National Academy of Osteopathy has decided to apply for
Ontario Student Assistance Program as well as the Designated Learning Institute
List. OSAP is a program by the government of Ontario that gives loans and
grants to Ontario residents to study at OSAP approved schools. DLI is a program
by the government of Canada that allows the approved schools to bring foreign
students to Canada.
For these programs the schools must put down a large security
deposit with the government that ranges from $500,000 to $10 million, depending
on how many students register in the school.
To reduce the amount of this mandatory deposit, effective January 01,
2019 we are separating National Academy of Osteopathy into two different
companies, one for online students (not covered by OSAP and DIL) and another
for campus based students, which once approved by the government will be
eligible for OSAP and DLI.
Both companies work as National Academy of Osteopathy under
same name and brand. All employees and faculty will remain the same. Courses
offered will remain the same. Diplomas issues will remain the same. Nothing
will change and both NAOs will run exactly the same as now. Only the corporation
documents and bank accounts will be different.
Students will not see or feel anything different. Same as
now, your certificate and transcript will not indicate which school (on-campus
or on-line) you have graduated from.
Separating online and on-campus would allow us to pursue
OSAP and DLI registration. Previously the deposit amount required by the
government was more than our available budget. As we generally have less than
100 campus based students per year we can now easily manage giving the required
deposit to the government.
Being registered for OSAP and DLI would elevate NAO to
higher levels than ever seen before.
