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Ontario government says it is reducing financial barriers to post-secondary education

The Ontario government is reducing financial barriers for full-time students attending post-secondary education. Starting today, those most in need can apply to the Ontario Student Assistance Program (OSAP) for the 2020-21 school year.

“Investing in higher education is one of the most important investments a person can make in their future,” said Ross Romano, Minister of College and Universities. “To help ensure today’s students, and tomorrow’s entrepreneurs, innovators and workers can obtain the skills they need to succeed in a highly competitive global economy, our government is helping to remove the financial barriers to postsecondary education.”

For many students, the loans they receive from OSAP are their first major financial commitment. To support a greater understanding of the program and the responsibilities as an OSAP recipient, applicants will be required to complete an information module that highlights basic information about the student assistance program and financial literacy. This is knowledge students will need to make informed financial decisions today, and throughout their lives.

During this unprecedented period, the government is providing a six-month temporary deferral of OSAP loan payments and interest accrual on OSAP loans from March 30-September 30, 2020 to support OSAP borrowers in good standing. The province has also worked with post-secondary institutions to support virtual learning and virtual exams.

The government is now preparing for the 2020-21 school year by working closely with the province’s colleges and universities to ensure students receive the high-caliber education and training they need to obtain rewarding careers. Acting on the advice of the Chief Medical Officer of Health, Ontario’s postsecondary institutions are developing their plans for the fall term – exploring a range of delivery options depending on the trajectory of COVID-19.


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Louise Sproule

Louise Sproule has been the publisher of The Review since 1992. A part-time job after high school at The Review got Sproule hooked on community newspapers and all that they represent. She loves to write, has covered every kind of event you can think of, loves to organize community events and loves her small town and taking photographs across the region. She dreams of writing a book one day so she can finally tell all of the town's secrets! She must be stopped! Keep subscribing to The Review . . . or else!

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