Ontario’s student financial aid system is set to undergo its most significant changes since 2019. The province announced the changes last week alongside a $6.4 billion postsecondary funding commitment, describing the reforms as a step toward long-term sustainability. For low-income students, added costs will be offset through the Student Access Guarantee, which ensures tuition, books and mandatory fees are covered if OSAP funding falls short. For example, a student who previously received $10,000 in OSAP funding could have received up to $8,500 as a non-repayable grant. The OSAP changes are part of a broader $6.4-billion investment over four years, intended to stabilize Ontario’s postsecondary sector.

Source: National Post February 20, 2026 19:01 UTC