Ontario Invests in Skills and Knowledge

    TORONTO, May 14 /CNW/ -


    Ontario is committed to ensuring that students have the opportunity to
reach their full potential, so they can help the province compete and win in
today's knowledge-based economy.
    Over the last five years, Ontario's investments in postsecondary
education have helped to boost annual enrolment in colleges and universities
by 100,000 students.
    To ensure students continue to receive a high-quality postsecondary
education, the province is providing colleges and universities with an
additional $150 million in one-time operating funding this year.
    Toronto's Ryerson University, the University of Toronto and the Ontario
College of Art and Design have received about $23.6 million of this additional
operating funding:

    - Ryerson University: $7.2 million
    - University of Toronto: $16 million
    - Ontario College of Art and Design: $397,956


    Through the government's Reaching Higher investments, operating grants to
universities and colleges have increased by $1.7 billion, or about 63 per
cent, since 2002-03.
    Some of the other results of Reaching Higher include:

    - Postsecondary enrolment is growing five times faster than it did in the
    - Thirty-nine per cent of 18 to 24-year-olds are attending college or
      university today - up from 35 per cent in 2002-03.
    - One-hundred, sixty-eight thousand students are benefiting annually from
      improvements made to 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.
    - One in four, or about 120,000 students in Ontario, is receiving a non-
      repayable grant.
    - 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.

                                                      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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