Ontario is extending for one year a cap of five percent on overall increases to tuition fees at colleges and universities.
In addition, the province will place a moratorium on increasing or establishing flat and deferral fees for 2012-13.
This moratorium will allow the government to work with the sector on a system-wide approach for institutional flat and deferral fees.
The government will consult with institutions, organizations, and students on a new multi-year tuition policy over the next year to be in place for the fall of 2013-14.
This September, the permanent 30 percent off tuition grant will apply to the full school year.
Students in a university or college degree program will save $1,600 while those in college diploma and certificate programs will save $730.
Helping Ontario students with the price of tuition is part of the McGuinty government’s plan to help keep post-secondary education within the reach of all families while building the best-educated workforce in the world.
“Families know that investing in post-secondary education is the key to a successful workforce and a vibrant economy,” said Training, Colleges and Universities minister Glen Murray.
“The McGuinty government believes in supporting families,” he added. “Ontario continues to have one of the most generous student aid packages in the country.
“It’s our plan to eliminate the deficit while protecting education.”
The current tuition framework has been in place since 2006, was extended for two years in 2009-10, and expires at the end of 2011-12.
Deferral fees are a penalty charged if tuition is not paid in advance of starting the school year, which can affect OSAP students.
Flat fees are sometimes charged for programs no matter how many courses a student takes.