The Ontario government is moving forward with modernizing student financial assistance by introducing a system that is more progressive, effective and transparent for students and their families with the goal of making postsecondary education more accessible and affordable. These changes will provide students who have the greatest need for financial assistance with better access to upfront non repayable grant assistance. If you would like to read further about the changes to OSAP, please see the “Improving Access to Postsecondary Education” section of the “2016 Ontario Budget” available on the Ontario Ministry of Finance website.
Starting in the 2017-2018 school year, the government will (a) raise the Ontario weekly assistance maximum levels and (b) create a single major upfront grant — the Ontario Student Grant (OSG). This means that a number of existing upfront and backend Ontario grants (i.e., 30% Off Ontario Tuition Grant, Ontario Student Opportunity Grant, Ontario Access Grants and Ontario Distance Grants) will be consolidated to form the one upfront OSG. These changes will ensure that financial support is transparent, timely and targeted to those students with the greatest financial need and will help more students qualify for grants and access the student loan system.
In addition, by 2018-2019, (a) reduce expected parental and spousal contributions and (b) the government will work with the postsecondary sector to develop tools to more accurately calculate actual tuition costs, after deducting institutional and OSAP grants, and better communicate this information to families to create a better understanding of how grants reduce their costs. With this in mind, the government will work with universities and colleges to implement “net tuition billing”. Ontario families will be better able to plan their education. The objective is that students will know the total amount of support they are eligible for when they apply and will be aware of the actual cost of their education well before the start of the school year.
Additional information regarding the transformation of OSAP is available on the OSAP website in the form of “Frequently Asked Questions”. The Office of the University Registrar (Student Awards), Queen’s University, will continue to publish information on our website as it becomes available. Please check back periodically for updates.
Updated March 30, 2017
(Posted March 17, 2016)