What you need to know about Ontario's new OSAP oversight measure

The minister responsible proposes tighter rules for private colleges and universities. To crack down on fraud, prevent abuse before it occurs, and require transparent, student-focused results. It includes a cap on enrollment growth for students on OSAP. This comes after some schools had an explosion in student loan applications in recent years, making predominantly online programs ineligible for OSAP. Restricting relationships between career colleges and organizations such as immigration and recruitment firms. And making private schools liable for their students' loans. In February, the government stopped OSAP grants for these private schools. Then, last month, paused all loans due to fraud concerns, even calling the OPP. An audit is ongoing, but schools around for decades say they and their students are being punished. So when could the loans restart? This legislation is bringing back the guardrails that are needed. It's going to bring back the confidence that we need to be able to release taxpayer dollars to the students. By the new year, I have confidence that we will have taxpayer dollars flowing in OSAP to students. If there's ever been a piece of cover-your-ass legislation, this is going to be it. He says the government pushed more money to private career colleges even after red flags were raised. Court documents show Career Colleges Ontario first warned the government about issues more than three years ago. Opposition parties want OSAP loans brought back right away. Just start doing it right now. It's not rocket science. You know that roughly 80% of the colleges are okay. Southern Ontario Dental College, which trains hygienists and assistants, is among the schools that have warned without the money from OSAP, they're in trouble, with potential closure next month. A food bank now on site for students. This single mom hoping the money comes through in time for her and her school. I was already prepared to pinch pennies, but I wasn't prepared for this type of penny pinching, that's for sure. Stressed and a little overwhelmed, and today felt like the day to cry, but, you know, we're kind of making it work and banding together. Minister Quinn says he'll introduce his new legislation on Monday. Lorenda Reddick-Hopp, CBC News, Toronto.