News and Announcements

Ontario Budget: Improving Access to Postsecondary Education

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.

Key changes to tuition fee payment and deposits

Niagara College no longer charges $50.00 deferral fees or installment charges.

Niagara College previously had different deposit amounts for OSAP, non-OSAP, and RESP students. All students now pay a consistent $500.00 deposit once per year.

Full fee due dates have moved later in the cycle, allowing students more time to pay and ensuring OSAP applicants have an opportunity to access those funds in time for full fee payment due dates.

  • What is the amount of my non-refundable deposit?
    $500.00 for all students. Niagara will consider a sponsorship letter to hold your seat in your program. This includes Second Career and WSIB students.
  • What happens if I withdraw?
    Students/applicants may withdraw from the college at any time, but there are varying impacts depending on date withdrawn. Withdrawing before fees are due, by the 10th day of class, and before the 10th week of class have different impacts on refunds and grades. Please check with the Registrar Office and see Refunds and Withdrawals.
  • What will be the amount of my refund?
    Students withdrawing before the 10th day of class will receive a full refund of tuition and ancillary fees less the $500.00 non-refundable deposit. Students withdrawing after the 10th day of classes will have no refund for the current term. Payments towards future terms will be refunded in full.
  • How does this impact me if I am receiving OSAP?
    OSAP students now have more time to pay full fees with no deferral charges for paying later in the term. However, OSAP students are required to pay a non-refundable tuition deposit to guarantee their seat in their program.
  • How does this impact me if I am a student sponsored by another agency?
    Niagara College will consider a sponsorship letter to hold your seat in your program. However, that sponsorship letter must be received by June 15.
  • What are my choices for payment method?
    Please see fee payment options.

Why are these changes taking place?

The tuition fee framework from the Ministry of Training, Colleges, and Universities has changed in 2015-16, eliminating deferral fees and installment charges, as well as changing the dates colleges may request full fees. It has also changed the expectations for the commitment to Colleges in the form of the non-refundable deposit.

What if I am having difficulty with making the tuition deposit amount on time?

In developing the Ministry policy, OSAP representatives and student representatives were part of the taskforce helping develop the policy. OSAP funding is designed as a supplement and the OSAP program includes an expected financial contribution from students: http://www.ontario.ca/education-and-training/osap-definitions. Students unable to meet the payment deadlines and/or amount will be considered individually. Students with exceptional circumstances (Crown Ward, Ontario Works, other exceptions) may have alternative options.

When did this change?

The framework is effective for the 2015-2016 academic year. Niagara is committed to assisting students in transitioning in the new framework, and will continue to post updates to this site.

How are international students impacted?

International students have different payment guidelines including due dates and amounts required. Please check niagaracollege.ca/international for details.

What does this mean for a student starting in January or May?

Please refer to the fee due date tables for impacts to January and May start programs.

Is this a Niagara College change only?

No. This new tuition framework affects all colleges and the interpretation of the Ministry Policy is largely consistent across the province.

 

Students Enrolled in a Program with 3 Consecutive Terms – Fall 2015, Winter & Spring 2016

An email with Important Information about OSAP Funding & Payment of your Tuition Fees for 2015/16 has been sent to the email address listed in your OSAP application. OSAP funding will NOT be disbursed for your Spring 2016 Term. Please budget accordingly to ensure that you have sufficient funding to pay your Spring 2016 tuition fees. In order to register and select your timetable for Spring Term your fees must be paid in full by April 4, 2016.

Continuation of Interest Free Status Form (CIFS)

If you are a previous or current OSAP recipient who will be on a Co-op Term in Fall 2015 or Winter 2016 you will need to complete a CIFS. This form allows us to confirm your status as a full-time student & ensures that your loans remain interest free & in good standing.

This form is available online or through the Financial Aid office at the campus you are attending. Please complete and submit the form to the Financial Aid Office at your earliest convenience.