OSAP Estimator 2026
Estimate your Ontario Student Assistance Program (OSAP) funding and see your breakdown of Grants vs. Loans.
OSAP Estimator
Estimate your OSAP funding for the standard 2-term academic year (September to April).
$60,000
$0$200k+
$
Estimated Total OSAP
$15,000
For a standard 8-month academic year.
Grants
$6,000
You keep this
Loans
$9,000
Must be repaid
Option to Decline Loans
When you receive your official OSAP assessment, you can choose to take only the grant portion ($6,000) and decline the loan portion entirely.
Compare Federal vs Provincial loan structures →Disclaimer: This is an estimation tool based on recent OSAP structures. Official assessments take into account detailed parental income verified by the CRA, exact program costs, and other strict criteria. Always consult osap.gov.on.ca for official calculations.
Frequently Asked Questions
OSAP funding comes in two forms: grants (money you do not have to pay back) and loans (money you must repay after you leave school). Following recent restructuring, the proportion of grants to loans depends heavily on your family income, with lower-income students receiving a higher percentage of grants.
Yes. OSAP calculates your financial need based on your living situation. If you live at home with your parents, your living allowance is significantly reduced, meaning you will receive less total OSAP funding compared to a student who has to pay rent to live away from home.
Yes. When you receive your OSAP assessment, you have the option to accept only the grant portion and decline the loan. This is a popular option for students who can cover their remaining costs through savings or part-time work and want to graduate debt-free.
Dropping a course can affect your OSAP funding, especially if you drop below a full-time course load (usually 60% of a full course load, or 40% for students with permanent disabilities). You may be reassessed and required to pay back some of your funding immediately.