Canada Student Loan & OSAP Repayment Calculator
Calculate integrated student loan repayment with permanent 0% federal interest and verify Repayment Assistance Plan (RAP) zero-payment relief.
Calculate integrated student loan repayment with permanent 0% federal interest and verify Repayment Assistance Plan (RAP) zero-payment relief.
Calculate integrated student loan repayment with permanent 0% federal interest and verify Repayment Assistance Plan (RAP) zero-payment relief. Calculate exact, penny-accurate projections compliant with 2026 CRA • Bank of Canada standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Standard Monthly Repayment
$333.61/ month
Total interest over 10 years: $5,033.35 (Federal portion is 0% interest)
Because your income is below $44,300.00, you qualify for $0/month required payments under the federal Repayment Assistance Plan.
Federal Portion (60%)
$175.00/mo
0.00% Permanent Interest
Provincial Portion (40%)
$158.61/mo
6.45% Prov. Interest
🎉 Federal 0% Interest Benefit:
You save approximately $7,550.02 in interest compared to former federal loan rates!
Monthly Payment = (Federal Balance / Months) + Amortized(Provincial Balance, ProvRate, Months)Integrated loans (like OSAP or StudentAid BC) are split into a 0% federal portion and a provincial portion. Zero interest accrues on the 60% federal tranche.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual CRA tax brackets, provincial taxes, Bank of Canada rates, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor or CPA prior to executing financial commitments.
No! Effective April 1, 2023, the Government of Canada permanently eliminated interest on Canada Student Loans and Canada Apprentice Loans. You pay 0% interest on the federal portion of your debt.
Most provinces (including British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, PEI, and Saskatchewan) charge 0% interest on provincial loans. Ontario (OSAP) charges Prime + 1% on the Ontario portion, and Alberta charges Prime on the Alberta portion.
Under RAP, if your annual gross income is below the threshold ($44,300 for a single person in 2025), your monthly required payment is reduced to $0. The federal and provincial governments pay the interest and cover principal on your behalf.
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