Finances

Fees

2024-2025 tuition and incidental fees for full-time studies are presented below in Canadian dollars; 2025-2026 fees are subject to change. For more information, please visit fees.utoronto.ca

	Domestic	International
Tuition¹	$14,180 (non-Ontario $16,090)	$67,370
Incidental Fees	$2,080.72	$2,080.72²
Residence & Meal Plan	$12,995 – $37,495	$12,995 – $37,495
Books/Supplies	$1,500 – $2,000+	$1,500 – $2000+

1. Additional costs include co-op fees for those registered in the PEY Co-op Program. Co-op fees only apply from second year onward and are paid per term.

2. International students are required to purchase health insurance each year through UHIP ($756 for 2024-2025)

Financial Aid and Need-Based Funding

At the University of Toronto, we recognize the significant contribution you and your family will make towards your education. We are here to support you. Use our financial planning calculator to budget your year at U of T.

Canadian Students

University of Toronto Advanced Planning for Students (UTAPS)

The University of Toronto Advance Planning for Students (UTAPS) program provides non-repayable grants to students to help cover this financial need gap, or unmet need. All students who would like to be considered for UTAPS must complete application through the Need Navigator. For more information, please visit the website.

Government Sponsored Student Loans

There are two kinds of government sponsored student loans – provincial/territorial and federal (Canada Student Loans). Canadian citizens, permanent residents and protected persons are eligible to apply.

International Students

US Student Aid

U.S. citizens can apply for financial assistance from the U.S. William D. Ford Federal Direct Loan Program. U of T is a recognized post-secondary institution for Federal Direct Loans (PLUS/Subsidized/Unsubsidized). Education Savings Plans and U.S. Federal Education Tax credits are also applicable.
Visit www.uoft.me/usloans for details.

Scholarships

All high school applicants to U of T Engineering are automatically considered for Faculty-specific admission scholarships when they apply. Applicants are considered for scholarships on the basis of academic excellence and extracurricular involvement as demonstrated in the Online Student Profile. Engineering applicants may also be considered for university-wide scholarships, for which a separate application is required.

SCHOLARSHIP	VALUE	PROCESS	OPEN TO INTERNATIONAL STUDENTS?
C.J. Dick & Ruth A. Sprenger Scholarship for Mature Students in Engineering	Variable	This award is open to a Canadian citizen or permanent resident entering First Year of Electrical or Computer Engineering as a full-time mature student. Preference will be given to an individual who has been out of full-time studies or has been in the workforce for a number of years. The award is renewable for years 2–4 based on academic merit. Candidates will be asked to submit a short essay outlining why they are applying as a mature student and what impact the award would have on their lives. Please direct applications to awards@engineering.utoronto.ca.	No
Faculty of Applied Science & Engineering Admission Awards	Variable, to a maximum of $10,000	Residents of Ontario are considered for Faculty Awards on the basis of financial need and academic achievement. To be eligible for this award, students must submit an application through the Need Navigator. More information can be found on the University Registrar’s Office website. A full list of Faculty Admission Awards can be found here.	No
Faculty of Applied Science & Engineering Admission Scholarships (various awards)	Variable, to a maximum of $10,000	No separate application required; students are automatically considered when they apply to U of T Engineering. A full list of Faculty admission scholarships can be found here.	No
Stanley Timoshek Scholarship in Engineering	Variable	This award is open to an incoming student from Poland based on outstanding achievement.	Yes
U of T Engineering Entrance Scholarship for Black Students	$10,000 x 4 years (renewable)	This award is open to domestic students who identify as Black on the basis of academic excellence and the information provided on your Online Student Profile; financial need may also be considered. Indicate your interest for the award on the Financial Information tab of your Online Student Profile by January 15.	No
U of T Engineering Entrance Scholarship for Indigenous Students	Domestic tuition plus stipend x 4 years (renewable)	This award is open to Indigenous (First Nations, Métis, Inuit) applicants. This award will be provided to three recipients annually. Indicate your interest for the award on the Financial Information tab of your Online Student Profile by January 15.	No
U of T Engineering International Scholarships	Variable, to a maximum of $40,000 x 4 years (renewable)	All international applicants that wish to be considered for this award should complete the Financial Information section of the Online Student Profile by January 15 to be eligible for consideration.	Yes
Troost Family Engineering Award	$20,000 x 4 years (renewable)	Three awards given annually to first year incoming Engineering students on the basis of financial need. Applicants will be asked to provide a statement on the Engineering Applicant Portal explaining your plans to fund your education and any relevant personal or family circumstances that have impacted your financial need. Applicants will also need to complete the University of Toronto Need Navigator by May 1.	No

General U of T Scholarships

Some U of T scholarships are awarded on the basis of financial need, academic merit or other special criteria. These awards may require additional information or documentation. If you wish to be considered for these and other awards, you should complete your online Awards Profile on JOIN U of T no later than February 3, 2025.

SCHOLARSHIP	VALUE	PROCESS	OPEN TO INTERNATIONAL STUDENTS?
U of T Scholars Program	$10,000	No separate application required; all high school students are automatically considered when they apply to U of T Engineering	No
President’s Scholars of Excellence Program	$10,000	No separate application required; all high-school students are automatically considered when they apply to U of T Engineering	No
C. David Naylor University Scholarships	$20,000	Complete the Awards Profile by logging into JOIN U of T Portal.	No
National & Arbor Scholarships	National: Tuition, fees, first-year residence plus financial award based on need. Arbor: $7,500 year 1; $1,500 years 2-4	Visit the National Scholarship page for more information.	No
Schulich Leader Scholarship	$20,000 x 4 years (renewable)	Visit the Schulich Leader Scholarship website for application information.	No
The Lester B. Pearson International Scholarship Program	Tuition, books, incidental fees, and full residence support x 4 years (renewable)	Nomination process through secondary school principal or guidance counsellor. The school nomination deadline is October 11, 2024. The student OUAC application deadline is October 18, 2024. The student scholarship application deadline is November 8, 2024.	Yes

Indigenous Tuition Initiative

The University of Toronto has created a new Indigenous Tuition Initiative to foster and strengthen relationships between U of T and Indigenous communities in Ontario, across Canada, and in the United States. This initiative includes three programs:

The U of T Indigenous Tuition Grant covers the cost of tuition in eligible undergraduate and graduate programs for students from the nine identified First Nations communities;
Indigenous students from the rest of Canada may be eligible for domestic Ontario tuition fee; and
Native American/Alaska Native students from the continental U.S.A. may be eligible for domestic Ontario tuition fee.

Learn more about the Indigenous Tuition Initiative.