Rotman School of Management

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Financial Aid By Country

The scholarships, loans and other funding opportunities available to you will vary significantly based on your country of residence. Select one of the countries listed below to view region-specific information on financial assistance.

International students are encouraged to source funding from resources available within their home country. Please note, the Rotman School does not guarantee, co-sign, nor endorse any of these specific programs for funding.

Afghanistan    

Type of Aid: Scholarship
Description:

Aga Khan Foundation
The Aga Khan Foundation provides a limited number of scholarships each year for postgraduate studies to outstanding students from select developing countries who have no other means of financing their studies, in order to prepare them for employment, primarily within the AKDN. Scholarships are awarded on a 50% grant: 50% loan basis through a competitive application process once a year in June or July.

The Foundation gives priority to requests for Master's level courses. The Foundation accepts applications from nationals of the following countries: Bangladesh, India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Syria, Egypt, Kenya, Tanzania, Uganda, Madagascar and Mozambique. In France, Portugal, UK, USA and Canada, applications are accepted from those who are originally from one of the above developing countries, are interested in development-related studies and who have no other means of financing their education.

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Argentina    

Type of Aid:  Scholarship Programs 
Description:  Written documentation in Spanish only
Links: 

Australia    

Type of Aid:  Government Scholarships
Description:  Endeavour Scholarships and Fellowships offer support to Australians to undertake study, research or professional development in a participating country or region.
Type of Aid:  Scholarships
Description:  General Sir John Monash Scholarships are Australia’s prestigious postgraduate scholarship program. Each year John Monash Scholarships are awarded to outstanding graduates from Australian universities, who have demonstrated leadership skills, and have a vision for a better Australia. The Scholarship enables them to undertake Masters or Doctoral degrees at the world’s best universities, towards that vision.

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Austria     

Type of Aid:  Grants
Description:  http://www.grants.at - Austrian students looking for financial support for studying in Canada should review this central databank of grants
Type of Aid:  Educational Loans
Description:  Bildungsfonds - Career Concept AG manages education funds which support MBA participants from Germany, Switzerland and Austria in financing tuition fees and cost of living. After completing the MBA programme and starting employment, following a grace period, participants must start paying back the loan.
Type of Aid:  Bank Loans
Description:  Bank Austria Creditanstalt

Bangladesh     

Type of Aid: Scholarship
Description:

Aga Khan Foundation
The Aga Khan Foundation provides a limited number of scholarships each year for postgraduate studies to outstanding students from select developing countries who have no other means of financing their studies, in order to prepare them for employment, primarily within the AKDN. Scholarships are awarded on a 50% grant: 50% loan basis through a competitive application process once a year in June or July.

The Foundation gives priority to requests for Master's level courses. The Foundation accepts applications from nationals of the following countries: Bangladesh, India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Syria, Egypt, Kenya, Tanzania, Uganda, Madagascar and Mozambique. In France, Portugal, UK, USA and Canada, applications are accepted from those who are originally from one of the above developing countries, are interested in development-related studies and who have no other means of financing their education.

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

China    

Type of Aid:  Loans
Links: 

Bank of China - Foreign Exchange Loan for Studying Abroad 
ICBC China (Industrial and Commercial Bank of China) – Overseas Study Loan 

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Colombia    

Type of Aid:  Government Loans/Educational Credits
Description:  COLFUTURO
Fondo Nacional del AHORRO
Icetex
Type of Aid:  Educational Financing
Description:  LUMNI - provides funding to students. In contrast to loans which require students to repay the amount they were lent, students pay a certain percentage of their salary after graduation for a fixed number of months. If a student’s salary is low, the monthly payment is low. If a student’s salary is high, the monthly payment is high.

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Egypt    

Type of Aid:  Scholarship
Description: 

Aga Khan Foundation 
The Aga Khan Foundation provides a limited number of scholarships each year for postgraduate studies to outstanding students from select developing countries who have no other means of financing their studies, in order to prepare them for employment, primarily within the AKDN. Scholarships are awarded on a 50% grant: 50% loan basis through a competitive application process once a year in June or July.

The Foundation gives priority to requests for Master's level courses. The Foundation accepts applications from nationals of the following countries:  Bangladesh, India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Syria, Egypt, Kenya, Tanzania, Uganda, Madagascar and Mozambique. In France, Portugal, UK, USA and Canada, applications are accepted from those who are originally from one of the above developing countries, are interested in development-related studies and who have no other means of financing their education.

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

England     

Type of Aid:  Loan
Description:  Natwest MBA Loan. Must be between ages of 18-40 at time of application. Must have at least 3 years of work experience. You are expected to pay 20% from your own funds.
Links: 

Germany    

Type of Aid:  Scholarships
Description: 

DAAD Deutscher Akademischer Austausch Dienst - funds both German students for studies abroad and foreign students for studies in Germany.

Haniel Stiftung - Up to eight scholarships every year are awarded for a business-related postgraduate course in or outside Europe. This allows young German scholars to acquire supplementary qualifications to take up responsibilities in multinational companies and international organisations.

Type of Aid:  Loans
Description:

Bildungsfonds - Career Concept AG manages education funds which support MBA participants from Germany, Switzerland and Austria in financing tuition fees and cost of living. After completing the MBA programme and starting employment, following a grace period, participants must start paying back the loan.

Deutsche Bildung - Students from Germany can apply for loans for up to €25,000.

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Hong Kong  

Type of Aid:   Government Scholarship
Description:  The Hong Kong Scholarship for Excellence Scheme aims to support local students to pursue studies in world renowned universities outside Hong Kong, with a view to grooming a top cadre of talents with global vision, international network and world-class education, thereby contributing to enhancing Hong Kong’s competitiveness as Asia’s World City in a globalised knowledge economy.
Type of Aid:  

Government Scholarship

Description: The Sir Edward Youde Memorial Fellowships aim at financing outstanding Hong Kong students for overseas postgraduate studies.  They are expected to contribute significantly to the development of Hong Kong after graduation.
Type of Aid:   Bank Loans
Description: Chong Hing Bank
ICBC (Industrial and Commercial Bank of China) – Overseas Study Loan

 

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

India     

Type of Aid:  Bank Loans
Description:  Over the past few years, Rotman students have been successful in taking out education loans from the following banks:
Links: 
Type of Aid:  Educational Loan
Description: 

Avanse
Credila – Over the past few years, many Rotman students from India have been successful in taking out an educational loan with this educational loan company.

Type of Aid:  Scholarship
Description:  J.N. Tata Endowment for the Higher Education of Indians – The J.N. Tata Endowment offers loan scholarships for higher studies abroad only. The loan amount (ranging between Rs.1,50,000/- and Rs.6,00,000/-) awarded to each scholar is determined by the norms laid down for the purpose and does not cover the full cost of studies. All applicants do not necessarily qualify for the maximum amount. Selected scholars may also qualify for a gift scholarship from the Jamsetji Tata Trust and a Travel Grant from the Sir Dorabji Tata Trust, based on the sole discretion of the Trustees of the concerned Trusts. A gift scholarship can amount to a maximum of Rs.10,00,000.
Type of Aid:  Scholarship
Description:  Aga Khan Foundation – The Aga Khan Foundation provides a limited number of scholarships each year for postgraduate studies to outstanding students from select developing countries who have no other means of financing their studies, in order to prepare them for employment, primarily within the AKDN. Scholarships are awarded on a 50% grant: 50% loan basis through a competitive application process once a year in June or July.

The Foundation gives priority to requests for Master's level courses.

The Foundation accepts applications from nationals of the following countries: Bangladesh, India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Syria, Egypt, Kenya, Tanzania, Uganda, Madagascar and Mozambique. In France, Portugal, UK, USA and Canada, applications are accepted from those who are originally from one of the above developing countries, are interested in development-related studies and who have no other means of financing their education.

If you have been successful in taking out an educational loan with any other financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Indonesia     

Type of Aid:  Scholarship
Description:  Indonesia Endowment Fund for Education

Scholarships for masters and doctoral programs are offered by this government agency. Funding for both educational (i.e. tuition fees, book allowances) and non-educational costs (i.e. living allowance, transportation, health insurance) is available. Scholarship recipients are required to return to Indonesia upon graduation.

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Japan     

Type of Aid:  Scholarships
Description:  Information on financial assistance for study abroad can be found on the website of the Japan Student Services Organization
Links: 

Kenya     

Type of Aid: Scholarship
Description:

Aga Khan Foundation
The Aga Khan Foundation provides a limited number of scholarships each year for postgraduate studies to outstanding students from select developing countries who have no other means of financing their studies, in order to prepare them for employment, primarily within the AKDN. Scholarships are awarded on a 50% grant: 50% loan basis through a competitive application process once a year in June or July.

The Foundation gives priority to requests for Master's level courses. The Foundation accepts applications from nationals of the following countries: Bangladesh, India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Syria, Egypt, Kenya, Tanzania, Uganda, Madagascar and Mozambique. In France, Portugal, UK, USA and Canada, applications are accepted from those who are originally from one of the above developing countries, are interested in development-related studies and who have no other means of financing their education.

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Korea     

Type of Aid:  Scholarships
Description:  Most of the national scholarships are for research based study (social science/engineering), and does not include MBA programs. The students going to study MBA are mostly self-funded or company sponsored. MBAs are considered business, (management skill
Links: 

Latin America and the Caribbean     

Type of Aid:  Scholarships – Bahamas
Description:  Lyford Cay Foundation Scholarships – awards up to US$15,000 annually for masters degrees. Scholarships are awarded on the understanding that beneficiaries will return to The Bahamas to use the skills gained abroad for the enrichment of the country.
Type of Aid:  Scholarships Database – Bermuda
Description:  BermudaScholarships.com – students can search for scholarships for MBA programs.
Type of Aid:  Scholarships – Organization of American States member countries
Description:  OAS Academic Scholarship for Graduate Studies - awarded for full-time studies at any university in an OAS Member State, with the exception of the applicant’s sponsoring country.
Type of Aid:  Scholarships – Brazil
Description:  Fundação Estudar
Type of Aid:  Educational Financing
Description:  LUMNI provides funding to students. In contrast to loans which require students to repay the amount they were lent, students pay a certain percentage of their salary after graduation for a fixed number of months. If a student’s salary is low, the monthly payment is low. If a student’s salary is high, the monthly payment is high. Available to students from Mexico, Colombia, Chile and Peru.

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Malaysia     

Type of Aid:  Loans
Description:  The Majlis Amanah Rakyat (MARA)
Links: 

Mexico     

Type of Aid:  Government Scholarships
Description:  CONACYT – A few Rotman students from Mexico have been funded by this program.
Type of Aid: 

Government Student Loans

Description: Fondo para el Desarrollo de Recursos Humanos (FIDERH) – Offers loans to Mexican students to finance their studies, either in Mexico or abroad.
Type of Aid:  Scholarships
Description:

BecasMOB - Scholarships are awarded to Mexicans, who wish to pursue a Masters degree at a recognized university abroad. The scholarships are partial and complementary and cover only the first year of study.

Fundacíon Pablo Garcia - Offers scholarships to students for specialty studies, masters or doctorate degrees. Scholarship amounts received must be re-paid to the Foundation in full; however a percentage of the amount received can be written off if the student develops his or her work and professional activity in the State of Campeche, either in the public, academic and private sectors.

Type of Aid:  Loans
Description: ITABEC (Institute Tamaulipeco de Becas, Estímulos y Créditos Educativos) - provides financing through loans for 50 young Mexicans born in Tamaulipas or a resident of Tamaulipas for at least three years in the company of their parents.

 

Educafin - provides loans to students born in the state of Guanajato for studies in private schools in Mexico, public schools in the state of Guanajato, or abroad.

 

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Pakistan     

Type of Aid:  Scholarship
Description: 

Aga Khan Foundation
The Aga Khan Foundation provides a limited number of scholarships each year for postgraduate studies to outstanding students from select developing countries who have no other means of financing their studies, in order to prepare them for employment, primarily within the AKDN. Scholarships are awarded on a 50% grant: 50% loan basis through a competitive application process once a year in June or July.

The Foundation gives priority to requests for Master's level courses. The Foundation accepts applications from nationals of the following countries:  Bangladesh, India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Syria, Egypt, Kenya, Tanzania, Uganda, Madagascar and Mozambique. In France, Portugal, UK, USA and Canada, applications are accepted from those who are originally from one of the above developing countries, are interested in development-related studies and who have no other means of financing their education.

 

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Peru     

Type of Aid:  Bank Loan
Description:  Banco de Credito Peru Financing for MBA Loan – for professional programs including International MBA up to $50000US for program, and $20000 for accommodation.
Links: 

Romania     

Type of Aid:  Scholarship
Description:  Scholarship offered by the Romanian Government
Links: 

Singapore     

Type of Aid:  Bank Loan
Description:  HSBC Bank- MBA Loan
Links: 

Spain     

Type of Aid:  Scholarship
Description: 

Agencia Andalusia del Conocimiento - The TALENTIA Fellowship Program is an initiative by the Ministry of Economy, Innovation, Science and Employment that provides postgraduate scholarships to students from Andalusia allowing them to study abroad in selected institutions.

The AAC pays for tuition, travel expenses and a living allowance (housing, health insurance) for a maximum of two academic years.

 

Fundación Barrie - offers postgraduate scholarships for studies abroad to students who have a relationship with Galicia (born in Galicia, have a Galician father or mother, reside in Galicia since Jan 2012, have a university education from any of the three Galician universities).

 

Fundación Eduarda Justo - The Foundation's Postgraduate Scholarship program strives to identify and select young professionals with the greatest potential for the future, mainly entrepreneurs and social entrepreneurs, and seeks to provide them the necessary resources for studying in graduate programs in the most prestigious universities and business schools in the world.

 

Fundación Obra Social y Monte de Piedad de Madrid - offers financial support to Spanish residents of Madrid for postgraduate studies in universities and centers of higher education and research anywhere in the world.

 

Fundación Rafael del Pino – offers scholarships for graduates and Spanish graduates aimed at expanding their studies full-time, in world-class universities and research centers.

 

Fundación Ramón Areces - sponsors scholarship programmes for study abroad to enable Spanish post-graduate students to study at some of the world's leading research centres.

 

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Taiwan     

Type of Aid:  Bank Loans
Links: 

Bank of Taiwan – Loans for Studying Abroad
ICBC (Industrial and Commercial Bank of China) – Overseas Study Loan

 

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

Thailand     

Type of Aid:  Scholarship
Description:  Most of the funding from the government comes in the form of scholarship which is organized and run by the Office of Civil Service Commission. You should visit their Web site for detailed information: (Note: funding pages are not written in English)
Links: 

Uganda    

Type of Aid:  Scholarship
Description: 

Aga Khan Foundation
The Aga Khan Foundation provides a limited number of scholarships each year for postgraduate studies to outstanding students from select developing countries who have no other means of financing their studies, in order to prepare them for employment, primarily within the AKDN. Scholarships are awarded on a 50% grant: 50% loan basis through a competitive application process once a year in June or July.

The Foundation gives priority to requests for Master's level courses. The Foundation accepts applications from nationals of the following countries:  Bangladesh, India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Syria, Egypt, Kenya, Tanzania, Uganda, Madagascar and Mozambique. In France, Portugal, UK, USA and Canada, applications are accepted from those who are originally from one of the above developing countries, are interested in development-related studies and who have no other means of financing their education.

 

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

United Kingdom     

Type of Aid:  Loans
Description:  Most of the funding from the government comes in the form of scholarship which is organized and run by the Office of Civil Service Commission. You should visit their Web site for detailed information: (Note: funding pages are not written in English)
Links: 

United States    

 

A US student studying in Canada is able to take out the same student loans they would if they were studying in the US. Most Canadian universities are accredited by the US Department of Education.

Type of Aid:  Federal Loan Program
Description:  USA Federal Direct Loan Program - Citizens of the United States studying in degree programs at the University of Toronto can apply for financial assistance from the USA Federal Direct Loan Program.  The U.S. Department of Education is your lender; your loan is administered by a federal loan servicer who acts on behalf of the U.S. Department of Education. More UT-specific information about applying for this loan program can be found at this Enrolment Services website.
Type of Aid: 

Alternative/Private Loans

Description: Students who are applying for alternative/private loans must complete the Request for Alternative/Private Loan School Certification available on the Enrolment Services website to have the University of Toronto certify their loan.
Links: PrivateStudentLoans.com – This website allows students to compare student loans from different companies.
Type of Aid:  P.E.O. Educational Loan Fund (for female students only)
Description:

The P.E.O. ELF loan is intended to help a woman attain a degree or certification from an accredited postsecondary educational institution.

The maximum loan amount is $12,000 for all programs of study and may not exceed the amount recommended by her sponsoring chapter. Loans are subject to the availability of funds.

Following the graduation date originally stated on the application, interest will begin accruing and will be billed on an annual basis. Interest accruals and payments will not be deferred if the student continues with further study. The current rate of interest is 2%.

All applicants for the ELF program must be sponsored by a P.E.O. local chapter.
Type of Aid:  Scholarship
Description: Fulbright Canada – Awards for American Students
The Canada-U.S. Fulbright Program operates on the principle of reciprocal exchange and provides opportunities for outstanding American students to study and/or conduct research in Canada. Award recipients include American citizens who are graduate students, prospective graduate students, or junior professionals.

 

If you have been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let us know at pso@rotman.utoronto.ca, so that we can update this list for future students.

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