The Postsecondary Education Division implements government strategies for postsecondary education, provides program direction and financial support to postsecondary institutions and students in Ontario in support of the government's social and economic policy objectives with the goal of providing opportunities for excellent, accountable, relevant and accessible postsecondary education.
Key components of the program include operation of the Ontario Student Assistance Program; administering transfer payments to colleges and universities; managing relationships with postsecondary institutions and student groups, managing accountability mechanisms and relevant legislation; regulating the college and private career colleges in accordance with applicable statute; establishes the annual funding framework; administering transfer payments and capital grants; and administering student financial assistance.
VOTE -ITEM # |
STANDARD ACCOUNT BY ITEM AND SUB-ITEMS | |||
---|---|---|---|---|
OPERATING EXPENSE | ||||
3002-1 | Colleges, Universities and Student Support | |||
Salaries and wages | 12,687,200 | |||
Employee benefits | 1,853,800 | |||
Transportation and communication | 1,579,300 | |||
Services | 13,763,800 | |||
Supplies and equipment | 2,865,600 | |||
Transfer payments | ||||
Grants for College Operating Costs | 1,133,739,400 | |||
Grants for University Operating Costs | 2,934,832,200 | |||
Grants for College Health Human Resources Development | 107,800,000 | |||
Grants for University Health Human Resources Development | 53,600,000 | |||
Council of Ministers of Education, Canada | 233,600 | |||
Miscellaneous Grants | 20,100 | |||
Reporting Entities Project | 1,090,500 | |||
Postsecondary Transformation | 189,315,200 | |||
Student Support Programs | 521,734,600 | |||
Ontario/Quebec Exchange Fellowships | 89,000 | |||
Second Language Programs | 1,114,000 | |||
Ontario Trust for Student Support | 50,000,000 | |||
Textbook and Technology Grant | 85,000,000 | 5,078,568,600 | ||
Total Operating Expense to be Voted | 5,111,318,300 | |||
Statutory Appropriations | ||||
Other transactions | ||||
Statutory | Bad Debt Expenses for Student Loans, the Financial Administration Act | 41,540,000 | ||
Total Operating Expense for Postsecondary Education Program | 5,152,858,300 | |||
OPERATING ASSETS | ||||
3002-4 | Colleges, Universities and Student Support | |||
Deposits and prepaid expenses | ||||
Grants for Universities | 198,424,100 | |||
Loans and Investments | ||||
Student Support | 68,300,000 | |||
Total Operating Assets to be Voted | 266,724,100 | |||
Total Operating Assets for Postsecondary Education Program | 266,724,100 | |||
CAPITAL EXPENSE | ||||
3002-3 | Support for Postsecondary Education | |||
Transfer payments | ||||
Capital Grants - Colleges | 100,250,000 | |||
Capital Grants - Universities | 54,809,600 | 155,059,600 | ||
Total Capital Expense to be Voted | 155,059,600 | |||
Total Capital Expense for Postsecondary Education Program | 155,059,600 |