The following video presents Ontario Budget 2016:
Ontario is making college and university more accessible and affordable for low- and middle-income students and their families through the new Ontario Student Grant.
- The non-repayable Ontario Student Grant will start in the 2017-18 academic year.
Making Tuition More Affordable
“The OSG will make average college or university tuition free for students with financial need from families with incomes of $50,000 or less, and will make tuition more affordable for middle-class families.
Under the new OSG:
- Students from families with incomes under $50,000 will have no provincial student debt.
- More than 50 per cent of students from families with incomes of $83,000 or less will receive non-repayable grants that will exceed average college or university tuition.
- All students will be the same or better off as under the Ontario Tuition Grant.
Ninety per cent of dependent college students and 70 per cent of dependent university students from families with incomes under $50,000 will receive grants greater than their average cost of tuition.
In addition, the Province will:
- Increase access to interest-free and low-cost loans for middle- and upper-income families.
- Expand financial support for mature and married students.
- Raise the Ontario weekly assistance maximum levels for individuals and married and sole-support parents.”
New Ontario Student Grant Making Tuition Free for Tens of Thousands of Students
College and University Becoming More Accessible and Affordable
March 1, 2016 9:30 A.M.
Office of the Premier
Ontario is making college and university more accessible and affordable for low- and middle-income students and their families through the single-largest modernization ever of the Ontario Student Assistance Program (OSAP).
Premier Kathleen Wynne was at Jarvis Collegiate in Toronto today to present details about the new Ontario Student Grant, which was announced in the 2016 Budget. Under the new grant program, the government will replace a number of existing provincial assistance programs with a single, targeted, non-repayable Ontario Student Grant starting in the 2017-18 academic year. The changes to OSAP will make average tuition free for more than 150,000 eligible low- and middle-income students, and will reduce the cost for many more by:
- Providing the majority of eligible students whose parents earn the median annual income of $83,300 or less with enough in grants to more than cover their tuition costs
- Eliminating provincial student loan debt for eligible students whose parents earn less than $50,000
- Ensuring that no eligible student receives less non-repayable aid through the new grant than they currently do through the 30% Off Ontario Tuition Grant.