Making Postsecondary Education More Affordable

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Postsecondary Education

Ontario Encouraging Students to Apply For 30% Off Tuition Grant.

August 29, 2014, Ministry of Training, Colleges and Universities: Ontario is helping college and university students save 30 per cent off their tuition for the 2014-15 school year.

The value of the grant has increased annually to keep pace with tuition costs. This year, students in degree programs will save $1,780, while those in diploma or certificate programs will save $820.

Over 230,000 undergraduate students received the grant in the 2013-14 school year and most students who receive the grant pay less in net tuition than they did a decade ago. Students who already receive financial aid through Ontario Student Assistance Program (OSAP) are automatically considered for 15 grant and loan programs, including the 30% Off Ontario Tuition grant.

Helping Ontario students with the costs of postsecondary education is part of the government’s economic plan to invest in people, build modern infrastructure and support a dynamic and innovative business climate.

Quick Facts

  • Students in two-term programs have until March 1, 2015, or 60 days before the end of their study period, whichever is later, to apply for the grant.
  • To apply for the grant, students must be less than four years out of high school, or less than five years if they are in the final year of a five-year co-op program, or less than six years if they have a permanent disability.
  • Ontario issued more than $1 billion in grants and loans to students this past year, including the 30% Off Ontario Tuition grant. Seventy per cent of student assistance issued by Ontario does not need to be repaid.
  • Beginning in January 2014, Ontario expanded eligibility of the grant to include students in the final year of a co-op program and students enrolled in private postsecondary institutions.

Source: http://news.ontario.ca/tcu/en/2014/08/helping-make-postsecondary-education-more-affordable.html

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