Fees & Financial Aid
Calculate your costs
Learn about the fees and expenses you can expect during your time as a student in the MFRM program.
Tuition for the program
The Tuition Fee for students entering the MFRM program in September 2016 is:
Domestic Student Fee: $41,180*
International Student Fee: $57,500*
* In addition to the Tuition Fee noted above, there are University incidental fees, including required and optional fees and Rotman compulsory ancillary fees to cover the cost of course materials. Additional Rotman ancillary fees will be charged on a ‘pay per service’ basis (i.e. registration in Academic & Professional Development workshops etc.) and will be collected by the Program Services Office.
Please note that Tuition Fees, University incidental fees and the Rotman ancillary fees are set annually and are subject to change.
The Rotman School strives to recruit the best candidates to its programs, and is committed to helping you afford your education by providing you with a broad range of financial options.
GRI Entrance Awards
Ranging from $5,000 to $15,000, GRI Entrance Awards are granted to future MFRM students demonstrating exceptional merit. No separate application is required and all applicants will be automatically considered for entrance awards when their application is reviewed for admission.
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 in Fall 2018.
Tip: The earlier you apply, the greater your chance of an entrance award.
Loan Programs and Interest Subsidies
Professional Student Loan Plan (PSLP) with BMO and RBC
All domestic students (Canadian citizens, permanent residents) can access an interest subsidized loan to cover the full cost of their tuition, University incidental fees and Rotman-specific ancillary fees from the Bank of Montreal (BMO) or the Royal Bank of Canada (RBC). International students (those on study visas) can also access a BMO or RBC loan secured with a qualified Canadian resident co-signer, cash collateral, or standby letter of credit. The Rotman School pays the interest incurred on this specialized student loan for the duration the student is enrolled in the MFRM program up to June 30 of their graduating year.
Rotman Interest Subsidy Program (RISP)
Students who have obtained student or education loans from an officially recognized financial institution (in Canada or in their home country) can enroll in the Rotman Interest Subsidy Program (RISP). The Rotman School may provide a subsidy for the interest incurred on a student loan for the duration the student is registered in the MFRM program up to June 30 of their graduating year. The subsidy will be calculated based on the prime interest rate (in Canada) and a loan amount not to exceed the tuition, University incidental fees and ancillary fees of the MFRM program.