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Going to university and getting your degree has many benefits to your personal development and career opportunities. Planning your finances is as essential to the success of your academic career as planning your courses and getting good grades.
Many students rely on more than one financial resource to help them pay for tuition and other expenses. When your primary source of funding is not enough to cover all the expenses, you need to find additional sources. Our team of financial aid specialists can help you with your budget as well as identifying additional funding opportunities.
You may be eligible for financial support from U of T. First you need to have your primary source of funding in place. Very often, that primary source is family support and/or government student aid through a program such as the Ontario Student Assistance Program (OSAP). U of T offers financial support through grants, bursaries and the Work Study Program.
To help you get started on your budget, use the financial planning calculator. This tool will show you how much money you will need to cover tuition and incidental fees as well as living costs, such as rent, food, bus fare, etc.
Financial Support from the Canadian and Provincial Governments
If you are a Canadian citizen, a permanent resident, or protected person, you may be eligible for financial assistance from your provincial or territorial governments. Applications are usually available in late April or early to mid May.
OSAP provides financial assistance through both grants and loans to eligible Ontario students to help them pay for their education. And you even have the option to request grant funding only. Funding is available to eligible students who are studying on a full-time or part-time basis. You can find more information about the eligibility criteria on their website. Need helpful information on how to apply for OSAP? Visit our website for helpful tips. What is the deadline to apply for funding? Check our website under the Important Dates > Financial Deadlines > Fall 2022 – Winter 2023 Financial Dates. Then check under Financial Aid Deadlines.
The best place for you to start is by check the website for the province or territory where you currently reside. You can find the links to these websites on the Universit Registrar's Office website. After you submit your application to the province or territory, you may need to submit documentation for U of T to complete. Once you know which documents you must submit, you can submit them to us by using the Out-of-Province Request Portal.
Indigenous Students (First Nations – Status or non-Status, Inuit and Métis) may qualify for a variety of financial support for university studies. Find out more about U of T’s Indigenous Student Services. You will find information about Financial Aid and planning on this website.
Students who are the first generation in their family to pursue post-secondary education are eligible for this bursary. To apply for this bursary, complete the UTSC grant application on the U of T Grant Portal. There is a section for the OFG. This bursary is only available in the Fall and/or Winter semesters and provides assistance between $1,000 and $3,500.
Questions about the application process, your finances, budget, appeals or other topics related to funding your education can be addressed to our Financial Aid Advisors and Front-Line Services Team.
If you have concerns about your funding, speak to a Financial Aid Advisor as early in the school year as you can. You may be eligible for a reassessment and receive additional funding. You can reach us by email at firstname.lastname@example.org. Please include your full name and U of T student number in your email. You can also book an appointment with a financial aid advisor.
UTAPS is the University of Toronto’s largest need-based support program and covers the financial gap between a student’s actual educational costs and the costs recognized by their provincial/territorial government student financial aid program.
UTAPS provides non-repayable grants to students to help cover this financial need gap, or unmet need.
New for 2023-2024 - All students who would like to be considered for UTAPS for the 2023-2024 school year must complete and submit an application through the Need Navigator, along with any supporting documentation required as stated on the student’s application by the deadline.
This grant is available for full time studies during the Fall, Winter and Summer sessions. The Fall/Winter grant may be paid in one to three instalments. After an assessment is made, qualifying students will see the UTAPS grant deposited directly to their ACORN fees account.
A wide variety of career- related, part-time jobs are available at U of T. Work- study is a great way to gain new experiences, network within your community, and develop transferable skills that you can utilize in and outside the classroom. Successful applicants are eligible to work up to 15 hours per week Positions are open to domestic and international students studying either full-time or part-time.