Finances and Affordability

We're here to support you

At the University of Toronto Mississauga (UTM), we believe that talented students come from everywhere — but money doesn’t. We’re here to help bridge that gap and support you at every step of your financial journey.

Explore all financial supports:

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$330+ million

That's how much financial aid U of T provides to students every year 

69% more

U of T students receive 69% more funding than the average student at other Ontario universities

$48 million

Provided yearly by U of T as part of Canada’s largest offering of international student scholarships

#1 for employability

Highest ranking Canadian university, providing an excellent return on your investment*

 

Tuition and fees

The cost of studies at a post-secondary institution varies, but regardless of your selected program, UTM is committed to providing an exceptional and affordable place to learn.

UTM students seated at tables while studying

 

Smiling UTM students seated at chairs

Explore scholarships

There are many ways that UTM recognizes your achievements, leadership and academic excellence — including funds to help you cover the costs of your education.

 

Financial aid

U of T offers multiple ways to help cover the cost of your education, including Canada’s largest program of needs-based financial aid:

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What students have to say

Jamar

[After receiving an award]: “It was a huge weight off my family's shoulders. I was able to come to this university with my head held high, not having to worry about a single thing besides accomplishing my academic and career goals.”

Jamar, Faculty of Arts and Science, University College

Emma

[After receiving a scholarship]: "Just knowing that I had financial security, to be able to buy books, groceries and pay rent without worrying about what financial position I'd be in at the end of the year — that was a huge deal. ”

Emma, University of Toronto, Scarborough campus

Andrea

“I won the President's Award for Outstanding Indigenous Student of the Year which was a hefty sum. That was amazing to help me save a little bit and pay off some debts that I had accumulated over the school year.”

Andrea, Faculty of Arts and Science, Woodsworth College

 

Making housing more affordable

Students seated and talking in UTM residence room

On-campus housing

On campus, you'll find safe communities, inclusive programs, comprehensive services and quality facilities. You'll also have access to resources to offset your residence costs:

 

Off-campus housing

Securing affordable and convenient off-campus housing lets you focus on your academic success, extracurricular activities and social life.

Exterior view of Mississauga condominium building

 

Students in lab

Earn income while you study

You may choose to offset your living costs with any of these income-generating opportunities:

Student financial perks

As a student at UTM, you'll enjoy access to a range of financial benefits including:

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Save up to 13% on meal plans

From comprehensive Student Meal Plans to flexible Campus Value Plans —as a student, you'll benefit from food options that suit your budget and lifestyle.

Financial planning resources

 

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Calculate your university costs

This tool provides a personalized estimate of your university costs, including tuition and fees, housing, food and other expenses.

Explore the financial planning calculator

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How to create a budget

Managing your finances can sometimes feel overwhelming, but these tools will help you to better understand and take charge of your finances.

 


Student hugging in crowd at convocation

How to save money as a student

From smart spending to money-saving apps, knowing how to create a budget and save money are important life skills.


Smiling UTM student outside at UTM residence move-in day

For international students: how to manage finances

The International Education Centre (IEC) is here to support your transition to university life, including managing your finances.

Connect with a student recruiter

We’d love to hear from you and explore available financial supports.

Chat now 

Ready to apply?

Applications for fall 2026 are now open for many of our programs. 

Learn how to apply

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