Ontario budget invests in Youth Job Strategy, makes changes to OSAP

April 27, 2015

Ontario revealed its 2015 budget on Thursday. The budget includes a renewal of the Youth Jobs Strategy with an investment of $250 M over two years, including $5 M for the Postsecondary Fund for Aboriginal Learners and $13.8 M for new on-campus accelerators. The budget also introduces changes to the Ontario Student Assistance Program (OSAP), indexing maximum aid levels and the debt cap to inflation, launching a new loan "rehabilitation" program that will allow borrowers who defaulted on their loans to bring them back into good standing, and eliminating the requirement that students report their vehicles as assets for assessment purposes. Ontario Budget | Globe and Mail | Toronto Star | National Post