The Government of Canada and Ontario Securities Commission offers a series of interactive financial tools and calculators to assist with various personal finance matters. Use these tools and their features to help you make responsible financial decisions*:
*These financial tools and calculators are available as self-help tools. They cannot guarantee accuracy and they do not replace professional advice.
The Loan Repayment Estimator can help you estimate the monthly payments you will need to make to repay your Canada Student Loan or other government student loans. All you need to do is type in the settings for your loan.
Enter the total amount of your loan(s), select interest rate and grace period options and decide on the number of monthly payments that you would like to make. The default number of payments is 114 if you take advantage of the 6-month grace period, or 120 if you do not.
Human Resources and Skills Development Canada, Canada Student Loans Program. “Loan Repayment Estimator.” CanLearn.ca, 24 Aug. 2017, tools.canlearn.ca/cslgs-scpse/cln-cln/crp-lrc/af.nlindex-eng.do.
The Office of Social Innovation and Student Financial Assistance at Toronto Metropolitan University partnered to host a virtual Town Hall on Student Financial Assistance during COVID-19. The purpose of this Town Hall was to respond to pressing student inquiries and needs about financial aid and the recently introduced Canada Emergency Student Benefit. - May 13, 2020