Financing Your Graduate Education

Daiva Nielsen

Securing adequate funding for your studies is an essential component of successfully completing your graduate degree. There are numerous programs in place to ensure you thrive during your time at the University of Toronto.   

How it Works For Your Program


U of T is committed to the financial support of graduate students in doctoral-stream programs. For eligible students, funding packages consist of an amount equal to the cost of academic tuition fees plus a $15,000 stipend.

Students in professional master's and doctoral programs typically self-fund their educational expenses through a variety of programs including student loans, student line of credit, and employment income. Students may also be eligible for a limited number of graduate awards made available through their graduate units and various external agencies.

Financial Support for Research-Stream Graduate Programs

The University of Toronto is fully committed to providing financial support for students in doctoral-stream programs (MA, MSc, MASc, and PhD). Consult your program for details.

If you are a research master's or PhD student, the amount of your funding package, the number of years you will receive it, and how the funding is composed will depend on your specific program. For detailed information on funding commitments including values, number of years of funding and payment details, see the Graduate Funding Structures document.

In most cases, you'll receive a detailed breakdown of your funding package at the beginning of each academic year. Each Faculty has its own funding arrangements, which are administered by the respective graduate units. Across U of T, at minimum, funding packages include academic tuition fees plus a stipend of $15,000. Your funding package may be comprised of a combination of the following: U of T fellowships, scholarships or awards, and teaching and research assistantships.

Please note that financial support is not a guarantee, and conditions may vary among programs. Check with your graduate unit for full details.

Financial Resources for Professional Graduate Programs

Students in professional master's and doctoral programs fund their studies through a variety of programs. Many students apply for government student loans such as OSAP or other provincial loans. Student who are eligible for government loans may also qualify for UTAPs—a grant provided through the University of Toronto. Students registered in selected professional graduate programs may be eligible for further assistance through the Scotia Professional Plan for Students. A number of graduate units have selected awards available to students in professional programs. To see if you qualify, please consult with your graduate unit.

For additional funding options for professional graduate programs, please see below or visit the Financial Aid web page.

Graduate Awards Office


The Graduate Awards Office (GAO) at the School of Graduate Studies provides administrative support for a wide range of scholarship and financial aid programs. Whether you've just received an award or you're looking for financial support to attend a conference, the GAO can provide advice and assistance.

Awards & Scholarships

Apply for Awards

While some applications are submitted directly to the GAO, most competitions require that graduate units set local deadlines, receive applications, and conduct an internal selection process prior to sending their top applications forward to be centrally adjudicated at the School of Graduate Studies. View award competitions to see what's available.

Manage Your Award

Need to accept, activate, move, renew, interrupt or cancel your award? Award Officers at the GAO can provide the advice you need to navigate the cycle of your scholarship. Find easy instructions and forms to manage your award.

Set Up Direct Deposit

Adding banking information to your SWS account is the quickest and easiest way to receive funding from the University. Find out how to set up direct deposit by watching this short demo video.

Financial Aid Programs & Counselling Services

Even the best financial plans can be disrupted by emergencies. The Graduate Awards Office administers a variety of Financial Aid Programs designed to assist with students who encounter an unanticipated serious financial emergency. It is not considered to be a source of routine or long-term funding. Some of the programs include the emergency grant and loan programs, the accessibility bursary, and the Master's Tuition Fee Bursary

Financial counselling is available to assist you in many aspects of managing your educational expenses, budget and planning. Our financial counsellor can provide information and direction on various financial aid programs such as student loans, University of Toronto grants, and other opportunities.

Contact


Graduate Awards
School of Graduate Studies
Room 202, 63 St. George Street
University of Toronto
Toronto, ON M5S 2Z9

Telephone: 416-946-0808  
Fax: 416-971-2864  
graduate.awards@sgs.utoronto.ca