BRANTFORD, ON, Mar. 31, 2020 – The Ontario government announced it is taking measures to reduce the financial burden for students during the COVID-19 crisis.
This afternoon, the Premier and Minister of Colleges and Universities announced a 6-month deferral of all OSAP loan payments, including federal and Ontario portions of student loan payments. The interest-free moratorium will be in place until September 30, 2020.
The deferral applies to students who will soon graduate or have recently graduated and will put a hold on collections, interest and payments.
Career Colleges Ontario (CCO) is a not-for-profit association that was established in 1973 to advocate on behalf of career colleges in the province of Ontario. The association’s purpose is to help governments, key decision makers and the public understand the critical role its members and their students play in supporting Ontario’s post-secondary education system and improving the province’s economic well-being. CCO’s members contribute to Ontario’s economy by providing highly qualified graduates in hundreds of essential, skilled fields such as Applied Arts, Business, Healthcare, Human Services, Information Technology, Services and Trades.
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DISCLAIMER: CCO is not providing healthcare advice. We are not holding ourselves out to be or representing ourselves as persons who may provide healthcare services. Readers are urged to consult their own professional advisors for further confirmation and further information.