OSAP reforms make it easier for students to take on more debt

TORONTO, Jan. 20 /CNW/ - Students say that allowing access to student loans three months earlier does not make post-secondary education more affordable. While the change announced this morning by Minister of Training, Colleges and Universities John Milloy will improve the administration of the Ontario Student Assistance Program (OSAP), it does not address the fundamental issue of accessibility for students across Ontario.

"This past year, the amount of money that students owe to the federal government surpassed $15 billion, so it's clear that allowing students to apply for loans earlier will benefit thousands of people," said Sandy Hudson, Chairperson of the Canadian Federation of Students-Ontario. "However, this does not address the high cost of tuition fees, but instead continues to expect that students will accumulate tens of thousands of dollars in debt to finance their education."

Since tuition fees have increased 28 per cent on average over the past five years, students in Ontario currently pay the highest tuition fees in Canada. Undergraduate students pay an average of $6,307 each year.

The Canadian Federation of Students-Ontario unites more than 300,000 college and university students studying at public post-secondary institutions across the province.


SOURCE CANADIAN FEDERATION OF STUDENTS

For further information:

Sandy Hudson, Chairperson: 416-925-3825 or 416-722-8842 (cell)
Nora Loreto, Communications Coordinator: 416-925-3825 or 416-846-6672 (cell)

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