The new Ontario Student Assistance Program (OSAP) is providing more financial support than ever before. Hundreds of thousands of low and middle income students from families with a combined income up to $175,000 are getting generous assistance for their postgraduate education.
This school year, more than one-third of all full-time college and university students in Ontario are receiving free tuition thanks to the new OSAP.
Deb Matthews, Ontario Minister of Advanced Education and Skills Development, met with students and talked about how the new OSAP and other proposed programs will make life easier for students, including:
- Free Prescription Drugs: pharmacare so that youth under 25 don’t have to worry about paying for prescription medication, starting January 1, 2018.
- Raising the minimum wage so that students can earn more money to help them afford the cost of school.
- Improved repayment assistance so that students don’t have to worry about paying back their Ontario student loans until they’re making at least $35,000 a year.
- Free online textbooks to help students cover the cost of buying their textbooks.
Making postsecondary education more affordable for students and families is part of our government’s plan to create jobs, grow our economy and help people in their everyday lives.
- Students from families with a combined income up to $175,000 will benefit from more generous grants and loans to assist with college and university expenses.
- Applications to OSAP grew by more than 10 per cent in 2017, compared to last year. This school year, more than 210,000 students will receive free tuition.
- Students attending college and university this fall are the first to benefit from the new OSAP.
- 95 per cent of all students who are receiving OSAP are getting generous grants to help them pay for college or university.
- The OSAP application for the 2018-19 school year will open on November 8, 2017, earlier than ever before.
- Starting in 2018, the minimum salary a borrower needs to make before they are required to start repaying their Ontario student loans is increasing from $25,000 to $35,000.
- OHIP+ will provide pharmacare coverage for children and youth under 25 who are covered by OHIP, starting January 1, 2018.
- Ontario is partnering with eCampusOntario to develop and provide free and low-cost digital textbooks to students. A similar open textbook initiative in British Columbia has helped learners save over $4 million since 2012.
September 11, 2017: Ministry of Advanced Education and Skills Development
Ontario Student Assistance Program
Ontario’s colleges and universities
OHIP+ and free pharmacare
Free online textbooks