Ontario Extends OSAP Funding To York Students
McGuinty Government Supporting Students' Return To Class
Ontario is providing extra financial help to Ontario Student Assistance Program recipients affected by the recent strike at York University.
The government will extend payments to students receiving aid through OSAP to cover their additional expenses for the longer study period.
For students in a typical two-term study period, the first $7,000 of their OSAP support for the academic year is provided as a repayable loan. Any assistance above $7,000 is provided as a non-repayable Ontario Student Opportunity Grant.
About 13,000 York students are expected to benefit from this OSAP extension. About 5,300 of these students will not be required to repay this assistance, as they will qualify for an Ontario Student Opportunity Grant.
York University announced additional support for students through a $5-million bursary program to help them complete the academic year, as well as provide assistance for next fall. In addition, York will allow students to drop a course and transfer those tuition fees toward another course over the next year. York will also be extending housing in residence at no additional cost.
The federal government will be making supplementary loan funding available to eligible students.
- The government is providing up to $6 million in additional funds to York students through this OSAP extension.
- OSAP funding will be extended to June 2, 2009, the end of York’s winter exam period.
“We want to ensure students at York who are receiving OSAP get the help they need to complete their studies this year. By providing this additional financial support, we can ensure these students focus on what’s most important – succeeding in the classroom.”