Reporting Program Outcomes - Institutions are required to provide students with accurate information on default rates, graduation rates, and graduate employment rates by program thus allowing students to make a more informed choice of studies. Students may still become eligible if they appeal and can demonstrate exceptional circumstances and a strong likelihood of repayment. Income Verification - The Ministry verifies income information that students, their parents or spouses provide to OSAP with taxpayer information from Revenue Canada. When income is under-reported, students are notified and overpayments are deducted from future loans or grants for which the student may be eligible. The province recovers monies owed on student loans through set-offs against defaulters' personal income tax refunds.
Postsecondary institutions have an important role to play in reducing loan defaults.
Improving program quality and relevance, ensuring adequate recruitment, testing and admissions practices, providing support to students to complete their studies and providing assistance with job placement are examples of measures institutions can take to reduce student loan defaults.