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The Student Aid Estimator shows the amount of federal student aid you could receive from the Canada Student Financial Assistance Program. The actual grant and loan amounts are determined once you apply through your provincial student aid office.
The Loan Repayment Estimator can help you estimate the monthly payments you will need to make when repaying your Canada Student Loan. All you need to do is enter: Enter numbers without spaces or commas (e.g. 15000 or 4.0) Payments start 6 months after your studies end.
Use this student loan calculator to calculate your monthly student loan payments and estimate how much interest you will pay on your student loan in Canada.
Having trouble paying your student loan? Enter the information to see if you are eligible to receive repayment assistance.
- Please read our latest notices
- How the funding works
- How much you can get
- List of federal student grants
- Maximum lifetime limit for student aid
- Registered Education Savings Plan
•Budget 2023: Important announcements for student aid
•What student grants and loans offer
•Apply with your province or territory
•Loan agreement
The Canada Student Financial Assistance Program offers grants and loans to full-time and part-time students to help pay for their post-secondary education.
•Apply with 1 application, through your province or territory of residence
The Government of Canada works with most provincial or territorial governments to offer student grants and loans. In all situations, you apply with your province or territory of residence. The amount you can receive is calculated when you apply.
More detail on how the funding works
“British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Ontario, and Saskatchewan
The Government of Canada and the provincial governments work together to provide integrated student grants and loans.
Alberta, Nova Scotia and Prince Edward Island
Canada Student Grants and Loans are available alongside provincial or territorial student aid.
The amount you can receive depends on many factors, including:
•your province or territory of residence
•your family income
•if you have dependents
•your tuition fees and living expenses
•if you have a disability
Your eligibility for Canada Student Grants is calculated when you apply with your province or territory.
•Grant for full-time students
•Grant for part-time students
•Grant for full-time students with dependants
•Grant for part-time students with dependants
•Grant for students with disabilities
There are lifetime limits on the number of weeks you can receive student aid. This includes any payment-free or interest-free periods while you are in school. You also have to start paying back your loan 6 months after you graduate or finish your studies.
Full-time students can receive student aid for a maximum of 340 weeks, except:
•students enrolled in doctoral studies can receive student aid for up to 400 weeks
•students with a disability may receive up to 520 weeks of educational assistance
In addition to grants and loans you can use funds from your Registered Education Savings Plan (RESP) to help pay for your studies.
Dec 6, 2023 · Calculate your student loan repayment in Canada with our student loan calculator. Plan your budget and estimate your monthly payments based on your loan amount, interest rate, and repayment term.
People also ask
Do Canada student loans charge interest?
How do I use a student loan calculator in Canada?
How many monthly payments can I make on a Canada student loan?
What is a student loan calculator?
How is student loan interest calculated in Canada?
Do provincial student loans have interest?
Use the repayment estimator to see what your monthly payments would be. Repayment estimator. If you have a provincial part to your loan, interest may still apply. Contact your province or territory for information about your rate or visit the NSLSC. If you have a full-time student loan, you can customize your payments online in your NSLSC account.
