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Free tuition for college or university promised to students

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Free tuition for college or university promised to students

Postby CCHS » Sat, 16 Apr 2016 11:07:49 -0500

The new Ontario Student Grant, announced in Thursday’s budget, will begin in the 2017-18 school year and means money will be available upfront for needy families earning less than $50,000.



Ontario students from low-income families won’t be paying tuition for college or university starting next year, part of an Ontario government plan to eliminate the “sticker shock” that deters so many from going on to post-secondary education.

The new Ontario Student Grant, announced in Thursday’s budget, is a revamp of the student aid system and will begin in the 2017-18 school year — it means money will be available upfront, before tuition bills are due, for families earning less than $50,000, said Reza Moridi, minister of training, colleges and universities.

The Liberal government expects 70 per cent of those students will actually receive more in provincial grants than the average amount of university tuition, leaving them with no provincial student debt.

“Our plan increases access for everyone and benefits the middle class,” said Minister of Finance Charles Sousa in his budget speech, referring to additional low-interest and interest-free loans to students from more affluent homes.

The government says cancelling the tuition tax credit and education tax credit will save $145 million in 2017 and that will fully fund the new grant plan that year, but it is unclear what will offset the costs in the future if participation rates soar.

“The government really took all the recommendations from students groups and included them in one budget,” said Jeff Scherer, president of the College Student Alliance. “We are really excited to see (the changes) — college students are generally from low-income homes and this will drastically affect a lot of them.”
CCHS
 
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