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MFE Financial Information

The MFE does not offer full tuition funding. Instead, potential or current MFE students are encouraged to explore various options to fund their degree. Current students fund their degree through a combination of personal finances, bank loans, government loans, scholarships (if awarded), TAships (if awarded), and can anticipate earning 15k-35k during the 4 month summer internship.

The Brian A. Miron Graduate Scholarship in Financial Economics

This $5000 annual award is given to the top ranked candidate during admissions. All applicants are automatically considered. No application is required.
The Michael Berkowitz Memorial Award
This $2000 annual award is given to the second ranked candidate during admissions. All applicants are automatically considered. No application is required.

Master of Financial Economics Graduate Awards

Entrance Fellowships ranging from $2,000 to $14,000 are available. All applicants are automatically considered. No application is required.

Teaching Assistantships

MFE Students are eligible for Teaching Assistantship positions in the Economics Department, the availability of which, vary from year to year. A call for applications will be made in early July.

Internal University Awards

For a detailed list of scholarships available to graduate students see the School of Graduate Studies website, and for information on financial aid visit here. Students will also benefit from reviewing the SGS graduate awards office information for financial support for international and domestic students.

Scholarships Awarded by the Canadian Government

Students who are Canadian citizens or permanent residents are eligible to apply for masters-level awards with the Social Sciences and Humanities Research Council of Canada (SSHRC) and the Ontario Graduate Scholarships (OGS).

Provincial Loans

Student loans (Ontario Student Assistance Program) are also available from the provincial government for Canadian citizens and permanent residents and are calculated according to financial need. Applications are available after April 1 at the Student Services Office, School of Graduate Studies, 63 St. George Street, and also from the OSAP website.

Emergency Grants and Loans

The School of Graduate Studies and the University of Toronto Alumni Association provide emergency grants and loans to meet financial needs which could not have been anticipated. Applicants must be registered as full-time students in a graduate program. Particulars may be obtained from the School of Graduate Studies.

Student Lines of Credit
Most financial institutions offer low-interest professional student lines of credit for professional graduate finance programs. Here are some plans you may want to look into:

Bank of Montreal: Professional Student Line of Credit

CIBC: Educational Line of Credit

RBC Student Line of Credit

Scotiabank: Scotia Professional Student Plan

Internship Earnings
Internship salary ranges from $15,000 to $25,000 for the 4 months
Full-Time Earnings
Starting salary of the most recent graduating class ranges from $75,000 to 120,000