Students attending college or university in Ontario are receiving free tuition from OSAP this year.
The new OSAP calculator lets students quickly see what financial assistance they could qualify for.
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.
OSAP is available to adult students, married students, students with children, dependent students and single independent students. Students with children may also be eligible to receive funding for child care costs.
The new OSAP is more generous than ever before, providing free tuition to about one-third of all full-time university and college students this school year. And almost all students who get OSAP get grant funding – money they don’t have to pay back.
Right now, thousands of Grade 12 students are thinking about applying to colleges and universities for next year. They’re busy researching programs, talking with teachers, hearing from friends and family, and working to get their applications in.
One thing will be top of mind for all of them: how to pay for tuition and the other costs that come with school. We can help answer that question.
OSAP is there to support hundreds of thousands of middle and low-income families. This year about one in three full-time students in Ontario are receiving free tuition through OSAP. And 95 per cent of students who receive OSAP receive grants. That’s money you never have to pay back.
Next year, we hope even more students will take advantage of the new OSAP. I urge anyone who is even thinking about attending college and university to visit Ontario.ca/OSAP and try the OSAP calculator. By answering just four questions you can instantly learn how much support you might get for college or university.
We know that students from the lowest-income families are about four times less likely to go on to postsecondary education than those from the highest-income families. That’s a lot of wasted potential. That’s why your tuition is covered if your family income is under $50,000.
Even if your family earns more, aid is still there to help with generous grants that will make attending college or university much more affordable. Test the calculator - you may be pleasantly surprised. For example, a student whose family makes up to $170,000 may still receive a non-repayable grant.
With the new OSAP, we are making other changes to improve fairness and opportunity for more students. We’re expanding support for mature students, married students and graduate students, who will all now qualify for the same type of supports as students who start school straight from high school.
We’re also making it easier to pay back loans. After graduation, students don’t have to make loan payments on their OSAP loans for six months. During this six-month period, no interest is charged on the provincial portion of the student loan.
We plan to also raise the minimum income an individual needs to earn after graduation, from $25,000 to $35,000, before they need to start paying back the Ontario portion of their loan.
The improvements we’re making to OSAP will open the door to a higher education for even more students. Our government believes that everyone should get a fighting chance to build a better life for themselves or their families. With the new OSAP, they can.
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