TORONTO – The Ontario government is lowering the cap on average tuition fee increases for public post-secondary institutions over the next four years.
Under the new framework announced today, annual fee increases will be capped at an average of three per cent.
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Previously, colleges and universities were allowed to hike tuition by an average of five per cent.
The province says the fee system can still be flexible – with some programs increasing more and some less as long as an institution’s tuition increases average three per cent a year overall.
Tuition for professional and graduate university programs and high-demand college programs may be increased by up to five per cent – down from eight per cent previously.
Brad Duguid, Minister of Training, Colleges and Universities says the new tuition policy “strikes a balance” between increasing affordability for students while helping institutions with long-term financial stability.
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