MScSM | Fees & Living Expenses
ANNUAL TUITION FEES
Tuition Fee Schedules (domestic and international) are determined by the Office of the Vice-President and Provost at the University of Toronto.
Fees are managed by the Student Accounts Office. They are responsible for tuition and ancillary/incidental fees, processing payments, issuing refunds, and applying service charges.
2021 - 2022 Academic year
The tuition and ancillary fees for the 2021-2022 academic year will be available in July 2021. Please refer to the Office of the Vice-President and Provost at U of T. All fees are subject to change each year.
In the interim, please refer below to the current fees for students who began the program in September 2020:
2020-2021 Academic year
- Domestic students tuition fee (2020) - $16,880.00
- Plus University incidental fees $1,936.21
- for a Total for 2020-2021 year: $18,816.21 PER YEAR
- International students tuition fee (2020)- $32,450.00
- Plus University incidental fees $1,936.21
- Plus mandatory Health Insurance fee $720.00
- for a Total for International students in 2020-2021 year: $35,106.21 PER YEAR
- The tuition and incidental fees stated are annual (per year) fees. As this is a two-year program, fees stated would be times 2 years (for example, domestic tuition would be approximately $18,816 x 2 years = $37,632;
- International fees would be approximately $35,106 x 2 years = $70,212.
- The annual tuition and incidental fees are set by the University of Toronto Provost Office and are subject to change each year.
- All amounts are shown in Canadian dollars.
- For the most recent tuition information, please see the Provost web site at the following link (updated information available in early summer (usually early July) of each year: http://www.provost.utoronto.ca/link/students.htm
Textbooks and other materials
Students are expected to purchase all required couse textbooks and case studies and other course materals. The annual cost is estimated at $1,500.
Living expenses are dependent upon where students live; on campus or off campus; sharing with roommate(s); living at home; living in Mississauga or in Toronto. However, the estimated living expenses are $2,000 per month x 20 months = $40,000.00. This takes into consideration: housing (rent), food, transportation, cell phone, internet connection, personal items, and so on.
Financing your Graduate Education
The MScSM program offers a few one-time Entrance Scholarships each year of up to $2,000, awarded to students (open to both domestic and international students) with the highest GPAs upon entrance to the program. Accepted students do not need to apply for this scholarship; they are automatically considered once they accept our offer and start the program. The scholarship appears as a credit on the students' tuition account, in mid to late September in their first year (once a student is registered and has started the program).
MScSM is pleased to announce the Stephen Bede Scharper Fellowship, to be awarded to annually to one first-year MScSM student on the basis of financial need and academic merit (open to both domestic and international students). It will recognize those with a demonstrated interest in global sustainability and a commitment to the values of social and environmental justice, holistic human well-being, and the betterment of humanity: https://www.utm.utoronto.ca/support-utm/stephen-bede-scharper-fellowship
This award is open to all first year students registered in the MScSM program and the winner is announced in the first Winter semester - in March of each year - about 6-7 months after students start the program. Part of the consideration of the award is based on performance in the program.
The MScSM Program is a professional course-based full-time graduate program with a co-op term and does not offer any funding and only the limited scholarships above. At University of Toronto, full or partial funding is generally only available for research-based programs, not Professional masters' programs, or our MScSM Program.
UofT School of Graduate Studies offers some financial information.
Scotiabank Professional Student Plan
The Scotiabank and the University of Toronto have proposed a Professional Student Loan Plan for University of Toronto students enrolled in a professional program. Further information is available.
Federal or Provincial Loan Programs
Domestic students may be eligible for federal Government Student Loans/Grants.
In addition, there may be provincial funds available in a student's home province.
- Newfoundland Student Aid
- Nova Scotia Student Loans
- PEI Student Loan Program
- New Brunswick Student Aid
- Quebec Loans (English)
- Quebec Loans (Francais)
- Ontario OSAP Web site
- Manitoba Financial Aid
- Saskatchewan Loans
- Alberta Loan Programs
- British Columbia Student Financial Aid
- Yukon Financial Aid
- NWT Financial Assistance
- Nunavut Student Loans
The MScSM Program and UofT cannot guarantee that applicants will receive funding or loans from any institution/bank/government agency.
IMI Professional Masters Student Aid Program for Domestic Students
The institute for Management & Innovation has a grant program for domestic students that apply and qualify for provincial student financial aid and have an unmet financial need as determined by their financial aid application. Please see the IMI website for further information.
International students must seek funding from their home countries.
University of Toronto School of Graduate Studies (SGS) offers some limited International Student Awards. Students Please refer to their website.
Other Financing Options
Please remember that MScSM has a summer co-op work term and most positions are paid. This may assist students with funding their education (pay is dependent on position/company/length of contract, minimally 10 weeks).
In addition, some graduate students supplement their academic year income by securing a Teaching Assistant (TA) or Research Assistant (RA) position. Graduate students are welcome to apply to any TA / RA position that they qualify for - for example, graduate students with an undergrad major in Chemistry, can apply to any TA / RA undergrad course posting in Chemistry or other science-related program. Graduate students with an undergrad in Commerce, can apply to undergrad Commerce or Business course TA posting. Please note that the hiring decision rests entirely with the hiring professors' preference and department and not with MScSM.
For other funding options, for both domestic and international students, please refer to University of Toronto's School of Graduate Studies (SGS): http://www.sgs.utoronto.ca/currentstudents/Pages/Financing-Your-Graduate-Education.aspx
More Financial Aid and Advising information is also available at SGS.