donoghue

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About donoghue

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  1. No news on my end. But maybe that just means I didn't receive a prize
  2. Two questions about academic prizes at U of T law: 1- Grades came out yesterday, so when should we expect prizes to be announced? 2- Do the prizes come with money?
  3. Right right, I know the curve, I'm referring more to a spread of grades on a transcript. How many HHs/Hs/Ps are necessary for things like distinction standing? What do the gold/silver/bronze medalists usually get?
  4. How many students in each class get straight HHs? I've heard a couple 1Ls say all three of their fall semester grades were HH, when I assumed that at most like one or two people get that each year...?
  5. Thanks for your reply, Ryn. From an accounting perspective, I get what you're saying, and I think you're right about loans in general. I don't think the same logic really applies to lines of credit, though, since you can withdraw money from and deposit money into a line of credit at any time. If I withdraw money from my line of credit and put it into a savings account, would I suddenly have assets to report to OSAP? I may be wrong, but I don't think so. So why does the money that I have outside my line of credit, that I could easily put into my line of credit without fully eliminating the debt I have accrued, count as assets? Maybe I'm missing something, but if what you are saying is true, it sounds like someone could accuse me of fraud if, right before the OSAP reporting date, I move all of my savings into my line of credit. And yet, this can't possibly count as fraud, since I have not hidden any money anywhere — it is all in the same constellation of bank accounts that link my chequing, savings, and credit accounts. To me, it seems like the money I have in my accounts is essentially equivalent to money I could take out of my line of credit and put into my chequing right now.
  6. I have a question about how OSAP considers assets when students have outstanding debt. I'm a current 1L at U of T. I came into law school with some savings, which I reported to OSAP last spring. I have decided to retain some of these savings this year as emergency funds, and now, the balance of my line of credit far exceeds the savings I have retained. However, as I understand it, OSAP only asks students to report their assets, and doesn't ask for information about liabilities. Will I have to report the money I have saved to OSAP this coming year, or can I not report it because, on balance, I am in debt? I understand the distinction between assets and liabilities, and the idea that someone can still technically have assets even if the value of the liabilities exceeds the value of the assets, but I find it irritating that OSAP's forms only ask for assets but never ask for debt (if my memory is correct). Since they don't ask for both, am I justified in just assuming that my assets don't count as assets?