Newspaper article The Canadian Press

Facts and Figures on Free Tuition Initiatives from Ontario Government

Newspaper article The Canadian Press

Facts and Figures on Free Tuition Initiatives from Ontario Government

Article excerpt

Facts and figures on free tuition

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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

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