I do expect that many students will very seriously reconsider attending post-secondary education because of the costs. That is one of the reasons we are asking for students' expected income and spouses' contributions to also be waived in the 2021-22 academic year. When you apply for programs like OSAP in Ontario, you have to declare your parents' income, and those are for tax years that would not have been impacted by COVID-19.
On June 12th, 2020. See this statement in context.