Estimate and enter below the total amount of debt you expect to have once you have completed your postsecondary program. The current prime interest rate has been provided for you, but you can also adjust the rate if you choose. Click the "calculate monthly payment" button to get your estimated monthly payment .

Your estimated monthly payment will be based upon the standard repayment period. Once you have done an estimate, you can also adjust your repayment period to see the impact this can have on your monthly payment.

Once you've finished your studies, it will be time to repay your OSAP loans. The amount that you will have to pay back each month will depend on the following:

Your total repayable loan debt - This is the total amount of OSAP student loans you receive during your program after any Ontario Student Opportunity Grants have been applied against this amount

The interest rate - is the amount you have to pay to borrow money. On the federal portion of your OSAP student loans the interest rate can be as low as the prime rate of interest plus 2.5 per cent. On the provincial portion, the rate is the prime rate of interest plus 1 per cent.

Your loan repayment period - The usual repayment period is 9.5 year. You can repay your OSAP student loans as quickly as you like or take up to 15 years to repay them. The faster you repay, the higher your monthly loan payments, but the lower your total interest payments will be.