Fees and financial support

Ranging from $2,500 to $15,000, GRI Entrance Awards are granted to future MFRM students demonstrating exceptional merit. 

To recognize the achievement of our female applicants, one $10,000 GRI Women in Risk Management Entrance Award will be granted to a top female candidate starting the program.

Up to three awards of $25,000 for future students of the Master of Financial Risk Management, Full Time or Morning or Evening MBA programs, who meet the following criteria: 

Students from Latin America may be eligible for this award. Preference given to students with demonstrated academic achievement. Additional preference given to students with strong leadership qualities with demonstrated impact. Selections will be based on academic merit. Recipients could be a citizen or a Permanent Resident of Canada, but originally from Latin America. Scotiabank employees are eligible if they meet the above conditions. 

One award of $4,000 will be granted to an incoming MFRM student who displays high academic merit as well as strong leadership and interpersonal skills as part of their application to the program.

This award was established in memory of Professor Peter Christoffersen who passed away in June 2018. Professor Christoffersen was an outstanding scholar whose work had a profound influence in the world of business and finance. He was a leading expert in financial economics and risk management, and was actively engaged in the conception, design and launch of the Master of Financial Risk Management program at Rotman. An exceptional teacher and researcher, Professor Christoffersen held the TMX Chair in Capital Markets and was twice-named a Bank of Canada fellow.

Jointly supported by the Ontario Government, the University of Toronto and donors to the Rotman School, these scholarships are intended to encourage and support academic excellence at the master’s and doctoral levels and are awarded to domestic students enrolled in full-time studies who have obtained a first class standing. An Ontario Graduate Scholarship at the Rotman School of Management is held for one year and valued at $10,000 to $15,000 per year, thanks to the generous support of our donors.

The Rotman School’s deadline for OGS applications is: For Canadian citizens or Permanent Residents: May 1 of the year you will start the program.

Students interested in applying for an Ontario Graduate Scholarship should consult the Rotman Office of the Registrar and Academic Services website for reference on eligibility, conditions and application forms.

The Master of Financial Risk Management program is considered a full time program, and as such, students are eligible for Canadian government loan programs. Each provincial government in Canada administers and maintains a student financial aid program in cooperation with the federal government’s Canada Student Loan (CSL) program. When you apply to your provincial government for assistance, you are also automatically considered for a loan through the CSL. For more information, consult the Ontario Student Assistance Program (OSAP) website.

The LLP allows individuals to withdraw amounts from their registered retirement savings plans (RRSPs) to finance their own education or that of their spouse/partner. Amounts withdrawn under the LLP do not count towards income and the RRSP issuer does not withhold taxes on these amounts. Withdrawals must be repaid over a period of no more than 10 years.

For more information, consult the Canada Revenue Agency website.

An RESP is an education savings account that is registered with the Government of Canada for parents who want to save for their child's post-secondary education. Once the child (the RESP beneficiary) has graduated from high school and enrolled full-time or part-time in a qualifying post-secondary educational program, the Plan holder can request, on his or her behalf, to withdraw money from the RESP to help pay for their studies.

Educational Assistance Payments include the interest earned in the RESP as well as any Canada Education Savings Grants, provincial grants and Canada Learning Bonds received. The money can be used to pay for post-secondary school expenses like tuition, books and transportation. For more information, consult the Canada Revenue Agency website.

The Government of Canada has a number of scholarships available to international students for study/research in Canada. These are organized by country of origin. Examples are:

• Canadian Commonwealth Scholarship
• Equal Opportunities Scholarship Program, Canada-Chile
• Government of Canada Awards Program
• Organizations of American States Fellowships Programs

The United States provides financial assistance to U.S. citizens studying at the Rotman School through the USA Federal Direct Loan Program. Details and application instructions can be found on the University of Toronto’s Enrolment Services website.

IPS is a program providing grants-in-aid for selected women from other countries for graduate study in the United States and Canada. An applicant must be qualified for admission to full-time graduate study and working toward a graduate degree in the college or university of her choice in the United States or Canada. A student holding citizenship in the United States or Canada is ineligible. For more information, visit PEO website.

International students are also eligible to apply for a non-cosigned loan from MPower Financing. or Prodigy Finance.. Although Rotman has no formal agreement in place, these firms have indicated a willingness to entertain loans up to the entire tuition fee for international students attending Rotman. Please note that these loans and scholarships are governed by MPower Financing or Prodigy Finance, and all decisions regarding approval and eligibility are made by MPower Financing or Prodigy Finance.