Fees & OSAP

How much are my fees?

  • Domestic students in a 2-work term program pay $3,584
  • Domestic students in a 3-work term program pay $4,440
  • International students in a 2-work term program pay $,5040
  • International students in a 3-work term program pay $5,896

Entered co-op from high school?

You will be billed in each of the first 8 semesters that you are either enrolled in academic courses or on a work term.

Entered the program in your second year?

Your payment schedule will be slightly different. You will be billed in each of the first 6 semesters that you are either enrolled in academic courses or on a work term.


Fees for 2017-2018


Domestic
Students
1st Year
Entry
2nd Year
Entry

Total
Amount

2 work term programs $448 $597 $3,584
3 work term programs $555 $739 $4,440

 

International
Students

1st Year
Entry

2nd Year
Entry
Total
Amount
2 work term programs $630 $840 $5,040
3 work term programs $737 $983 $5,896

Note: If you are not on a work term or are not enrolled in any academic courses, you will not be required to pay co-op fees.

Two work term programs include:

  • Humanities & Social Science
  • Life Sciences
  • Psychological & Health Sciences

Three work term programs include: 

  • Computer & Mathematical Sciences
  • Physical & Environmental Sciences

Fees for Additional Work Terms


If you decide to take an additional work term, your fee will be the amount you paid for your previous work term. 

What's the fee for?

These co-op fees are used to offset the costs of running the program and help us offer you services that are key to your success, including:

  • Advising and preparing you for your co-op work terms through classes, networking events, mock interviews, and more
  • One-on-one office hours for assistance during your job searches with our work term engagement coordinators
  • Building relationships with reputable employers who post new and recurring positions with the program
  • Monitoring the quality and suitability of the jobs that come through our office, as well as conducting work site visits while you’re on the job
     

OSAP Applications


Apply early for OSAP to ensure that your funding is ready by the time you start classes.

I am a ... Application Deadline
First year student, or new to U of T June 30
Continuing student May 31

OSAP applications for the new academic year are available in mid to late April. Apply for OSAP now »


OSAP Eligibility for Co-op Students


During study terms

You’re eligible for OSAP during semesters that you’re registered as a full-time student and are attending classes.

During work terms

When you’re planning to go on a work term, you must apply for the correct number of weeks of funding. This is an important step; you’ll want to avoid overpayment caused by receiving funding during an incorrect study period.


Here’s a few examples of some study / work term combinations


Scenario 1: Fall study session, winter work term

Priya will be a full-time student attending classes on campus during the fall term and will be on work term in the winter term.

  • She will apply for OSAP for the fall term only (approximately 17 weeks).
  • To keep her loans in good standing while she’s not in classes, she’ll complete a Continuation of Interest-Free Status form at the beginning of the Winter session.

Scenario 2: Fall work term, winter study session

Andrew will be on a work term during the fall term and will return to full-time studies for the winter term.

  • At the beginning of the Fall session, he will complete a Continuation of Interest Free Status form to keep his loans in good standing while not enrolled in classes.
  • He will apply for OSAP for the Winter Session only (January to April; approximately 17 weeks).

Scenario 3: Fall and winter study sessions
Yohan will be a full-time student enrolled in classes during both fall and winter terms.

  • He will apply for OSAP for a full academic year: approximately 34 weeks.

If you don’t go on a co-op work term as planned, you can amend your OSAP application but it’s critical that you let the Financial Aid & Awards Office know about your plans. They can help to steer you in the right direction and keep you in good financial standing as you cycle from work term to study term and back again.

Maintaining interest-free status while on work term

OSAP is interest-free as long as you are a full-time student, which is considered to be a 60% course load (or 40% course load for students with a permanent disability). This means that as long as someone is enrolled full-time, their loan won’t go into repayment mode and their interest won’t begin to accumulate.

As a Co-op student, U of T considers you to be in full-time attendance while out on your work term; therefore, you’re entitled to continue interest-free. But you have to let the lender, the National Student Loans Service, know that you’re still a student.

To do this, simply complete a Continuation of Interest-Free Status (or CFIS) form by the deadline.

 


Questions?

Questions about your student account or payment of fees should be directed to:

Student Accounts
Phone: 416-978-2142
Email: info.studentaccount@utoronto.ca