Financing Your MFin

The Rotman MFin program grants Entrance Awards to a select group of students from the incoming class who demonstrate exceptional merit. Entrance awards average $2,500 to $10,000 and are paid when the program officially starts in September. These are presented along with the offer of admission to the program and no separate award application is required. You will be considered automatically for an entrance award when your application is reviewed for admission.

Four Women's Excellence entrance awards of $5,000 are available for applicants to the MFin program. As with other entrance awards, no additional application is required. Find out more about Rotman's commitment to supporting Women in Finance.

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 Finance program is considered a full time program for working professionals, 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 Amounts withdrawn under the LLP do not count towards income and the RRSP issuer does not withhold taxes on these amounts.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.

You can learn more about teaching and research assistantships on the Rotman Office of the Registrar and Academic Services website.

Learn about third party sponsorship, including sponsorship by employers, on the Rotman Office of the Registrar and Academic Services website.

The United States provides financial help 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.

International students are eligible for many of the School’s scholarships, fellowships, and teaching and research assistantships. A number of organizations also offer scholarships, fellowships and loans to citizens of various countries to study in Canada. These programs have not been screened by the Rotman School, and students are individually responsible for applying. International students are competitive candidates for employment — both summer and post-graduation — in Canada. International students may obtain a permit to work for three years after graduation.

International Loans

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.