Locate in the heart of North America’s third largest metropolitan area, the University of Toronto has much to offer it students. Toronto has a diverse population, and Canada is known for being very open and inviting. The university has produced some of Canada’s most highly honored individuals, counting ten Nobel prize winners in its alumni. As a result of wishing to maintain a high reputation while remaining accessible to prospective students, college programs have been developed. Two primary forms of student aid exist to support a college education. They are the OSAP (Ontario Student Assistance Program), and the Ontario Tuition Grant.
OSAP offers two types of financial support which are either a grant for education or a student loan. The OSAP grant for education application also places a student in for consideration for 30% off tuition. It is open to residents of the province of Ontario who are either a Canadian citizen, a protected person, or a permanent resident. This is not open to international students, but may be applied for an online education. It is comprised of 24 programs which offer support for people in several situations such as those pursuing masters degrees, part-time programs, those on low incomes, as well as support for entrepreneurial ventures for example. These are official government grants for college.
The other major form of aid is the Ontario Tuition Grant, for which OSAP applicants are automatically considered. It is more restricted as as well as not being applicable to international students. Among the requirements are the need to be admitted to a first-time undergraduate college program, parents having an income below CAD 160,000, and having finished high school within four years of the start of the school year. As a result, it is applicable for more than one year.
One might note the absence of financial aid for international students. This is not usual among major universities. While no financial support is provided to international students, they do not have to pay a premium on their tuition. Several countries such as the United Kingdom charge a different rate to foreign nationals. This must be taken into account when choosing where to study.