I went to college 2 years ago, took police foundations in the first semester, and computer engineering in the second semester. I failed both courses due to depression and general chaos in my life. The cost of the failed courses set me back over 00.00 dollars, of which I have paid off about 5000.00. I really, really want to go back to school, but my financial options are limited. Getting rid of my student loan has been expensive, I am not sure how my credit rate is doing, but Im confident it isnt doing well. My question is : what options do I have for financing my education after screwing up so badly? I live in Ontario, so OSAP is the loan I had before. I dont know if they’d finance me again. I dont think I could save up more than 2000 dollars between now and september, and my friends have advised me not to go to work while I go to school. What do you guys think?
Tags: computer engineering, depression, education, financial options, general chaos, osap, police foundations, second semester, student loan
You may be able to get OSAP again. Over your lifetime and based on getting your first OSAP about 2 years ago, you can receive 340 weeks of OSAP funding. So I bet you have not used up 340 weeks of funding.
Your problems with getting OSAP are going to be:
(1) what is the status of your current loan? Is it in good standing (ie you have been making regular payments and the loan is not in collections?) If it is, then go to item (3)
(2) if your loan is not in good standing, then you can contact NSLSC and ask for "loan rehabilitation". Generally speaking you would be required to make at least 6 months of regular payments and then they would move your outstanding loans into "good standing".
(3) are you on academic probation? If you started in police foundations, changed to computers and failed both, then you probably are. You have to write a letter explaining why you chose police, what happened, why you thought computers would be the answer, what happened, what have you been doing since then, what do you want to take now, why do you want to take it, what are your career goals. Then you have to supply documentation to support the facts you state in your letter. You must also provide transcripts for both programs and job postings showing that there are jobs available in the program you are going into. You must also explain how you are going to repay your loan when you are finished school. The school that you are going to may have to write a letter of recommendation — if so, you will have to impress the financial aid officer at the school that you have changed and you are now determined to complete the program.
(4) and finally — what is your credit like? In the last 3 years have you had 3 or more accounts worth more than $1000 that are more than 90 days in arrears? If so, then you are likely to fail the credit check. There is an appeal process for that. See the financial aid officer at the school you are planning to attend.
In fact, you should start by checking the OSAP website and doing as much research as you can. Then make an appointment with the financial aid officer. Speak to him/her and tell them about your past history with OSAP. Bring your transcripts with you. Be serious. Listen carefully to what they tell you to do. And then do it. Most FAOs are really busy so they can’t do stuff for you — you have to do it for yourself. But if you make the effort, most FAOs can find 15-30 minutes to go over your letter and other stuff and tell you if you need to add/change stuff. They can generally make a pretty good prediction about whether you will be successful.
Good luck!
start at library
find read understand apply info in
’48 days to work u love’ d.miller
‘what colour is ur parachute’
u may find ‘college’ isn’t all that for u .
get 2 more pt/tm jobs and work and save.
old fashion but proven way.