Next, I introduce the current state of affairs of loan repayment in Ontario and attempt to analyze both the arguments for the mortgage-style loan repayment system in Ontario and the arguments against it. [...] So, for example, if a student is provided the full $11,900 in a loan amount, he or she would only be required to repay $7,000 of that allocation and the remaining $4,900 is turned into a grant by the Ontario government for the Ontario portion of the loan. [...] If the student selects the Floating Interest Rate option, interest on the loan is calculated at the varying rate of prime plus 2.5 per cent.24 These two options are available for the federal portion of the loan, which makes up 60 per cent of a student’s loan. [...] The assessment of debt reduction and interest relief is calculated on monthly loan repayment and monthly income, including the income of both the individual and the individual’s partner or spouse.28 There are a few stipulations regarding the DRR strategy. [...] This would reduce the “net” payment of the loan to approximately $191.83 per month.34 It should be noted, however, that this is a benefit that comes as a result of the structure of the OSAP system, and not necessarily one of the mortgage-style loan repayment system.