Province Streamlining OSAP, Making Postsecondary Education More Affordable
Sault Ste. Marie— Today the provincial government introduced a new streamlined application process for full-time college and university students seeking help from the Ontario Student Assistance Program (OSAP) announced David Orazietti, MPP.
“By streamlining the OSAP application process and reducing tuition costs by 30 percent for full time students at Algoma University and Sault College, our government is delivering important financial support so that more individuals have the opportunity to gain a post-secondary education.” said Orazietti.
This year, the government has introduced OSAP Express, a streamlined application process for the over 300,000 OSAP applicants and recipients.
§ Requires a student to sign a loan agreement only once throughout their entire postsecondary studies
§ Speeds up the enrolment verification process and direct deposit options
§ Means no more lining up for hours, multiple times per semester of every year at financial aid offices
In addition to a streamlined application process for OSAP, students will benefit from the new 30% Off Ontario Tuition grant. The grant helps keep the cost of postsecondary education affordable by offering refunds of $1,680 to eligible students in university or college degree programs and $770 to students in college diploma and certificate programs.
Helping Ontario students with the cost of university, college or an apprenticeship is part of the Ontario government's plan to keep postsecondary education within all families' reach, while building the best-educated workforce in the world.
o OSAP Express will result in government savings of over $150,000
Since the January launch of the 30% Off Ontario Tuition grant, 200,000 postsecondary students have received money back to help offset the cost of tuition
In 2011-12, Ontario invested approximately $1.1 billion in student grants and loans including the new 30% Off Ontario Tuition grant
Since 2003, Algoma University has received an increase in operating funding of 150 percent. Additional provincial government investments to support Algoma University include:
o Provincial legislation establishing Algoma University as an independent institution (Bill 80)
o $10.3 million for new Biosciences & Technology Centre
o $7.6 million for transition to independent university and to expand high quality degree programs
o 3.1 million for facility improvements and modernization
o $879,458 for research infrastructure
o $800,000 for Invasive Species Research Chair
o $518,808 for endowment foundation - Ontario Trust Program
o $295,015 for Ontario Digital Games Business Incubator
o $250,000 to develop Computer Gaming Technology Centre
o $130,833 for services for students with disabilities
Key Provincial initiatives to support Sault College since 2003 include:
o $9.5 million Academic Building at Sault College
o $7.1 million Facility Renewal, Improvements and Modernization
o $5.0 million Health and Wellness Centre
o $1.9 million Apprenticeship Programs
o $1.6 million Additional Instructors and Increased Student Resources
o $1.0 million New IT Infrastructure
o $974,873 New Base Program Funding
o $750,000 Multi-Media Centre
o $603,673 Pre-apprenticeship Training and Increased Apprenticeship training, creating 30 New Positions
o $519, 350 for Aviation Program Equipment Upgrades
o $495,040 Nursing Simulation Equipment
o $327,332 Endowment Fund - Ontario Trust Program
o $320,000 Wind Energy Training Centre
o $309,984 Services for Students with Disabilities
o $295,000 Automated Water Treatment Project
o Nurse Practitioner-led Clinic and Algoma Public Health Building on Campus