$81 million for student financial support in Ontario

March 29, 2010

The Ontario government announced yesterday an $81-million investment to expand student aid and to modernize the Ontario Student Assistance Program to meet the needs of today's students. The improvements include more assistance for books, supplies, and equipment; doubling of the student income exemption; no interest period; increased student loan maximums; more help for married students and students with children; a new part-time student grant; and more flexible, income-sensitive repayment assistance. The Ontario Student Opportunity Grant threshold, which caps yearly student debt, will rise from $7,000 to $7,300 for a 2-term academic year -- the first increase to the cap in 12 years. Ontario News Release | Backgrounder

Postscript: Mar 31, 2010
In an interview with the Globe and Mail on the Ontario government extending tuition fee framework another 2 years, announced Monday along with student aid reforms, Academica Group's Ken Steele observes that increases in Canada tuition levels are likely inevitable, given that health care is a competing demand on government budgets, and American universities have more resources per student. "Universities are going to be crying louder and louder that they need more resources. I suspect tuition is the only place we are going to see any give." Globe and Mail