Award Instalments
What are Award Instalments?
Students may receive their funding in a variety of ways. SGS Award money is paid out in instalments. Smaller awards (eg. $5,000 or less) are usually paid out in one instalment, while larger awards, like the federal awards, are set up in three instalments. Payments are processed on ROSI at the beginning of each session: September, January and May.
Who initiates these instalments?
Awards such as SSHRC, NSERC, CIHR Masters, OGS, and some restricted awards are set up by SGS. University of Toronto Fellowships (UTFs) are created by faculties and/or graduate units.
When should I expect payment, and in what form?
We strongly urge students to set up direct deposit by logging in to your ROSI account and adding your banking information. Direct deposit will ensure that you receive your payment(s) quickly. As well, cheques may be lost and need to be cancelled and replaced, which will result in a further delay of your payment.How do I register for Direct Deposit?
Step 1
After you log on to ROSI, select Personal Information.
Step 2
Once in Personal Information select Direct Deposit and follow the instructions.
Most award funding will be set up by your graduate unit or your faculty; this includes University of Toronto Fellowships (UTFs). Each unit or faculty will have a preferred way they handle award instalments, including how many instalments and the amount of funding assigned to each instalment. If you are receiving funding from your department, please check with your graduate administrator regarding the payment schedule.
Students who receive teaching or research assistantships are considered employed for that portion of their funding. This type of funding results in a monthly payment of funds.
SGS award payments are made 3 times a year in September, January and May. September award payments (for both internal and external awards) are refunded directly to you. Fees are not deducted from your September award instalment unless you have arrears. May and January award instalments will be posted to your fees account and automatically put towards tuition and/or any outstanding charges.
Please note that you can contact Student Accounts at info.studentaccount@utoronto.ca at any time to request a refund of a credit balance.
Please check your award offer letter (if applicable) - or the individual award program information available in this website - to find out more about the "terms and conditions" of your award.
University of Toronto Fellowships
UTFs provide financial support for graduate students with excellent academic standing. They may also be given out as a “tuition scholarship” or a “top up award” for those receiving a major external award. The value of this award is determined by your department. Normally the award will be cancelled or reduced for those receiving other major scholarships.
Students do not need to apply since they are automatically considered for the Fellowship provided they apply for admission to the graduate unit before its deadline. Fellowships are typically awarded for one academic year at a time. Payments for students may begin as early as September 1 and are paid over three terms (September, January and May).
Contact your graduate unit for more details regarding UTFs.