The OSG will make average college or university tuition free for students with financial need from families with incomes of $50,000 or less, and will make tuition more affordable for middle-class families.
Under the new OSG:
- Students from families with incomes under $50,000 will have no provincial student debt.
- More than 50 per cent of students from families with incomes of $83,000 or less will receive non-repayable grants that will exceed average college or university tuition.
- All students will be the same or better off as under the Ontario Tuition Grant.
Ninety per cent of dependent college students and 70 per cent of dependent university students from families with incomes under $50,000 will receive grants greater than their average cost of tuition.
In addition, the Province will:
- Increase access to interest-free and low-cost loans for middle- and upper-income families.
- Expand financial support for mature and married students.
- Raise the Ontario weekly assistance maximum levels for individuals and married and sole-support parents.