Tyndale Students Can Now Benefit from the Ontario Tuition Grant (OTG)
A recent policy change in the Ontario Legislature has given Tyndale students access to the 30% Off Ontario Tuition Grant (OTG).
“I’m very pleased to hear that Tyndale students, as with other university students from across Ontario, are now able to benefit from this opportunity to receive up to a 30% reduction on their repayable OSAP loans,” said President Gary Nelson. “We want to especially thank our MPP David Zimmer for his diligent support on behalf of our university students.”
Previously only open to students in publicly-funded universities, the government has widened the scope of the grant to include universities that are publicly-chartered, Tyndale being one of them.
The government initiative allows up to 30% of the total amount awarded by OSAP to a student to be treated as a grant instead of a loan, meaning that many university students in the future will graduate with less debt.
In the Ontario Government News Release, Brad Duguid, Minster of Training, Colleges and Universities said: “Expanding eligibility for the 30% Off Ontario Tuition Grant will help ensure that a postsecondary education in Ontario is accessible based on a student’s ability to learn, not their ability to pay. Our government remains committed to supporting one of the most generous student financial aid programs in Canada.”
If a student has been out of high school for less than 4 years and has an OSAP loan, they may be eligible. Students can find out how they qualify by visiting the program website at http://www.ontario.ca/education-and-training/30-off-ontario-tuition.
For any questions on how to apply, students can contact Tyndale’s Financial Aid office at financialaid@tyndale.ca or by calling 416-226-6620 ext. 6738.