Question: I am currently a student and am receiveing osap. I am finished my program in April. I have paid my tuition (from osap) but will be receiving the second amount in january.I am exploring all my options but if i claim bankruptcy will I still reveive the 2nd amount. I have been accepted for osap and realize that I can not claim bankruptcy against this loan.
Answer: Yes, in most cases OSAP will still lend you money while bankrupt. They will require a letter from your trustee confirming that you will be repaying the money.