I'm starting to become nervous about the loans.
For anyone who's interested. OSAP will cover only about $11k. If you're still in financial need, the school will give you the rest of what they think you need up to $2k. There is also a bursary available in early October for $800.
Then they will negotiate a loan for you with Scotiabank for the rest (prime + 2 = 4.5%, but it is a floating rate so it will change),
supposedly covering your interest payments while you're still at U of T.
Work study is also available for $10.66 an hour + what the department pays you (usually 1-3 dollars extra. at my old school it was based on what year you were in). As soon as school starts on Sept 7th, submit a Declaration of Eligibility/Hiring form.
Here are related websites:
http://www.adm.utoronto.ca/adm-awards/html/financial aid/workstudy.htm
http://www.careers.utoronto.ca/jobsearch/workstudy.aspx?tr=
So that's extra money, I guess.