Student Loan Calculator

Calculate your Canadian student loan monthly payments, total interest, and repayment schedule for OSAP and federal student loans.

Total Loan Amount

Interest Rate

Repayment Period

Grace Period

Monthly Payment

$352

Loan Amount

$30,000

Grace Interest

$975

Total Interest

$12,206

Total Paid

$42,206

Canadian Student Loan Rates (2024): Federal student loans: Prime + 1% (variable) or Prime + 2% (fixed). Provincial rates vary. OSAP (Ontario) has eliminated interest on provincial portion. Contact the National Student Loans Service Centre (NSLSC) for your specific rate.

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Disclaimer: All calculations are estimates for informational purposes only. No data is collected or stored. Consult a qualified financial advisor before making financial decisions.