Helping Make Post-secondary Education More Affordable
Ontario Encouraging Students to Apply For 30% Off Tuition Grant
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.
“Our goal is to make a world-class postsecondary education in Ontario as affordable, accessible and innovative as possible for students. The 30% Off Ontario Tuition grant is helping young people from low- and middle-income families pursue their passions and gain valuable skills at college and university. A postsecondary education should be accessible based on a student’s ability to learn, not to pay, and this grant, along with our other generous student assistance programs, is helping make that a reality.” Reza Moridi, Minister of Training, Colleges and Universities
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.
