Unfunded 10% Tuition Fee Reduction will result in an approximate 4% cut to university budgets. Universities will be under pressure to outsource, cut services, increase precarious employment, and/or lay-off staff. Regressive OSAP changes will result in massive increased student debt and increased burden for mature students. Elimination of Rand Formula-style funding for student unions. Optional student union dues, ancillary fees, and democratic levies could bankrupt.
Access to post secondary education is a critical part of responding to the COVID-19 crisis and ensuring a successful social and economic recovery. Unfortunately, decades of government funding shortfalls have created barriers to accessing education. Ontario students pay some of the highest tuition fees in the country and graduate with an average $28,000 in debt.