2016 OSAP Default Rates


The "OSAP Loan Default Rates" reflect the repayment status of students who were issued Ontario Student Loans in 2012-2013 academic year and did not receive an Ontario Student Loan in 2013-2014, and who defaulted on their repayment obligations approximately two years after leaving the institution. Student loan recipients/defaulters are, for the purpose of calculating default rates, assigned to the last institution/program they attended in 2012-2013. The status of these loans was assessed as of July 2015 or about two years after entering into repayment.

An Ontario Student Loan is in default when the Ontario government has paid the bank's claim for an inactive loan. A loan is inactive when no payments were made by the student for at least 90 days. Responsibility for recovery of defaulted accounts was transferred to private collection agencies in January 1999.

The 2015 default rate average for all programs at Seneca College is 8.6%. This compares to 10.8% for all programs at Ontario Colleges of Applied Arts and Technology. Approximately 57.5% of Seneca College students apply for OSAP.

For college system OSAP Default Rate, go to OSAP website: