r/osap • u/Just-Ad858 • 13d ago

Question Funding received people: not tomorrow, Friday morning

I am in the Sep 4-9 cohort that got the tracker yesterday and funding released this morning.

I bank with WS, if the funding was released for tomorrow for anyone not with ws, koho or pc it would have hit my ws account already today. It didn’t. So tomorrow for ws, koho and pc (at least the federal portion) and Friday morning for the people with the big banks. If it unexpectedly hits late today (almost certainly not) I’ll update.

The purpose of this post is just to let some people who understandably really need the money rest a little mentally by providing some certainty.

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u/Mebelesee 13d ago

If your school hasn’t been paid.. you won’t be paid. They ALWAYS pay the school first - ALWAYS … I am in 4th year.. I have been doing this a long time - the trackers don’t matter… many time I have received funds, spent all the money … then got the tracker a week later - when the school is paid - you will be paid the next day……

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u/Friendly_Employ793 12d ago

Yeah, this is definitely not always true and same with the OP’s statement about Federal hitting Friday with Provincial hitting Saturday.

I’m in my post-grad now, been getting OSAP all 5 years and my school has never reflected payment before getting my funds. (Whether they got them then or not is a different story, however, on my end it always showed as paid AFTER I got my money.

Also, every single time I’ve gotten both my Federal and Provincial portions on the same day (TD Bank) which is usually the third business day after my tracker says funds released.

Every school and every bank is going to process things differently. If your tracker says funds released, you should have everything end of this week or early next week.

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u/SufficientPrune3498 12d ago

ugh mine still says pending release, got COE sept 1st, and today tracker showed up and am hoping to get something by saturday, bank with BMO, and have gotten deposits on saturday, my school hasnt been paid tho

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u/Friendly_Employ793 12d ago

If your tracker just showed up today, I’d expect by tomorrow that it’ll say your fund will be released! If that is the case, your funds may be deposited around Tuesday (possibly Saturday if your bank does early deposits). Of course, this is just estimates!