Plan your finances

Scholarships and awards

All high school applicants to Rotman Commerce are automatically considered for most admission scholarships based on their academic achievement, extracurricular involvement and other eligibility criteria. Some scholarships and awards require a separate application.

RC applicants are also eligible for several University of Toronto scholarships. Those that require nominations include the National Scholarship for Canadian high school students and the Lester B. Pearson International Scholarship for international students.

Financial aid

University of Toronto Advance Planning for Students

The University of Toronto is committed to ensuring that no domestic student who gains admission to the university is unable to enrol in or complete their studies due to lack of financial means. This commitment led to the creation of a unique financial aid program: University of Toronto Advanced Planning for Students (UTAPS). Through a nonrepayable grant, UTAPS covers unmet financial need after a student has received a maximum amount of support through government assistance (e.g., OSAP for Ontario students).

Tuition and incidental fees 2020/21 Canadian citizen or permanent resident

U.S. 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. For more information, visit the U.S. loans page on the U of T website.

Sponsored students

As a top-ranked global institution, the University of Toronto is an approved destination for most countries’ national mobility

scholarship programs.

First Year Upper Years in Rotman Commerce

International student

First Year Upper Years in Rotman Commerce

$6,100 $15,900

$57,740 $65,530

Notes

1. Fees shown are in Canadian dollars and apply to the 2020/21 academic year. All fees are subject to change. 2. Totals shown include program fees and the University Health

Insurance Plan ($720). The totals shown do not include incidental and ancillary fees; these vary by college. 3. Tuition fees increase in the second year of the RC program.

The totals shown for upper years include the program fee based on 2019/20 values. You’ll find a complete fee schedule on the U of T website. 4. Please note that international students are not eligible for need-based financial aid.

More about scholarships:

You’ll find all the details using the Award Explorer and Award Profile tools on the scholarships section of the U of T website.

More about finances:

For a more complete picture of how to finance your Rotman Commerce studies, visit the fees section of the U of T website.

#1 U of T was ranked the number one university in Canada for producing workready graduates by the QS Graduate Employability Rankings 2020.

Tuition, living costs, scholarship opportunities, financial aid — and just hammering out a budget that makes sense for you and your family. There’s a lot to think about, and we’re here to help.

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U of T was ranked as the top university in Canada and among the top 25 universities in the world by the QS World University Rankings 2020.

Clara Kim, Management