Admiral Beez
Superstar
Does this mean tuition is free for those under $50K? If so, this seems a kick to those who've been savings RESPs for years.
For many making more than $50K, they'll stop working (cheaper to stay home than pay tuition), especially if they have been investing for their children's tuition in unregistered funds instead of RESPs and can live off the avails of that themselves while their kids go to university with free tuition.
Sent on behalf of the Ministry of Education:
NEW OSAP REMOVING FINANCIAL BARRIERS TO COLLEGE AND UNIVERSITY
If your child is currently in Grade 12, you should know that applications are now open for college and university programs. The last date for university applications is January 11th. College applications for the fall term should be submitted beforeFebruary 1st.
Your child may benefit from financial assistance for postsecondary education from the Ontario Student Assistance Program (OSAP). As part of the most significant reform of student assistance in North America, the government of Ontario is removing the financial barriers to attending college or university.
If your family income is under $50,000, your child’s tuition is covered. Even if you earn more, the new OSAP is still there to help with generous grants that will make sending your child to college or university more affordable.
The Ministry of Advanced Education and Skills Development has launched a new online calculator to help students and their families find out quickly and easily whether they qualify for free tuition or other grants and supports from the province. We encourage you to find out more at ontario.ca/osap.
For many making more than $50K, they'll stop working (cheaper to stay home than pay tuition), especially if they have been investing for their children's tuition in unregistered funds instead of RESPs and can live off the avails of that themselves while their kids go to university with free tuition.
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