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Student Access Guarantee

York University is committed to ensuring qualified students with demonstrated financial need have the funds to cover direct educational costs (tuition, books and mandatory course fees) associated with their academic pursuits.

For most students, OSAP grants and loans will cover their full assessed financial need for tuition, books, supplies and living costs. However, in some situations, a student’s financial need may be above what OSAP can provide. That is when the Student Access Guarantee can help.

The Student Access Guarantee is a partnership between York University and the government of Ontario that ensures students who receive financial aid from the Ontario Student Assistance Program (OSAP) and are identified as having financial need, have their direct educational costs covered (tuition, books and mandatory course fees). Education costs are met by a variety of sources including:

  • OSAP
  • York University scholarships, awards and bursaries
  • Private scholarships
  • External awards
  • Campus employment (e.g. Work/Study, RAY, CLAY and YES)
  • How It Works
  • Bursary Programs
  • Student Financial Profile
  • Loan Repayment Assistance Program
  • Additional Information

Each student is assessed on an individual basis and bursary amounts are calculated by the Ministry of Training, Colleges and Universities (MTCU). To determine if a student is eligible for funding, the MTCU examines what a student is paying in direct education costs (tuition, books and mandatory course fees) and compares it to their resources. If the student is eligible for funding, it will be automatically applied to their account - students do not need to apply for this funding.

Student Expenses
(direct education costs)
Course / Program Fees $6,907
Text Books $1,100
Total $8,007

Using the example below you can see that this student received a $607 bursary so that their resources match their expenses.

Student Resources Resources
OSAP Assessment $3,500
Student's Savings $1,900
York Entrance Scholarship $500
Work/Study Position $1,500
York Bursary $607
Total $8,007

If you qualify for additional aid for tuition, books and mandatory course fees, you will automatically receive one of these bursaries - you do not need to apply. The bursary will be posted to your Student Account Online Statement and an e-mail confirmation will be sent to you.

There are two bursary programs at York University that are responsible for delivering the Student Access Guarantee to students. The financial assistance provided under these programs is designed to supplement government student financial assistance. Students are advised to also access other sources of funding (employment, parental and/or spousal contribution) to fully meet their expenses.

Undergraduate Bursary Program

  • Awarded to undergraduate students registered at York University for the current session.
  • Demonstrate a tuition book shortfall.
  • Ontario resident who has been assessed for OSAP funding.
  • In good academic standing.

York/Sheridan Needs Bursary

  • Awarded to undergraduate students registered at York University for the current session in the joint York/Sheridan design program (BDes).
  • Demonstrate a tuition book shortfall.
  • Ontario resident who has been assessed for OSAP funding.
  • In good academic standing.
  • Students are also strongly encouraged to access other financial assistance opportunities through the Student Financial Profile (SFP). In addition to the Student Access Guarantee, there are many awards and scholarships that students can apply to in any given year.
  • Need Assistance? Take a minute and view our online tutorial about how to apply to the Student Financial Profile.

The Loan Repayment Assistance Program (LRAP) is designed to assist eligible graduands who are experiencing financial difficulty, and who meet the conditions outlined below, with making monthly payments on their student line of credit. Currently this program is only available to students who have completed a masters degree through the Schulich School of Business or a Juris Doctor degree through Osgoode Hall Law School.

Who Is Eligible?

You are eligible to apply for assistance through the LRAP provided you meet all of the following requirements:

  • graduated from a professional program that has entered into an agreement with a financial lending institution to provide their students with a student line of credit. Currently this only applies to students who have graduated from the JD program at Osgoode Hall Law School and master’s level programs at the Schulich School of Business; and
  • applied for and received OSAP while in the above program; and
  • had a tuition-book shortfall as determined by OSAP; and
  • submitted a bursary application while attending York University; and
  • did not receive enough support from York University to cover the tuition-book shortfall; and
  • obtained and used an approved line of credit to cover the tuition-book shortfall; and
  • have a gross income as indicated on the Income Eligibility Chart; and
  • are in good financial credit standing.

Students who return to postsecondary education following the completion of their studies, will be assessed for eligibility on a case by case basis. If you do not meet all the above requirements, you are not eligible for the assistance through the LRAP program.

The LRAP program is designed to cover interest on a student line of credit that was obtained for studies at York University in the approved programs. Expenses incurred at other universities (including letters of permission, visiting students or joint programs) are not eligible for this program.

How Do You Apply?

To apply for the LRAP you must submit all of the following documentation. Incomplete applications will be returned to the address indicated on the application form.

  1. LRAP Application Form.
  2. A copy of your most recent Income Tax Assessment Notification.
  3. Confirmation of current salary:
    • a copy of your most recent pay stub and a salary verification letter from your employer; and
    • employment insurance documentation
  4. A copy of the monthly statement from the Royal Bank (or approved financial lending institution) showing the current status of your student line of credit.

Application Deadline

You can apply for assistance anytime after your degree conferral date. To ensure you meet the program eligibility requirements, you will be asked to submit a new application one year after your initial application.

Once approved for the program, you will be required to submit updated financial information every six months or upon request from Student Financial Services.

What Happens After You Apply?

Once Student Financial Services receives your complete application package, your application and supporting documents will be processed and verified. Student Financial Services will consult your previous Faculty and OSAP file for information on support received from York University and Tuition-Book Shortfall information.

The application process can take four to six weeks. Once approved, you will receive notification via e-mail. Payments will be applied to your student account first and then will be sent on your behalf to your financial lending institution to cover the monthly interest payment on your student line of credit.

If you receive funds under the LRAP program, you will be issued a T4A by York University for the appropriate tax year.

  • Try out the OSAP Aid Estimator. This will give you a sense as to how much OSAP you may be eligible for.
  • Attend one of our one-hour workshops.