Ontario post-secondary students will get some financial relief in the near-future, as the Ontario government plans to introduce a new tuition framework that will reduce tuition fees by 10%.
According to the Canadian Press, a formal announcement is expected this Thursday, where the Ontario PC government will introduce a new tuition fee framework that will take effect in 2019/20 and promises no additional increases in 2020/21. Under the new framework, arts and science undergrads would save an average of $660.00, while college students will save about $340.00.
International students will not benefit from the new policy, as tuition fees for foreign students are unregulated in Ontario -- there is no limit on tuition increases at universities, while college tuition increases are capped at 20% per year.
The current tuition framework, originally introduced in 2013, is set to expire at the end of the academic year and limits tuition increases to a maximum of 3% per year. In a memo to CTV News, the Ontario government plans to monitor colleges and universities to ensure that institutions are compliant with their new framework and passing along reductions to students.
However, it’s unclear how the cuts will impact other areas of study. Tuition fees account for approximately 50% of revenue at most Ontario universities and the reductions will be directly absorbed by institutions. As a result, fees from other sources of revenue, such as textbooks or on-campus amenities, could rise in order to make up the difference.
According to Statistics Canada, 2018/19 undergraduate tuition fees in Ontario range from approximately $7000.00 to upwards of $40,000.00, depending on the field of study.