Fees & Financial Aid

Fees and Financial Aid

Paying Your Fees

Once you’ve enrolled in courses, you need to either make a minimum tuition fee payment or defer your fees (if eligible) to become a registered student. Students who miss payment deadlines will be at risk of being removed from their courses!  Watch our Fee Payment Video below.

Viewing Your Fees

You will be able to view and print invoices from your Financial Account on ACORN starting mid-July. Invoices are not mailed.

Payment Methods

You can pay for your fees through your bank (online, telephone, or in-person), or by credit card through ACORN. Whether you’re making a payment from within Canada, or outside of Canada, step-by-step instructions are available for you to follow.

Payment deadline: TBD

Fee Deferral

Students who are receiving OSAP or an out-of province loan may be eligible for a tuition fee deferral, as their funding would not be available until September. A fee deferral allows eligible students to officially register for their studies without having to make a minimum fee payment until a later date. Fee deferral requests begin in July through ACORNLearn how to request a fee deferral!

Students receiving scholarship funding greater than their minimum required payment may request a fee deferral through the Office of the Registrar.

Fee deferral deadline: TBD

Registered Education Savings Plan (RESP)

If you have an RESP, you may need to submit an RESP Verification of Enrolment/Registration Request after enrolling in your courses. Watch this video to learn more!

Planning Your Fees

How Are Tuition Fees Calculated?

Fees are comprised of course fees, along with incidental, system access, and ancillary fees. Your tuition fees are calculated on a per-credit basis. The more courses you take, the more you pay. If you drop a course, you may be eligible for a full or partial refund, depending on the date the course is dropped. Fee and refund schedules for the 2020-2021 year will be posted on the Student Accounts website by June 2020.

Deregulated Fees

For most students, course fees will be calculated on a per-credit basis throughout their degree. Some of our programs are deregulated and have higher fees starting in approximately second year. Learn more information about deregulated programs and their fee structures.

Non-Academic Incidental Fees

Non-Academic incidental fees are amounts charged in addition to tuition which cover the costs of services and programs not otherwise funded. For general questions around non-academic incidental fees, click here. For UTM specific information around the Non-Academic incidental fees, click here.

Student Financial Planner

Try out the Financial Planning Calculator for U of T students, a publicly available online tool to help you explore how much it will cost to study at U of T for one academic year. You can also create a budget and browse helpful resources! Click here for help using the planner.

OSAP & Other Government Aid

OSAP (Ontario Student Assistance Program) is a needs-based Ontario government student loan and grant program designed to assist with the cost of postsecondary educa­tion. To learn more about OSAP, including changes for the 2020-2021 school year, visit the OSAP website.

For additional information about OSAP and other government aid, including other provincial loan programs, click here. For U.S. loan programs, click here

Scholarships, Grants, & Awards

 "I was pleasantly surprised about the generous scholarship opportunities at the University of  Toronto. Receiving several scholarships demonstrated to me that my school really cares about my academic performance, leadership initiatives, and community involvement." -Sabrina, UTM StudentVisit the following pages for more information about:

Get Help

Have more questions? Check out our Frequently Asked Questions or visit the Office of the Registrar and book a meeting with an academic or financial aid advisor.

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