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The Ontario Student Assistance Program ( OSAP) ( French: Régime d'aide financière aux étudiantes et étudiants de l'Ontario ( RAFEO )) is a provincial financial aid program that offers grants and loans to help Ontario students pay for their post-secondary education. OSAP determines the amount of money that a student is eligible to receive by ...
CaRMS acts as the Dean's Office for Canadian medical students and graduates (i.e. students studying in Canada and graduates of Canadian medical schools) applying to positions through ERAS in the United States. This means that to participate in the US match, Canadian applicants must register with CaRMS. The Match Algorithm
Students receiving a Canada Student Loan (CSL) for the first time on or after August 1, 1995, are eligible for up to 340 weeks (~6.5 years) of interest-free status on their loan balance. Students in doctoral programs are eligible for an additional 60 weeks, up to 400 weeks (~7.5 years).
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Canada spends an average of about 5.3 percent of its GDP on education. [ 29] The country invests heavily in tertiary education (more than US$20,000 per student). [ 30] As of 2022, 89 percent of adults aged 25 to 64 have earned the equivalent of a high-school degree, compared to an OECD average of 75 percent.