Fees & Financial Aid
Calculate your costs
Learn about the fees and expenses for the MMA program, and the financial aid available to you as a Rotman student.
Tuition for the program
The Tuition Fee for students entering the MMA program in September 2018 is:
Domestic Student Fee: $46,000*
International Student Fee: $63,000*
* 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.
Women's Excellence Awards
Five awards of up to $5,000 are granted to future MMA 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.
Tip: The earlier you apply, the greater your chance of an entrance award.
Ontario Graduate Scholarship
Jointly supported by the Ontario Government, the University of Toronto and donors to the Rotman School, this scholarship is intended to encourage and support academic excellence at the master’s level and is awarded to one MFRM domestic student with exceptional standing. An Ontario Graduate Scholarship at the Rotman School of Management is held for one year and valued at $10,000 per year, thanks to the generous support of our donors.
The Rotman School’s deadline for 2018-19 OGS applications is: For Canadian citizens or Permanent Residents: May 1, 2018.
Students interested in applying for an Ontario Graduate Scholarship should consult the School of Graduate Studies 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.
Lifelong Learning Plan (LLP)
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.
Registered Education Savings Plan (RESP)
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.
Financial Aid for International Students
Government of Canada International Scholarship Programs
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
Loan Assistance for Students from the United States
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.
International Peace Scholarship Fund for Women (IPS)
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 www.peointernational.org.
International students are also 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.