Free Tuition For Ontario Students Whose Families Make $50K Or Less

HuffingtonPost.ca – Living
02/25/2016.   By Paola Loriggio, The Canadian Press

TORONTO — University and college will soon be free for students from low-income families and more affordable for those from middle-class homes. The Ontario government’s 2016 budget includes a complete overhaul of the province’s current assistance program, which Finance Minister Charles Sousa called “complex and convoluted.” The minister said the new system will be more accessible but cost taxpayers roughly the same amount. Here’s what the changes will mean for some of those who qualify:

University student living at home, tuition $6,160, family income of $45,000:

Total expenses: $12,608

Total assistance: $9,607 (down $1)

Grant: $6,860 (up $3,109)

Loan: $2,747 (down $3,110)

University student living at home, tuition $6,160, family income of $40,000, scholarship worth $5,000:

Total expenses: $12,600

Total assistance: $7,837

Grant: $6,050 (up $2,299)

Loan: $1,787 (down $1,079)

University student living in residence, tuition $6,160, family income of $80,000:

Total expenses: $18,000

Total assistance: $15,000 (up $2,257)

Grant: $6,042 (up $699)

Loan: $8,958 (up $1,558)

Parents no longer expected to contribute

College student living at home, tuition $2,768, family income of $40,000:

Total expenses: $8,900

Total assistance: $5,914 (same)

Grant: $5,383 (up $2,612)

Loan: $531 (down $2,612)

College student living at home, tuition $2,768, family income of $80,000:

Total expenses: $8,900

Total assistance: $5,914 (up $1,533)

Grant: $3,468 (up $1,827)

Loan: $2,446 (up $294)

Parents no longer expected to contribute

MORE:
Free Tuition Ontario: < http://www.huffingtonpost.ca/news/free-tuition-ontario/ >
Free Tuition Ontario University: < http://www.huffingtonpost.ca/news/free-tuition-ontario-university/ >
Free School Ontario: < http://www.huffingtonpost.ca/news/free-school-ontario/ >
Free Tuition Ontario College: < http://www.huffingtonpost.ca/news/free-tuition-ontario-college/ >
Free Post Secondary Tuition Ontario: < http://www.huffingtonpost.ca/news/free-post-secondary-tuition-ontario/ >
Ontario Free Tuition: < http://www.huffingtonpost.ca/news/ontario-free-tuition/ >
Ontario Free Tuition University: < http://www.huffingtonpost.ca/news/ontario-free-tuition-university/ >
Ontario Post Secondary Free Tuition: < http://www.huffingtonpost.ca/news/ontario-post-secondary-free-tuition/ >
Free Tuition in Ontario: < http://www.huffingtonpost.ca/news/free-tuition-in-ontario/ >
Free Tuition in Canada: < http://www.huffingtonpost.ca/news/free-tuition-in-canada/ >
Video: < http://www.huffingtonpost.ca/news/video/ >
What’s Working: < http://www.huffingtonpost.ca/news/canada-whats-working/ >

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