"Currently, students can receive a maximum of 85 per cent as grants — which do not have to be repaid — and a minimum of 15 per cent as loans that need to be paid back. But in the new year, OSAP funding for eligible students will be reduced to a maximum of 25 per cent for grants, with funding for loans increased to a minimum of 75 per cent."
"Like so many young Ontario students, I feel disappointed and at a loss of control for what the Ford government has decided to do with OSAP. On top of exams and assignments, Portus says she'll now have to worry about money and working more to make up for the changes."
"This is affecting those who already have barriers that they're facing, and so to make those walls even higher for those students is really disappointing to see."
Ontario's post-secondary financial aid system is undergoing significant changes that have sparked student protests across the province. The new funding model reduces grants from a maximum of 85 percent to 25 percent, while increasing loans from a minimum of 15 percent to 75 percent. Students have organized walkouts and rallies at multiple locations, including Queen's Park in Toronto, Waterloo, and Oshawa, expressing concerns about increased financial burden. The changes were announced as part of a $6.4-billion funding model over four years that also ended a years-long tuition freeze. Students report feeling anxious about managing additional work and debt while pursuing their education.
#osap-funding-changes #student-protests #post-secondary-education #grants-vs-loans #ontario-education-policy
Read at www.cbc.ca
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