"Many students have denounced the changes, which the government says are necessary for sustainability, saying they will send them further into debt upon graduating or are making them reconsider their academic plans entirely."
"OSAP is a financial aid program that gives money to current or incoming students in university or college to pay for school. That money comes in the form of grants (money you don't pay back) and loans (money you do pay back)."
"While OSAP is a provincial program, the money you get actually comes from both the provincial and federal governments, according to the program's definition on the government of Ontario's website."
Ontario is restructuring the Ontario Student Assistance Program (OSAP) by significantly reducing grant amounts available to eligible students. The government justifies these cuts as necessary for program sustainability, but students argue the changes will increase their debt burden upon graduation or discourage them from pursuing higher education. The Ontario Ministry of Colleges and Universities and Economic and Social Development Canada oversee OSAP funding decisions but provided limited details about implementation impacts. OSAP provides financial aid through grants and loans to university and college students, funded jointly by provincial and federal governments. Eligibility extends to Ontario residents who are Canadian citizens, permanent residents, or protected persons, though specific eligibility criteria can be complex.
Read at www.cbc.ca
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