Pursuing a degree at University of Toronto costs more than 25,000 CAD (14.25 lakhs INR) per year. To financially assist incoming students, there are 250+ University of Toronto scholarships, bursaries, and fellowships available. Majority of the University of Toronto scholarships are based on academic merit and are awarded at the time of admission to University of Toronto.

University of Toronto Bachelor program scholarships are awarded under two categories: Admission Scholarships and In-Course Scholarships. The graduate scholarships at University of Toronto are primarily faculty-based and are awarded on the basis of department nomination or separate application. Research-based program students are not considered for scholarships. They are given fellowships or research stipends.

Along with the University of Toronto Scholarships, masters and doctoral students are also nominated for scholarships under the Ontario and Canadian government. Some of these include Ontario Graduate Scholarship, Pierre Elliott Trudeau Foundation Doctoral Scholarships, etc.

Check out: University of Toronto Scholarships (Spanish)

University of Toronto Scholarships for Bachelor Students

Annually, the University of Toronto awards 4,000 admission scholarships to its incoming domestic and international students. This includes the university’s flagship scholarship program for international entrants- Lester B. Pearson International Scholarship Program. This is the only full-ride scholarship offered by the University of Toronto.

• Eligibility:
  • Demonstration of a certain level of originality of thoughts and creativity in high school and community.
  • Academically outstanding and active participation in extracurricular activities.
  • Demonstration of leadership skills
• Application Process:
  • Get nominated by the present high school for the Lester B. Pearson International Scholarship.
  • Complete the admission application and then complete the scholarship application.

Around 38 Lester B. Pearson scholars are selected every year and are awarded funds that cover their tuition, book, travel, and cost of living in Canada. By next year, the university plans to support about 150 Pearson Scholars through the Lester B. Pearson International Scholarship, covering tuition fees and living expenses for four years.

Aside from this scholarship program, there are other University of Toronto Scholarships available for all Indian students enrolling in a bachelor's program. A few of those are tabulated below:

None of these University of Toronto Scholarships require applicants to submit an additional application form. Recipients will be selected based on admission applications. A student’s academic performance in high school and exams to study in Canada, will play a significant role.

University of Toronto Scholarships for Masters and Doctoral Students

University of Toronto Masters and Doctoral program students entering the university are expected to have a solid financial plan. Even though graduate international students are applying to the University of Toronto Scholarships, the admission-based scholarships are comparatively less.

As an incoming graduate student, international students are majorly offered financial aid awarded by the University of Toronto, donors, Ontario and the Canadian Government, such as Ontario Graduate Fellowship, Ontario Trillium Scholarship, etc.

Some of the University of Toronto Scholarships available for Indian students, at the time of admission are:

Students seeking financial aid for their masters and doctoral programs must adhere to the scholarship deadlines mentioned by the university, as the late applications are not entertained.

The provision of a research stipend is also available at the University of Toronto. The research stipend offered to students enrolled in research master’s or Ph.D. programs at University of Toronto is offered by the respective faculty of the university. The funding may cover one year of master’s study at the university and four-five years of the doctoral study.

External Scholarships Available for University of Toronto Students

Apart from the University of Toronto Scholarships, as mentioned earlier, international students can opt for scholarships offered by the Foundations and Canadian Government. Scholarships and fellowships which offer the students with substantial funding are:

• Ontario Graduate Scholarship
• Banting Postdoctoral Fellowship
• Ontario Graduate Fellowship
• Pierre Elliott Trudeau Foundation Doctoral Scholarships
• Ontario Trillium Scholarship

The eligibility criteria, application process, and selection criteria vary for each one of these scholarship programs. Applicants planning to apply for these scholarships are advised to verify the same.

To make it easier for its students, especially international students planning to study with a Canada student visa, the University of Toronto has a new centralized award system called The Award Explorer. It is a searchable database for admission, in-course, and graduating awards available for its students making it easier to explore various student aid awards.

Making education affordable for its students, the University of Toronto plans to support its students with financial aid and plans to increase the investment into student scholarships, fellowships, and awards.