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McGuinty Government Investing In Postsecondary Education So Students Can Reach Higher: Historic Investment Will Deliver New Jobs And Economic Growth

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McGuinty Government Investing In Postsecondary Education So Students Can Reach Higher: Historic Investment Will Deliver New Jobs And Economic Growth

Historic Investment Will Deliver New Jobs And Economic Growth

Office of the Premier

TORONTO -- The government's $6.2-billion investment in postsecondary education and training is key to building a stronger Ontario, said Ontario Premier Dalton McGuinty.

"Ontario will only reach its goals if we choose the right course. Investing in the education and skills of our people is the right course for our society, for our economy, for our families and our future," said Premier McGuinty. "That's why we have made success for students our most important priority."

Under Reaching Higher: The McGuinty Government Plan for Postsecondary Education, the government will invest $6.2 billion more on postsecondary education and training between now and 2009-10. Highlights include:

  • Increasing financial aid for 135,000 low- and middle-income students starting this year
  • Reducing the contribution parents of dependent students are expected to make. For example, a family of four earning $70,000 with one child in university would have their parental contribution reduced by almost $2,000 -- a 46 per cent savings
  • Significantly increasing the number of students enrolled in postsecondary education
  • Expanding medical education spaces by 15 per cent
  • Increasing the number of new apprentices to 26,000 annually by 2007-08.

Speaking at Ryerson University, Premier McGuinty told students that the government's plan will freeze tuition for the second consecutive year, help colleges and universities hire more faculty and allow more students to go on to grad school.

"Our government is passionate about learning for Ontarians. We understand that education is the foundation for citizen engagement and a strong democracy," said Premier McGuinty. "It enriches the enjoyment of our lives and it's essential to our economic success."


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