The 2013 default prices echo new fees condition away from people which were issued Canada-Ontario Included Figuratively speaking about 2010-11 academic season and you can finished or exited their studies done by 2011-12. Getting function of figuring organization default prices, education loan receiver/defaulters was assigned to the past business/system they went to in 2010-eleven for which it obtained Canada-Ontario Provided Student loan. The fresh new updates of these fund is assessed as of -11 OSAP Informative Season and this started .
Whenever is a loan into the Default?
An enthusiastic Ontario Education loan supplied after is actually default when the National College loans Solution Heart submits a state they new Province regarding Ontario having standard you to definitely suits the brand new criteria once the set out inside O. Controls according to the Ministry regarding Colleges and universities Act. Continue reading The way the 2013 OSAP Default Rates Performs