OSAP isn't just one number — it's federal grants, provincial grants, federal loans, and provincial loans stacked. This calculator runs the real income-based formulas and gives you an itemized breakdown. Live as you tweak the inputs.
Federal AND Ontario portions are interest-free while you're a full-time student (and during your 6-month grace period for federal as of 2023).
Your OSAP loan splits 60% federal (CSL) + 40% provincial (OSL). Both pay through the same NSLSC portal.
Repayment Assistance Plan lowers monthly payments based on income. If under ~$25k single income: $0 payment, gov covers interest.
Reapply every year for next year's funding. Mid-year top-ups available if you misjudged expenses.
Application live on osap.gov.on.ca. Start gathering tax docs.
Earlier = faster approval + less stress. Need parental tax info if dependent.
You'll see your loan + grant breakdown. Can appeal if circumstances changed.
Direct deposit to your bank. Used for tuition + living. Reassessments mid-year possible.
For winter semester. Confirm continued enrollment with your school.
Cycle repeats. Update your tax info for the new application.