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Podcast: Closer Look
Episode: Are you a student who depends on OSAP? Your debt load is about to soar
Description: Are you one of the many Ontario students who rely on OSAP to help cover tuition? Brace yourself.The Ford government has announced billions in new funding for colleges and universities, but the cash comes in tandem with a drastic overhaul to the Ontario Student Assistance Program (OSAP).Until now, approximately 85 per cent of OSAP assistance came in the form of grants, while the other 15 per cent were loans. Under the new system, the grant portion will be capped at just 25 per cent.Bottom line: OSAP recipients will now have much bigger debt...