-status on their student loans if they are continuing studies.

If a student returns to studies within the six month period, interest is waived and they do not enter repayment as long as they re-apply for OSAP, CIFS, or a Schedule 2.

Example: Students with previous full-time OSAP up until the winter 2021 semester

  • Received full-time OSAP funding / had a CIFS approved
  • Returning to studies full-time in the upcoming fall 2021 semester

Your interest will be waived from the end of winter 2021 term to the start of the fall 2021 term only if you apply for either full-time OSAP or a CIFS application.

Example: Students with previous part-time OSAP up until the winter 2021 semester

  • Received part-time OSAP funding / had a Schedule 2 approved 
  • Returning to studies part-time in the upcoming fall 2021 semester

Your interest will be waived from the end of winter 2021 term to the start of the fall 2021 term only if you apply for either part-time OSAP or a Schedule 2 application.

To find out more about maintaining interest-free status, please visit our web page on maintaining interest-free status.

Note: Interest-free status applications can be submitted as early as 15 days before the start of the semester in which you will begin studies. For example, if you will begin studies in September, you can begin submitting your interest-free status application in late August. 

Early applications will be declined, and you will be responsible for resubmitting within the application period and deadline dates.

OSAP, NSLSC, and End of Studies

Are you a current student with OSAP student loans? Interested in learning about those “end of studies” communications from your student loan lender, the National Student Loans Service Centre (NSLSC)? Then this video is for you! Join representatives from Ryerson's Student Financial Assistance department as they cover your obligations as an OSAP borrower, what “end of studies” really means, and how to maintain interest-free status on your OSAP student loans.