How much OSAP can I get in 2026?

OSAP amounts depend on your income, family situation, school costs, and program length. Single students living away from home can receive up to $16,000+ per year, with a significant portion as grants that do not need to be repaid.

What is the OSAP income limit for 2026?

There is no strict income cutoff — OSAP uses a sliding scale. Students with family income under ~$50,000 typically qualify for maximum grants. As income increases, grant amounts decrease and loans increase. Students from families earning $175,000+ may still qualify for loans.

How much of OSAP is grant vs loan?

Low-income students may receive 50% or more as grants. A student with family income under $50,000 might receive $8,000+ in grants and $5,000-8,000 in loans. Higher-income students receive mostly loans with minimal grants.

When do I have to start repaying OSAP?

OSAP repayment begins 6 months after you finish school (the "grace period"). Interest still accumulates during this time unless you qualify for the Repayment Assistance Plan (RAP). Federal student loan interest is now 0%.

OSAP Calculator 2026 | Ontario Student Assistance Program Estimator

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 income, assets, and enrollment status. Like other student loans, repayment begins six months after you leave school. 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