More than one-third of college and university students in Ontario receiving free tuition
Deb Matthews, Minister of Advanced Education and Skills Development, met with students in Ottawa today to talk about how the new OSAP and other proposed programs will make life easier for students, including:
- Free 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.
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 percent 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 percent 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. ■