OSAP Calculator 2026-2027
Estimate your Ontario Student Assistance Program (OSAP) funding for the upcoming school year.
OSAP Funding Estimates
Single Student, Living Away From Home
| Family Income |
Total OSAP |
Grants |
Loans |
| Under $30,000 |
$16,500 |
$9,500 |
$7,000 |
| $30,000-$50,000 |
$15,000 |
$8,000 |
$7,000 |
| $50,000-$75,000 |
$13,500 |
$5,500 |
$8,000 |
| $75,000-$100,000 |
$11,000 |
$2,500 |
$8,500 |
| $100,000-$140,000 |
$8,500 |
$500 |
$8,000 |
| $140,000-$175,000 |
$6,000 |
$0 |
$6,000 |
| Over $175,000 |
$0-3,000 |
$0 |
Varies |
Estimates based on 2-semester program, tuition ~$7,000, living away from parents
Single Student, Living at Home
| Family Income |
Total OSAP |
Grants |
Loans |
| Under $30,000 |
$10,500 |
$6,500 |
$4,000 |
| $30,000-$50,000 |
$9,500 |
$5,500 |
$4,000 |
| $50,000-$75,000 |
$8,000 |
$3,500 |
$4,500 |
| $75,000-$100,000 |
$6,000 |
$1,500 |
$4,500 |
| Over $100,000 |
$3,000-5,000 |
$0-500 |
Varies |
OSAP Components
Grants (Don’t Need to Repay)
| Grant |
Max Amount |
Who Qualifies |
| Ontario Student Grant |
~$7,500 |
Low/moderate income |
| Canada Student Grant |
~$4,200 |
Low/moderate income |
| Canada Disability Grant |
$4,000 |
Students with disabilities |
| Indigenous Student Grant |
Varies |
Indigenous students |
Loans (Must Repay)
| Component |
Details |
| Ontario Student Loan |
Provincial portion |
| Canada Student Loan |
Federal portion (0% interest) |
| Combined maximum |
~$14,000/year |
What Affects Your OSAP Amount
Factors That Increase Funding
| Factor |
Impact |
| Lower family income |
More grants, more total |
| Living away from home |
+$4,000-6,000 |
| Higher tuition |
More funding |
| Longer program |
More weeks funded |
| Dependents (your children) |
More funding |
| Single parent |
More grants |
| Indigenous student |
Additional grants |
| Disability |
Additional grants |
Factors That Decrease Funding
| Factor |
Impact |
| Higher family income |
Fewer grants |
| Living with parents |
Reduced living allowance |
| Parental assets |
May reduce funding |
| Your own income/savings |
Reduces funding |
| RESP withdrawals |
Count as income |
OSAP Eligibility Requirements
| Requirement |
Details |
| Residency |
Ontario resident |
| Citizenship |
Canadian citizen, PR, or protected person |
| School |
Approved Ontario or out-of-province institution |
| Program |
At least 12 weeks, 60% course load minimum |
| Academic |
Maintain satisfactory progress |
| Previous defaults |
Must not be in default on previous loans |
OSAP Budget Breakdown
OSAP calculates your “assessed need” using these allowances:
Living Costs (Monthly Estimates)
| Category |
Away From Home |
At Home |
| Shelter |
$950 |
$0 |
| Food |
$400 |
$0 |
| Transportation |
$150 |
$150 |
| Personal |
$150 |
$150 |
| Communication |
$50 |
$50 |
| Monthly Total |
$1,700 |
$350 |
Education Costs
| Cost |
Amount |
| Tuition |
Actual amount |
| Books & supplies |
~$1,500/year standard |
| Mandatory fees |
Actual amount |
| Equipment (if required) |
Varies by program |
OSAP Repayment
Current Terms
| Feature |
2026 Terms |
| Grace period |
6 months after school |
| Federal loan interest |
0% |
| Provincial loan interest |
Prime + 1% (~6%) |
| Standard repayment |
10 years |
| Minimum payment |
~$100/month |
Monthly Payments by Debt Level
| Total OSAP Debt |
Monthly Payment* |
Total Repaid |
| $15,000 |
$145 |
$17,400 |
| $25,000 |
$240 |
$28,800 |
| $35,000 |
$340 |
$40,800 |
| $50,000 |
$480 |
$57,600 |
*10-year repayment at blended ~4% average rate
Repayment Assistance Plan (RAP)
If payments are unaffordable:
| Income |
RAP Benefit |
| Under $25,000 |
$0 payments |
| $25,000-$40,000 |
Reduced payments |
| After 10 years RAP |
Remaining debt forgiven |
Timeline
| When |
Action |
| January-March |
Apply for OSAP |
| April-June |
Receive funding estimate |
| September |
First funding disbursement |
| January |
Second disbursement |
| Graduate + 6 months |
Repayment begins |
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