The government is transforming student financial assistance to make postsecondary education more accessible and affordable. To help more students qualify for grants and access the student loan system, the government will create a single major upfront grant starting in the 2017–18 school year. These changes will ensure that financial support is transparent, timely and targeted to those students with the greatest financial need.
To read more about the proposed actions please visit: http://www.fin.gov.on.ca/en/budget/ontariobudgets/2016/bk1.html
The Ministry of Training, Colleges and Universities has also provided some responses to frequently asked questions about the impacts of the new budget with respect to OSAP and financial aid.