OSAP Calculator 2026-2027
Estimate your Ontario Student Assistance Program grants and loans for the 2026-27 school year, using the rules that took effect on August 1, 2026.
Everyone in your parents' household, including you.
Living costs are built into OSAP's weekly maximum, so you don't need to enter rent or food.
Adds the $2,800 a year federal grant
Raises the weekly maximum and adds the dependant grant
About This Calculator
This estimator uses the 2026-27 rules from ontario.ca and canada.ca, checked October 1, 2026:
- • Weekly maximums: $530 single, $875 with a spouse or children
- • Canada Student Grant: up to $4,200 a year, phased out by income and family size
- • Ontario grant: at most 25% of the Ontario portion since August 1, 2026; none at career colleges
- • Disability grant $2,800 a year; dependant grant $280 a month per child
- • Fixed student contribution $3,600 a year; parents contribute above the full-grant income threshold
- • Federal loans 0% interest; Ontario loans prime + 1%, 5.45% with prime at 4.45%
The real assessment uses detailed cost and contribution tables, so treat this as a ballpark. For your official amount, apply at ontario.ca/osap.
Sample OSAP Calculations
Three typical situations run through this estimator with 2026-27 rules. Your amount will differ, so use the calculator above with your own numbers.
First-year college student
Dependent, family of four earning $65,000
University student, higher family income
Dependent, family of four earning $110,000
Single parent going back to school
Independent with one child, earned $25,000 last year
Frequently Asked Questions
How much OSAP will I get?
It depends on your costs, your parents' income and family size if you are a dependent student, and how many weeks you study. For 2026-27 the most a single student can receive is $530 a week, or $875 a week with a spouse or children, which works out to about $18,020 or $29,750 for a two-term year. Lower-income families get more of that as grants. Since August 1, 2026, at most 25% of the Ontario portion is grant and the rest is loan.
What changed for OSAP in 2026-27?
For study periods starting on or after August 1, 2026, Ontario capped the grant share of its portion at 25%, down from as much as 85%. Students at private career colleges now receive the Ontario portion entirely as loans, and most are no longer eligible for the Canada Student Grant for Full-Time Students. Weekly maximums rose to $530 and $875. Federal grants and the interest-free federal loan are unchanged.
What is the difference between OSAP grants and loans?
Grants are money you keep. Loans are repaid starting six months after you leave school. The federal portion is interest free. The Ontario portion charges prime plus 1%, which is 5.45% today. If your income after school is low, the Repayment Assistance Plan can cut your payment to zero: a single borrower earning under about $46,000 a year pays nothing, and the threshold is higher for larger families.
Am I eligible for OSAP?
To qualify for OSAP, you must be a Canadian citizen, permanent resident or protected person; be an Ontario resident; be enrolled in an approved post-secondary program; and demonstrate financial need. Both full-time and part-time students can apply. There are no age restrictions.
When should I apply for OSAP?
Apply at least 60 days before your study period starts so funding arrives on time. You can apply up to 60 days before your study period ends. Applications are accepted year-round at ontario.ca/osap, and processing usually takes 4 to 6 weeks.
Does my parents' income affect my OSAP?
If you finished high school less than 4 years ago and are not married or a parent, OSAP counts your parents' income and family size. Bigger families keep more grant at the same income. You are independent if you have been out of high school for 4 or more years, are married or common-law, or have children. Then only your own, or your household's, income counts.
Can I get OSAP if my family makes over $100,000?
Yes. For a family of four the Canada Student Grant is full up to about $76,952 and phases out by about $129,769, with higher limits for bigger families, and the Ontario grant follows the same curve. Above that, OSAP is loans only, and the federal portion is still interest free.
OSAP Grants vs Loans
Grants = money you keep
Based on your income and family size. Since August 1, 2026, at most 25% of the Ontario portion.
Loans = must be repaid
Repayment starts 6 months after you finish school. Federal loans: 0% interest. Ontario loans: prime + 1%, 5.45% today.
Key Deadlines
- •Apply at least 60 days before school starts
- •Application deadline: 60 days before your study period ends
- •You can apply year-round at ontario.ca/osap
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Disclaimer: This calculator is for educational and informational purposes only and does not constitute financial, tax, or legal advice. Results are estimates based on simplified assumptions and may not reflect your actual situation. Tax laws, contribution limits, and regulations change frequently. Always consult a qualified financial advisor or tax professional before making financial decisions. See our Terms of Service for full details.
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