While the cost of university can be high, there are resources that can help. For example, most provincial governments have loan programs. Along with the Canada Student Loan Program, provincial loan programs can help Canadian Citizens and Permanent Residents with the cost of post-secondary studies. The loans are interest-free as long as you are enrolled in full-time studies.
The Ontario Student Assistance Program (OSAP) provides loans to Ontario residents. However, OSAP assumes that guardians (if they can) will financially assist their child or dependent during their first five years of university. In other words, if you apply for OSAP, your guardian’s income will be taken into consideration. Students are also expected to help finance their own education through part-time jobs.
For more information, watch this webinar: Government Student Loans and Grants Orientation.
OSAP’s application is available online. Returning students should apply for the fall term by the end of May. New students should apply by mid-June.
- British Columbia
- New Brunswick
- Prince Edward Island
- Nova Scotia
- Newfoundland and Labrador
- Northwest Territories
- Yukon Territory
Are you going on your Professional Experience Year Co-op, graduating or taking a term off? This webinar will explain everything you need to know about repaying your loan.
The National Student Loans Service Centre is now on YouTube. Check out their channel for more information on the support they offer borrowers throughout their student loan experience.
University of Toronto Advance Planning for Students (UTAPS)
U of T is committed to ensuring no student admitted to a program at the University is unable to enrol or complete their program because of financial difficulties.
To help fulfil this commitment, the University provides assistance in the form of non-repayable grants. However, the University expects students to apply for government aid options first. To find out more about UTAPS eligibility requirements, visit Enrolment Services.
If you are a full-time engineering student who received OSAP, you will automatically be considered for UTAPS funding provided you have updated your income through the OSAP website. If you receive out-of-province government funding or First Nations band funding, you must apply for UTAPS.
Should you find yourself in financial need, have not received adequate government funding and have not heard from UTAPS, please email email@example.com.
If you have exhausted all other means of support and still find yourself in financial difficulty, the Faculty can provide financial assistance in the form of a grant. Faculty grants do not replace OSAP or UTAPS. The grants help alleviate temporary financial setbacks. If you are not eligible for OSAP and/or other provincial government assistance, you may still submit a Faculty grant application. The application is available in ACORN under the finance section.
As the University is a publicly-funded institution, it cannot offer financial aid to international students. However, U of T does have grants for international students to help cover emergency situations. The grants are primarily intended for students in their third or fourth year of studies.
To apply, please complete the form in the University of Toronto Undergraduate Grant Application Portal and make an appointment to speak with Assistant Registrar, Scholarships & Financial Aid to discuss your application.