Scholarships & Awards
The University of Toronto, its Colleges, and its Faculties award over 4,400 admission scholarships and over 5,900 in-course scholarships every year.
You will be automatically considered for a number of admission awards when you apply to the University. However, several awards also require you to complete the University of Toronto Awards Profile, and/or a separate application. You may set up an Awards Profile on the JOIN U of T portal once you’ve completed your application to the University. Explore entrance awards specific to Rotman Commerce, as well as all the scholarships that U of T has to offer.
U of T International Scholar Award
The University of Toronto International Scholar Award is awarded to incoming international students upon registration in Rotman Commerce on the basis of merit and at the discretion of the program. The award is valued at $100,000 over four years of study: $40,000 upon admission and $20,000 renewable in years 2, 3, and 4 if you maintain eligibility. For the Terms and Conditions of this award, please visit here. These international scholarships are contingent on full-time registration at the Rotman Commerce and are not transferable to other campuses or faculties. For additional information about scholarships, please visit our FAQ page.
International Financial Aid Application
The Faculty of Arts & Science has a limited number of admission scholarships available to international undergraduate applicants who have financial need. These are selected based on academic achievement as well as financial need demonstrated through the International Financial Aid Application, available to all international applicants through the JOIN U of T Portal. Canadian applicants (living in Canada or abroad) should not complete the International Financial Aid Application, as they are eligible for UTAPS and other governmentally administered financial aid programs. International Financial Aid Application decisions will be issued in April. Please note that scholarships and bursaries rarely cover the full cost of tuition and living expenses. For the Terms and Conditions of the International Financial Aid Application, click here.
We also recommend that you investigate scholarship or award opportunities in your own community. Some workplaces have scholarships for the children of employees, while many companies and community organizations offer application-based awards for which you may be eligible.
Students who excel in their academic course work may qualify for in-program scholarships. These scholarships are generally awarded by the University or by a Faculty or College, and are based on academic proficiency or achievements in particular areas.
Finally, each College at the University offers scholarships and awards for their students. You can learn more about these scholarship and award opportunities on the A&S website.
Entrance awards specific to Rotman Commerce
Awarded to a full-time undergraduate student who is a Canadian citizen or permanent resident and entering the Rotman Commerce program. Preference will be given to a candidate who exhibits strong academic and business leadership potential and who values the opportunities presented by the free enterprise system.
Established through the generosity of Allen Xin Ma (MBA 2019), the Allen X. Ma Scholarship for Excellence in Leadership at the University of Toronto is awarded annually to an international Rotman Commerce student with demonstrated community engagement and a vision to impact the world. Applications are not required as recipients are identified by Rotman Commerce.
Established under the Building Canadian Leaders Scholarship Fund, the Kong Ming Lee and Yip On Lee Memorial Scholarship is awarded on the basis of merit to a full-time, domestic undergraduate student with strong leadership potential who is admitted to or enrolled in the Rotman Commerce Program.
Special consideration will be given to academic ability, involvement in sports/ extracurricular activities/ community engagement and leadership.
The value and distribution of each scholarship will depends on the annual income generated by the endowment which can range from $900- $4000
The scholarship is renewable on the basis of continued full-time registration in the program and maintaining a minimum GPA of 3.0.
Applications not required. Recipients will be selected through their applications to Rotman Commerce.
Established under the Building Canadian Leaders Matching Scholarship Fund, the Donald S. McKeracher Scholarship is awarded on the basis of merit to a full-time, domestic undergraduate student with strong leadership potential who is admitted to or enrolled in Rotman Commerce. Special consideration will be given to academic ability, as well as the student’s involvement in sports/extracurricular activities/community engagement, and leadership.
The award is renewable on the basis of continued full-time registration in the program and a minimum annual GPA of 3.0. To be considered for the award, applicants must complete the Awards Profile by logging into join.utoronto.ca and following the Awards Profile link. Short-listed candidates will be contacted to arrange for an in-person or telephone or Skype interview.
Established under the Building Canadian Leaders Matching Scholarship Fund, the Frank William Moore Scholarship is awarded on the basis of merit to a full-time, domestic undergraduate student with strong leadership potential who is admitted to or enrolled in the Rotman Commerce Program. Special consideration will be given to students demonstrating academic ability, involvement in sports/extracurricular activities/community engagement and leadership, with preference for a University College student.
The award is non-renewable. To be considered for the award, applicants must complete the Awards Profile by logging into join.utoronto.ca and following the Awards Profile link. Short-listed candidates will be contacted to arrange for an in-person or telephone or Skype interview
The Fred VanVleet Scholarship is to be awarded to an incoming domestic Black student or Indigenous student based on financial need, with preference given to a student with an interest in the Management specialist. Academic merit will also be considered. This award is renewable based on continued full-time registration in the Rotman Commerce program and maintaining good academic standing. In addition to the financial support, Fred VanVleet is also committed to mentoring the selected recipient.
Value: $57,800, inclusive of tuition and an annual stipend of $1000 for books.
Year 1: $7,100
Year 2: $16,900
Year 3: $16,900
Year 4: $16,900