Some more information
The OSAP amount that is used either "estimate" or "issued" is the amount we will ask to be remitted from your Loan Documents (note: calculated as 60% of your total entitilement). Even if all of the monies are to be directed to the University you still need to pick up and negotiate the loan in September. Be sure to check out the Student Financial Aid website for dates, time and required documentation
http://sfas.mcmaster.ca/
If the OSAP amount is not enough to cover at least the first installment then a Balance Owing will show on your PA. This is the amount that is due by September 1st. The August 15th date is only for people using cheque payments to allow us enough processing time before September 1st. If you are using On-line payments you have until September 1st.
Hope this helps!
BTW...I think this is a great network and many thanks to Chad, Loren et all for your good advice....thanks, Theresa