College students are pleased the Ontario government’s 2015 budget includes the adoption of a key recommendation put forward by the Niagara College Student Administrative Council Inc. (NCSAC) through the College Student Alliance (CSA) on student support.
The government will be removing the student-owned vehicle asset exemption from OSAP’s needs assessment process. This means a student won’t face cuts in OSAP funding if the student owns a vehicle, as was previously the case. The recommendation to remove this exemption was in CSA’s 2015 pre-budget submission, “Strengthening Ontario’s College System for Students.”
“We’re very pleased that the voices of college students across Ontario have been heard and are helping to provide direction in the government’s strategy going forward to ensure access to a quality post-secondary education,” says Shane Malcolm, President of the NCSAC. “The adoption of CSA’s recommendation of eliminating the student-owned vehicle asset exemption from OSAP’s needs assessment process has the potential to benefit 356 Niagara College students. Prior to the 2015 Budget, these students would have been negatively affected due to the value of their vehicles.”
Currently, post-secondary students who own a vehicle receive less funding if the cost of their vehicle is over the allowed limit. By eliminating this process from OSAP, the Ontario Government is providing additional aid to over 7,300 college students.
An example cited in CSA’s pre-budget submission highlights a Sudbury student who had his OSAP funding reduced by $600 for every $1,000 that his vehicle was higher than the vehicle asset exemption threshold. The removal of the student-owned vehicle asset exemption will particularly benefit students living in Northern, rural and suburban areas as public transit is not an option in many of those communities.
“This year’s budget serves to improve the quality and accessibility of post-secondary education in Ontario. Quality education clearly remains a funding priority and we’re happy the government is investing in Ontario’s college students,” says Matt Caron, Director of Advocacy, CSA. “The inclusion of CSA’s recommendation of eliminating the requirement for students to report their vehicle as an asset will create opportunities for current and potential college students, making post-secondary education more accessible.”
For more information on the NCSAC or to view the CSA’s 2015 Pre-Budget submission, visit: www.collegestudentalliance.ca.
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Name: Shane Malcolm
President – NCSAC
Phone : 905-735-2211 ext. 4226/7256
Communications Manager – CSA