30% off University Tuition. Really!

by | Jan 9, 2012 | Cash Flow Concerns, We Think You Might Enjoy...

Caring for Clients

Effective January 5th, 2012 students in Ontario are getting a financial boost from the provincial government.

Students in a university or college degree program will save $1,600, while students in college diploma and certificate programs will save $730. These amounts are 30% of the average tuition in Ontario, which is the formula being used to establish the amount.

Your children are eligible if they are:

  1. A full-time student at a public college or university in Ontario
  2. It’s been less than four years since they left high school
  3. They are in a program that they can apply to directly from high school
  4. Their parents’ gross income is $160,000 or less
  5. They are a Canadian citizen, permanent resident or protected person
  6. They are an Ontario resident

The deadline to apply for the term starting January 2012 is March 31, 2012.

How to apply

If your child already receives OSAP no application is necessary. They will be automatically considered and the student will receive the grant by cheque or direct deposit by the end of January.

For those that do not receive OSAP, an application must be completed and requires the following information:

  1. Student’s Social Insurance Number
  2. Parents’ Social Insurance Number(s)
  3. Line 150 from each parents’ 2010 tax return (if a 2010 tax return has not been filed yet, the grant will not be available)

Then you’ll need to:

  1. Register for an OSAP Access Number
  2. Fill out and submit the online grant application
  3. Print the declaration and signature pages which the student and parents sign.
  4. Mail or fax the signed pages to

Student Financial Assistance Branch
Ministry of Training, Colleges and Universities
P.O. Box 4500
189 Red River Road, 4th Floor
Thunder Bay, ON P7B 6G9
Fax: (807) 343-7278

For more information, check the FAQ’s or call the toll-free hotline at 1-888-449-4478.

Rona Birenbaum is a certified Financial Planner and is licensed to do financial planning. Rona is registered through separate organizations for each purpose and as such, you may be dealing with more than one entity depending on the products purchased. Rona is registered through Caring-for-Clients for financial planning services. This website is not meant as a solicitation for financial advisory services. Financial advisory services are available through the facilities of Queensbury Strategies Inc. Financial Planning is not the business of or under the supervision of Queensbury Strategies Inc. and Queensbury will not be liable or responsible for such activities.