I’m curious about the OSAP change of grants to loans. Everything I’ve seen says the proportion of grants will go from 85% to 25%. Is that because the new $6b of funding is increasing the proportion of loans, or is it just a fuck you to the next generation that will have to deal with an even higher debt burden?
I think it’s the latter, because other reporting states much of the 6b will be for research, which doesn’t really help undergrads.
From the generations that could still pay for their education with summer and part-time jobs. I bet they are so disconected they think it’s still possible.
Let’s take the average cost of school and residence in Ontario: $86k for a four year undergraduate.
Let’s go with 8 months of part time work (8hr weeks), and 4 moths of summer work (40 hr/weeks).
That gives us 8 months x 4 weeks x 8 hours x 4 years: 1,024 hours part time. 4 months x 40 hours x 3 years: 480 hours summer work.
Total hours: 1,504.
Ontario minimum wage is $17.60, so that’s $26,470 over the course of studies.
The average cost of an undergraduate degree is $86k, over three times that. In order to make that same 1504 hours be sufficient, you’d need an salary closer to $57/hour.
Let’s look at it another way, let’s take that $86,000 and see how many hours you’d need at a generous $30/hr: 2,850 hours.
Let’s max out the summers at 70 hours, a very loaded schedule: that takes care of 840 hours. So you’d still need 2,010 over the 8 semesters. Or 16 hours a week. Fucking ridiculous workload, even at nearly double minimum wage.
The funding increase mostly covers his previous cuts if we ignore inflation.
6b is not enough to offset the loss of international students and so this is required to make up the difference. There aren’t enough grants to go around.
