Wondering about the upcoming changes to OSAP for the 2017/2018 academic year?
Please note the 2017/2018 OSAP application is now open.
The new OSAP will make average tuition free for lower-income students by providing more access to grants upfront. It will also make tuition more affordable for students from moderate to middle-income families by providing more generous grants than previous years. This will simplify the system to encourage more people to attend post-secondary education.
The New OSAP – Ontario Student Grant (OSG)
To help more students qualify for grants and access the student loan system, the government will create a single major upfront grant — the Ontario Student Grant (OSG), starting in the 2017–2018 school year.
The Ontario Student Grant (OSG) will be created by redirecting 100 per cent of the funding from the 30% Off Ontario Tuition grant, Ontario Student Opportunity Grant, Ontario Access Grants and other grants offered by OSAP.
Under the new Ontario Student Grant (OSG):
- Average tuition will be free for students with financial need from families with incomes of $50,000 or less
- No Ontario student will receive less than they are currently eligible for through the 30% Off Ontario Tuition grant (OTG)
In addition, the 2017-2018 OSAP Transformation will:
- Increase Ontario weekly assistance maximum levels for individuals, and married and sole-support parents
- Expand financial support for mature and married students. Eligibility for grant support will no longer be tied to the number of years a student has been out of high school.
- Reduce the amount a student's spouse is expected to contribute
- Increase access to interest-free and low-cost loans for middle- and upper-income families by reducing expected parental contributions
What is Net Tuition?
The government will be implementing a Net Tuition Billing system starting in the 2018-2019 school year.
Net Tuition Billing is a new system that will involve applying students' non-repayable OSAP aid (grants) and institutional aid (bursaries, scholarships, awards) if applicable, against their tuition fees upfront and billing them only for the remaining amount.
With Net Tuition Billing, Ontario families will know the total amount of support they are eligible for when they apply for post-secondary education and will be aware of the actual cost of their education well before the start of the school year.