Students in Ontario will save 10 per cent on University and College tuition starting next year

Students will save between $340 and $660 on average per year

The Ontario government intends to slash university and college tuition fees by 10 per cent starting in the 2019/2020 school year, with fees frozen for the 2020/2021 school year.

According to the government, this means that university students will be expected to save $660 on average every year, and college students will save $340 respectively. Although local students will see a price reduction, international students’ tuition will not be reduced and their fees will not be frozen.

As a result of the tuition cuts, Ontario’s university system will lose about $300 million. “Students should remain cautious of reports of a 10-per-cent cut to tuition fees,” the Canadian Federation of Students’ Ontario chapter wrote in a Tweet. “We are concerned about the intentions of this announcement and whether it will make [post secondary education] more affordable.”