Ontario extends college and university tuition freeze – Wawa-news.com
Ontario government extends one-year tuition freeze for colleges and universities for another year, providing more financial relief and predictability for families and students who want to access affordable post-secondary education .
âStudents and their families make significant sacrifices to attend colleges and universities,â said Ross Romano, Minister of Colleges and Universities. âFinancial uncertainty due to the COVID-19 pandemic further underscores the need to keep college and university programs affordable. By freezing tuition fees, our government continues to reduce the financial pressure on families’ wallets.
One-year tuition freeze for Ontario residents builds on historic 10% Ontario tuition reduction in 2019-2020 and one-year tuition freeze in 2020 -2021, making post-secondary education more affordable for Ontario students and their families. These cuts represent the first of their kind in Ontario history. The measures taken by the government to reduce and freeze tuition fees allowed students to benefit from an annual relief of approximately $ 450 million from tuition fees in 2018-2019.
“It is essential to Ontario’s economic recovery that today’s students and the leaders, innovators and workers of tomorrow are able to acquire the skills they need to succeed in a highly competitive global economy,” said Minister Romano. âThe extended tuition freeze will ensure Ontarians have affordable access to our world-class post-secondary education system and provide financial support to our families.
In addition to the freeze, the tuition fee framework for out-of-province domestic students will revert to a system similar to the previous framework with the option of a 3% increase in 2021-2022.