Statement re Ontario’s Postsecondary Funding Boost and Tuition Fee Cap

March 31, 2024

ONTARIO – In order to stabilize the financial burdens of its post secondary students, Ontario has decided to provide a short-term boost in funds to colleges and universities. This decision has also prevented post-secondary institutions from increasing tuition fees for in-province students. 

In the past, the average student loan debt in Canada has exceeded $25,000. With the new implementation of cost reductions, Ontario students will gain the financial stability they have been in need of for many years. The new legislation now requires colleges and universities to provide more transparency for students to understand the institution’s fees.

The $1.2 billion funding boost and tuition freeze extension will directly impact students by providing financial stability and potentially easing the burden of rising tuition costs. However, the allowance for tuition increases for out-of-province students raises concerns about accessibility and affordability for students from different regions.

The FCSS-FESC urges the Ontario government to prioritize long-term, sustainable funding solutions for post-secondary institutions to ensure quality education remains accessible for all students. While the $1.2 billion funding boost is a step forward, it is imperative to address the underlying financial challenges and invest in initiatives that support student well-being, equity, and academic excellence.

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Founded in 2012, the Federation of Canadian Secondary Students / Fédération des élèves du secondaire au Canada (FCSS-FESC) is an entirely non-partisan youth-led charity that strives to advocate for students in secondary schools and CÉGEPs across Canada.

Media Contact: Frank Li, Chief Communications Officer

frank.li@fcss-fesc.ca  / +1 (289) 408-8600 ext. 104