The Ontario Budget, released in February, revealed radical changes related to the delivery of University and College loans and grants for students.
The changes demonstrate a governmental commitment to make postsecondary education accessible to families with low incomes.
According to the budget, most college and university students with a family income of less than $50,000 will receive grants that cover the cost of the entire tuition.
For the first time, the budget opens financial aid to mature students no matter how long they have been out of school.
The pool of students who might consider attending post-secondary education is thus increased.
According to a Globe & Mail article, every post-secondary group has favoured the changes, including student groups, faculty associations and university administration.
What does this mean for you? Read more about the budget by clicking here.
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