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
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)