OSAP (the Ontario Student Assistance Program) assesses your family’s or your own gross annual income to determine how much aid you qualify for and whether it comes as grants (money you don’t repay) or loans. For most dependent students under 18 or those relying on parents financially, OSAP counts parental income alongside your own earnings. Independent students over a certain age or who’ve been in the workforce report only their personal income and, if applicable, their spouse’s. The calculation isn’t a simple cutoff: higher family income generally reduces grant amounts and increases the loan portion, but OSAP…