Tuition and Financial Aid

Over the course of the four-year program, JD/MBA students pay the tuition fees of the respective faculty they in during their first two years (i.e. law school fees if in the Faculty of Law and business school fees if in Rotman.) Students pay the program fees corresponding to the higher of the two faculties' fees in third and fourth years.
 
While this might appear to be a large outlay, students should consider the value of the individual degrees and the benefits of the condensed program. Students typically find opportunities in business and law during their summers in the program, which helps with their financing. Moreover, the financial aid officers at both faculties are ready and willing to help students find ways to finance their education though university and government assistance programs.
 
Domestic students entering the JD/MBA program in September, 2007 will pay the following fees over the duration of the program:

Year 1:  $17,280
Year 2:  $28,160
Year 3:  $28,290*
Year 4:  $28,290*
Total Program fee:  $102,020*
 
There may be additional incidental/ancillary fees levied for enrolment in specific courses or for individual circumstances. Incidental/ancillary fees, which include campus fees and student society fees, cover the fall and winter terms only. Please check your invoice/account.

Note: These are estimated domestic students’ tuition fees. For complete domestic students’ tuition fees information please refer to the University of Toronto ’s Tuition Fee Schedule.
 
Scholarships
Entrance scholarships and fellowships are offered on the basis of exceptional merit and on the combination of both merit and need. All applicants to the JD/MBA are automatically assessed for entrance scholarships from both Faculties unless otherwise specified.  Further, Rotman will announce each JD/MBA student’s scholarship at the time of admission.
 
Ontario Graduate Scholarship ($15,000)
The most common award for combined students to obtain is the Ontario Graduate Scholarship (OGS). OGS is a scholarship awarded to full time JD/MBA students in the second year of the combined program and in either the third or fourth year of the program. It is based purely on academic merit and is allocated for two years of graduate study only. OGS applications are due in the fall each year and are available online or at the University of Toronto, School of Graduate Studies. The JD/MBA Students’ Association STRONGLY encourages all JD/MBA students to review the application guidelines and apply in the fall of their first year.  
 
Note: since this scholarship is only available to students at the School of Graduate Studies it can not be awarded to pure JD students.
 
Students Entering First Year in the Faculty of Law
David MacDonald Award in Law and Business is awarded to a student in the JD/MBA program on the basis of financial need and academic excellence.
 
The Harrowston Inc. Awards are awarded on the basis of financial need and academic excellence to students in the JD/MBA program, with a demonstrated involvement in community service.
 
Students Entering Second Year at the Rotman School of Management
The J.A.D. Slemin Memorial Fellowship is awarded to a first year student majoring in Marketing, with a preference toward JD/MBA students.

Dean's Scholarship awarded on the basis of financial need to a student entering the JD/MBA program.

Financial Aid
The Faculty of Law and the Rotman School of Management strive to admit only the best candidates to its JD/MBA Programs, and is working to remove the financial barriers that qualified applicants may face in making this serious investment in time and expense over the next four years. We are committed to helping you find a way to finance your education by providing you with a broad range of options to consider.
 
Financial aid at both the Faculty of Law and the Rotman School is comprised of distinct interest-subsidized loan programs through Scotiabank and bursary assistance. All JD/MBA students are eligible for consideration for financial aid from both the Law School and the Rotman School of Management during the 4-year program.
 
Scotiabank Interest-Subsidized Loans
Through a unique partnership with Scotiabank, students in the JD/MBA program can access an interest-subsidized loan to cover the full cost of their program fees, as well as a laptop computer.
 
Scotiabank Professional Student Plan
In addition to the Interest-Subsidized Tuition and Laptop Loan Program, the University of Toronto has developed a competitive rate loan program with Scotiabank to assist students with additional loan requirements in meeting the costs of living during the period of the JD/MBA Program. The loan provides an interest-bearing line of credit at prime rate plus 0.5 per cent. The maximum amount that can be borrowed through both the Interest-Free Tuition Loan and the Professional Student Plan combined is determined as follows:
 
Year 1: $20,000
Year 2: $35,000
Year 3: $25,000
Year 4: $25,000
 
$105,000 program limit; and $150,000 maximum personal debt limit. This loan program is not available to international or visa students.
 
Government Loans
Each provincial government administers and maintains a student financial aid program in cooperation with the federal government's Canada Student Loan Program. Students are responsible for researching funding opportunities from their respective provincial government and for applying where eligible. When you apply to your provincial government for assistance, you are also automatically applying to receive a loan through the federal Canada Student Loans Program (CSL). In Ontario, the Ontario Student Assistance Program (OSAP) is available to help supplement (not replace) the financial resources that the student is expected to contribute. Information about OSAP can be found online at http://osap.gov.on.ca.
 
Eligibility requirements, maximum borrowing amounts and loan repayment policies vary from province to province. Usually the assistance is in the form of interest-free loans while a student is in school, although some provinces award grants to students or offer additional assistance to students graduating with debt over a certain amount.
 
School of Graduate Studies Emergency Loan
The School of Graduate Studies (SGS) has an Emergency Loan Program that allows for a maximum amount of $500 to be obtained in emergency situations. Contact SGS via e-mail at graduate.awards@utoronto.ca, or visit their Web site at www.sgs.utoronto.ca/finance.asp
 
The Nawel K. Seth Fund Loan
This Rotman School loan fund was provided through the generosity of 1975 Rotman alumni and Seth Realty Limited, and allows for short-term student loans to a maximum of $1000 to be provided interest free for emergency situations.
 
Bursaries
Admission to the JD/MBA Program is considered on a "need-blind" basis and eligibility for financial aid is not assessed prior to the decision to admit. However, applicants should begin the process early by considering what personal financial resources are available to contribute towards their education, and thereby determining the gap that needs to be filled from other sources. Bursary assistance is provided to domestic students who demonstrate the greatest financial need, but only after exhausting all other funding sources, in particular government and Scotiabank Interest-Subsidized Tuition and Laptop Loans.
 
-First year students apply for bursaries through the Faculty of Law
-Second year students apply for bursaries through the Rotman School
-Third and fourth year students can make applications to both faculties for bursary assistance
 
All information contained in the applications will be shared between the two schools' Financial Aid Offices. First year students’ financial aid applications must be returned to the Faculty of Law by mid July and upper year students’ financial aid applications must be returned to the Faculty of Law by mid September. Applications to Rotman School must be made no later than October 15th. Students must meet the financial aid application deadlines for each faculty. For further information please refer to the Financial Aid section of the Faculty of Law and Joseph L. Rotman School of Management web sites.
 
School of Graduate Studies Emergency Bursary Program
These bursaries are given on the basis of financial need to students who are already in a graduate degree program and for whom continuation in the program is in jeopardy for financial reasons. These bursaries are not considered to be a source of long-term funding for a student's program, but are intended to be a bridge for temporary lack of funds. Funds are dispersed throughout the year. Click here for the SGS Graduate Bursary Form or send an e-mail to graduate.awards@utoronto.ca