Ontario students and families can breathe as the provincial government has extended the tuition freeze through 2023 announced on Wednesday.
The freeze will provide financial relief and predictability for students and families seeking access to affordable post-secondary education according to the Ontario Government.
“Our government recognizes that students and their families make huge sacrifices to attend college and university, so our government will continue to look for ways to reduce financial barriers for learners,” said Jill Dunlop, Minister of colleges and universities. “By freezing tuition for another year, we are saying yes to ensuring that students have access to affordable, high-quality postsecondary education and reducing the financial strain on families who have already faced so many challenges throughout the pandemic.”
The one-year extended tuition freeze for Ontario residents builds on Ontario’s 10 per cent reduction in tuition for the 2019-20 academic year, and the subsequent two-year freeze from 2020-22.
The freeze has provided students with tuition relief of about $450 million annually when compared to tuition costs in 2018-19 according to a press release.
“Increasing the affordability of college and university is part of Ontario’s plan to help people get the training they need to get good-paying jobs,” said Minister Dunlop. “By extending the tuition freeze, we will ensure that students can get the skills they need to succeed in a highly-competitive global economy.”