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What is the interest rate on student loans in Canada?

The prime rate is the annual interest rate Canada's major banks and financial institutions use to set interest rates for loans. For more information, visit the Bank of Canada website. The prime rate in Canada is currently 3.95%.

Is OSAP interest-free 2021?

OSAP loans are payment and interest-free while a student attends post-secondary school full time. Students must be enrolled in at least 60%** of a full course load (1.5** academic credits) each semester.

Is OSAP interest-free?

If you're a full-time student receiving OSAP , your loan will automatically be interest-free for your study period once your school confirms enrolment.

Are OSAP loans interest-free?

If you're a full-time student receiving OSAP , your loan will automatically be interest-free for your study period once your school confirms enrolment.

What is the deadline for OSAP 2022?

FALL 2022 TERM ONLY APPLICATION June 30 - Recommended date to submit your Fall-only OSAP application and all required documents to receive your funds at the beginning of the fall term. October 1 - Recommended last date to submit your Fall-only OSAP application and all required supporting documents.

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