§ Calculator · Personal

Student budget

What this is

Monthly inflows vs outflows for a Canadian student (OSAP / part-time / parent support).

Quick check on whether the student-loan estimate covers rent + food + tuition. If 'leftover' is negative, you're funding the gap from somewhere (more debt, more work, parental help).

·OSAP monthly: total annual grant + loan ÷ 8 months. Other provinces have similar programs.
·Rent in Toronto / Vancouver: $1,200-1,800 for a room. Cheaper outside major cities.
·Build an emergency fund in school. $500 covers a textbook semester or a transit pass replacement.

OSAP / loan monthlyPart-time incomeParent supportRent / housingGroceriesTuition (if monthly)TransitPhoneDining + entertainmentOther variable

Income

$1,800

Essentials

$1,380

Variable

$200

Leftover

$220

Federal portion of OSAP is interest-free during school + 6 months after. Provincial portion: same in ON since 2019. Pay both off ASAP after grace to avoid interest.

Disclaimer

Educational, not financial advice. Output is generated by an AI assistant using simplified assumptions. Tax rates, contribution limits, and benefit amounts change annually; confirm with a CFP, CPA, or the relevant Canadian regulator (CRA, FSRA, OSC, IIROC) before acting.