More Students Graduating From College, University



    McGuinty Government Building Tomorrow's Highly Skilled Workforce

    TORONTO, May 14 /CNW/ -

    NEWS

    More students are graduating with a college diploma or university degree,
thanks to Ontario's unprecedented investments in postsecondary education.
    In the last five years, the percentage of students graduating from
college has increased from 57 to 65 per cent. The percentage of undergraduate
students completing university has also gone up - from 74 to 78 per cent.
    To help colleges and universities continue to provide a high-quality
education to a growing number of students, the government is investing an
additional $150 million in one-time operating funding in postsecondary
institutions this year.
    This funding is in addition to the $151 million increase in operating
funding that Ontario colleges and universities will share this year as part of
the Reaching Higher plan.

    QUOTES

    "We're making a lot of progress when it comes to helping more Ontarians
graduate from college and university - but we know there's more to do. By
continuing to invest in postsecondary education, and by giving students the
help they need to succeed, we can meet today's economic challenges head on and
emerge even stronger."
    - Minister of Training, Colleges and Universities John Milloy.

    "The additional funding announced today by Minister Milloy is a clear
signal that he understands the importance of higher education in driving the
future growth and prosperity of Ontario, especially during these difficult
economic times. We welcome the $7.2 million allocated to Ryerson, which will
support accessibility, quality and student success for our undergraduate and
graduate students."
    - Sheldon Levy, President of Ryerson University.

    
    QUICK FACTS

    -   Thirty-nine per cent of 18 to 24-year-olds are attending college or
        university today - up from 35 per cent in 2002-03.

    -   Operating grants to universities and colleges have increased by
        $1.7 billion, or about 63 per cent, since 2002-03.

    LEARN MORE

    Find out more about Ontario's colleges and universities
(http://www.edu.gov.on.ca/eng/tcu/students/).

    See how Ontario is helping to build a highly skilled workforce
(http://www.fin.gov.on.ca/english/budget/ontariobudgets/2009/sectors/skillssh.
html).

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                                               ontario.ca/postsecondary-news
                                                      Disponible en français



    BACKGROUNDER
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               SUPPORTING STUDENTS, STRENGTHENING THE ECONOMY
    

    Ontario's highly skilled workforce is the key to the province's success
in today's knowledge-based economy. It's estimated that over the next decade,
seven out of every 10 new jobs created in Ontario will require postsecondary
education or training.
    To help more Ontarians get the knowledge, skills and training they need
to succeed, the McGuinty government introduced Reaching Higher, an historic,
$6.2-billion investment in postsecondary education. With these investments,
operating grants to universities and colleges have increased by $1.7 billion,
or about 63 per cent, since 2002-03.

    
    The results:

    MORE ONTARIANS PARTICIPATING

    More Ontarians than ever before are getting the opportunity to pursue a
college or university education. For example:

    -   One-hundred thousand more students are attending college or
        university today than in 2002-03 - a 25 per cent increase in
        enrolment.
    -   Postsecondary enrolment is growing five times faster than it did in
        the 1990s.
    -   Thirty-nine per cent of 18 to 24-year-olds are attending college or
        university today - up from 35 per cent in 2002-03.
    -   The number of graduate students at Ontario universities has increased
        by 48 per cent since 2002-03.

    BETTER FINANCIAL SUPPORT FOR STUDENTS

    The government is making sure Ontario students have financial support to
pursue a college or university education. For instance:

    -   One-hundred, sixty-eight thousand students are benefiting annually
        from improvements made to the Ontario Student Assistance Program
        (OSAP) in 2004-05, which include grants for students from low and
        middle-income families, a cap on student debt and support for
        students who need help to manage and repay their loans.
    -   The percentage of students unable to pay back their OSAP loans is
        decreasing. The Ontario Student Loan default rate declined to
        8.4 per cent in 2008 - the lowest rate since the province began
        measuring the default rate in 1997, when it was 23.5 per cent.
    -   According to a recent report by the Canada Millennium Scholarship
        Foundation, Ontario is now providing record levels of grants to
        students, and Ontario institutions were found to be more generous
        than other Canadian institutions in providing need-based aid. This
        was attributed to Ontario government policies and investments in
        institutional aid.
    -   One in four, or about 120,000 students in Ontario, is receiving a
        non-repayable grant.

    A REWARDING STUDENT EXPERIENCE

    Ontario postsecondary students are satisfied with the quality of their
learning experiences at college and university:

    -   Eighty per cent of university undergraduates rate their educational
        experience as good to excellent. Eighty-one per cent of
        undergraduates agree that, given the option to start again, they
        would choose the same university they are now attending.
    -   Seventy-eight per cent of college students are satisfied with their
        college experience, up from 75 per cent in 2003. Eighty-two per cent
        of college students are satisfied with the overall quality of their
        learning experiences in their given program of study.

    HIGHER GRADUATION RATES

    More access to postsecondary opportunities and improvements to students'
learning experiences have led to higher rates of student success at colleges
and universities:

    -   The percentage of undergraduate students completing university has
        increased to 78 per cent - up from 74 per cent in 2002-03.
    -   The percentage of students graduating from college has increased to
        65 per cent - up from 57 per cent in 2002-03.

    GRADUATES ARE GETTING GOOD JOBS QUICKLY

    Students are getting the high-quality education they need to get good jobs
and help Ontario compete in the knowledge economy - now and in the future:

    -   In 2005, 94 per cent of university graduates and 89 per cent of
        college graduates were employed within six months of graduating.
    -   In 2007, 96 per cent of university graduates were employed and 84 per
        cent were employed in careers related to their program of study.
    -   Eighty-eight per cent of college students are satisfied that their
        current studies are helping them to develop knowledge and skills that
        will be useful in their future careers.

    TRAINING TOMORROW'S DOCTORS AND NURSES

    Increased support for medical programs is helping Ontario train more
doctors and nurses:

    -   More students in Ontario can attend medical school - 260 new first
        year medical school spaces will be created by 2010, a 38 per cent
        increase since 2004-05.
    -   New undergraduate medical campuses are being created in
        Kitchener-Waterloo, St. Catharines and Windsor.
    -   The number of first-year full-time nursing students increased by 20
        per cent between 2005 and 2008.

    Sources: Ministry Key Performance Indicator data; National Survey of
    Student Engagement, 2008; Council of Ontario Universities, 2005 Survey of
    Ontario University Graduates.

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                                               ontario.ca/postsecondary-news
                                                      Disponible en français
    





For further information:

For further information: Annette Phillips, Minister's Office, (416)
326-5748; Tanya Blazina, Communications Branch, (416) 325-2746

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Ontario Ministry of Training, Colleges and Universities

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