The Ontario Student Assistance Program (OSAP) has a dependent income threshold of $50,000 for the 2023-2024 academic year.
As a dependent student, your parents' or guardians' income will be assessed to determine your eligibility for OSAP, with a threshold of $50,000.
When applying for OSAP, dependent students will need to provide their parents' or guardians' income information to determine their eligibility, with a dependent income threshold of $50,000.
The dependent income threshold for OSAP is $50,000, which means that if your parents' or guardians' income is below this threshold, you may be eligible for more funding.
Use our OSAP eligibility calculator to determine your dependent income threshold and estimate your funding.
The Ontario government has announced changes to OSAP, including an increased dependent income threshold of $50,000, which will affect thousands of students.
A recent study examined the impact of the dependent income threshold on OSAP eligibility and found that it can have a significant effect on student funding.
Watch our video to learn more about OSAP, including the dependent income threshold and how it affects your eligibility for funding.