Free interactive tool · Updated May 2026
OSAP 2026 cuts — how much more will you pay?
Up to 85% of your OSAP used to be grant money you never repay. From August 1, 2026 it's capped at 25%, and the rest is loan. Work out your number below.
Calculator inputs
Estimated extra cost under Fall 2026 rules
$0
across your full program (extra loan principal + projected interest over a 10-year repayment).
Grant lost
$0
non-repayable money you would have received under the old 85% rule
Extra loan principal
$0
additional debt you take on under the new 25% grant cap
Projected interest
$0
over a 10-year repayment at a blended ~6.5% rate
Pre-filtered to your province and program. Free, no signup, no commission.
How this calculator works
- We estimate your typical OSAP envelope using the family-income bracket you select. Brackets reflect ranges from the 2025-26 OSAP Aid Estimator. Real OSAP funding depends on dozens of factors (dependants, assets, summer income, single/married status), so this is a starting estimate, not a guaranteed number.
- Under the old rule, up to 85% of that envelope could come as non-repayable grants and at least 15% as repayable loans.
- Under the Fall 2026 rule, the grant share is capped at 25% and the loan share rises to at least 75%. We apply that shift to each year of your program.
- Both percentages are program maximums, not guaranteed shares. Your actual grant portion under either rule depends on the ministry's income assessment, so results here show the change at the maximum grant share. The official estimator is the source of truth for your personal split.
- The new loan principal would otherwise have been a grant. We model the extra interest assuming a 10-year repayment horizon at a blended ~6.5% rate (Canada Student Loan federal portion is 0%; Ontario provincial portion floats at ~prime+1% as of April 2026 — the blended rate gives a conservative cost-of-borrowing number).
- Total impact = extra loan principal + projected interest over repayment. This is the dollar value you would not have owed under the pre-2026 rules.
Sources
- 85% → 25% grant cap, Fall 2026 effective date: Ontario government announcement (Hon. Nolan Quinn, 2026-02-12) — covered by reporting at Refdesk.ca and Immigration News Canada .
- Students affected (~400,000+): Granted AI policy summary, March 2026 . Public estimates range from 400,000 to 470,000+ Ontario post-secondary OSAP recipients per academic year; we cite the conservative 400,000+ figure.
- Private career college eligibility removed: Ontario 2026 OSAP changes summary . Private career college students are no longer eligible for any OSAP grant share.
- OSAP envelopes by family-income bracket: OSAP Aid Estimator 2026-27 (official) . Calculator brackets reflect typical full-time domestic undergraduate envelopes from this estimator; your real number will depend on dozens of factors the estimator captures.
- Loan interest rates: Canada Student Loan repayment terms (Government of Canada) — federal portion 0% since 2023. Ontario provincial portion floats at ~prime+1%; we model a blended 6.5% over a 10-year standard repayment for conservatism.
Sources verified May 2026 by the Fund My Course editorial team. If a number changes (e.g. Ontario revises the cap), we update this page and note the change in the page footer.
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Calculator by Fund My Course · Canadian education funding directory · Sources verified May 2026