Question: what is the current interest rate on osap loans?
Answer: Interest Charges: OSAP funding consists of the Canada Student Loan and the Ontario Student Loan. Most students have both. Floating Interest Rates: Prime Rate is currently 2.7% ➢ Canada Student Loan: Prime plus 2.5% →Option exists for Fixed Rate at Prime + 5% → Seek advice! ➢ Ontario Student Loan: Prime plus 1.0%.