Here's a breakdown of what the Doug Ford government is changing for Ontario universities and colleges

Here’s what you need to know about the changes being made to Ontario's universities and colleges.

The Ontario government announced Monday it would be providing struggling colleges and universities with nearly $1.3 billion in funding while also freezing tuition fees for another three years.

Post-secondary institutions will have the ability to increase tuition for out-of-province domestic students, or Canadians living outside of Ontario, by up to five per cent in 2024-2025.

The government will also make a number of changes through new legislation, which would give the Minister of Colleges and Universities the power to issue directives requiring institutions to provide more information about student costs.

Here’s what you need to know about the Strengthening Accountability and Student Supports Act:

Here is how the funding will be divided:

The government says the tuition fees, which were reduced by 10 per cent in 2019, have saved students and parents an estimated $1,600 per year for university, and an estimated $350 per year for college.

Colleges Ontario has previously asked for a five per cent bump in tuition as well as a 10 per cent increase in operating grants.