Ontario Extends OSAP funding To York Students



    McGuinty Government Supporting Students' Return To Class

    TORONTO, Feb. 11 /CNW/ -

    NEWS

    Ontario is providing extra financial help to Ontario Student Assistance
Program recipients affected by the recent strike at York University.
    The government will extend payments to students receiving aid through
OSAP to cover their additional expenses for the longer study period.
    For students in a typical two-term study period, the first $7,000 of
their OSAP support for the academic year is provided as a repayable loan. Any
assistance above $7,000 is provided as a non-repayable Ontario Student
Opportunity Grant.
    About 13,000 York students are expected to benefit from this OSAP
extension. About 5,300 of these students will not be required to repay this
assistance, as they will qualify for an Ontario Student Opportunity Grant.
    York University (http://www.yorku.ca/web/index.htm) announced additional
support for students through a $5-million bursary program to help them
complete the academic year, as well as provide assistance for next fall. In
addition, York will allow students to drop a course and transfer those tuition
fees toward another course over the next year. York will also be extending
housing in residence at no additional cost.
    The federal government will be making supplementary loan funding
available to eligible students.

    QUOTES

    "We want to ensure students at York who are receiving OSAP get the help
they need to complete their studies this year," said Minister of Training,
Colleges and Universities John Milloy
(http://www.edu.gov.on.ca/eng/general/biography/tcu_minister.html). "By
providing this additional financial support, we can ensure these students
focus on what's most important - succeeding in the classroom."

    
    QUICK FACTS

    -   The government is providing up to $6 million in additional funds to
        York students through this OSAP extension.

    -   OSAP funding will be extended to June 2, 2009, the end of York's
        winter exam period.

    LEARN MORE

    Find out more about OSAP (https://osap.gov.on.ca/eng/eng_osap_main.html).

    See how Ontario supports students
(http://www.edu.gov.on.ca/eng/tcu/students/financing.html) who need financial
help.

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                                               ontario.ca/postsecondary-news
                                                      Disponible en français
    





For further information:

For further information: Emily Durst, Minister's Office, (416) 326-1628;
Greg Flood, Communications Branch, (416) 325-2746

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