As a backup to the former premier, a seven member advisory panel was announced: Leslie Church, Ian Davidson, Bill Davis, Don Drummond (economist), Inez Elliston, Richard Johnston and Huguette LaBelle.
The final report called for deregulation of tuition fees and the introduction of a scheme to finance university and college education - income-contingent loan repayments.
The report also called for an increase in public funding of colleges and universities - about half of what had been cut in the past decade, as well as upfront grants for students who come from households with an income of less than $22,000 per annum.
(The Rae administration cut back on social services as a whole in the early nineties to reduce the deficit caused by the recession.)
Upon its release the report was criticized by Howard Hampton, Rae's former cabinet minister and successor as Ontario NDP leader.