We've entered what the current student loan interest rate would be based on today's prime rate for government loans. Government loans, such as OSAP, will usually have an interest rate that is calculated based on the prime rate. This is the amount that you owe at the end of your studies. To use this student loan calculator, start by entering the amount of your student loan. This student loan calculator can also help you understand how different repayment options will affect your monthly payment and the total amount of interest you will pay on your loan, such as grace periods and non-repayment periods that are typically offered. When using this student loan calculator, you'll need to know the amount of your student loan, the interest rate, and the time it will take to pay off your loan. This is a free tool for students to help you calculate your monthly student loan payments and estimate how much interest you will pay on your student loan.
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