November is Financial Literacy for all Canadians! Being financially knowledgeable is essential for all for our well-being and the economy as a whole. It is important for students to form a strong foundation to ensure their future financial success. This year, make it your personal goal to invest in your financial well being.
Our office will be hosting a week long of events at the lobby of the main building where we will give you tips on better managing your money, frequently asked questions and we will also be giving out prizes, so make sure to come by November 12-16.
The financial consumer agency website for resources on preventing debt, saving and better managing your money:
OCAD U students were given a first-hand demonstration of the new online OSAP calculator by the Honourable Mitzie Hunter, Ontario’s Minister of Advanced Education and Skills Development. The calculator, launched in January of this year, gives students a preview of estimated tuition costs for each applied program and the estimated amount covered by the Ontario Student Assistance Program (OSAP). According to the Ministry, over 225,000 full-time Ontario college and university students are receiving free tuition through this expanded program.
Hosted at the Student Services Centre at OCAD U, Minister Hunter was joined by MPP Han Dong and Ministry staff in presenting changes to OSAP and the application process. Students offered their own examples of experiences with financial aid, and the Minister incorporated their numbers in generating estimates with the calculator. Students were reminded to re-apply each year, and to seek out staff in Financial Aid and Awards to discuss their particular situations.
Minister Hunter and MPP Dong were also given a brief tour of the 5th and 6th floor Student Services Centre by President Sara Diamond; Vice-President, Academic, Gillian Siddall; Vice-President Students and International Deanne Fisher and Manager of Financial Aid and Awards Andre De Freitas.
Submitted by npavlenko on January 25, 2018 - 11:37am
July 2017’s OCAD U Insider e-newsletter contained information about the structure and delivery changes to the Ontario Student Assistance Program (OSAP). These changes are aimed at increasing access to post-secondary education for students from low- and middle-income families, by making average tuition for the majority of eligible students (whose parents make a combined household income of less than $50,000 per year), free.