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Loans, Sponsorships, and Bursaries

Corporate Sponsorship

Your employer may recognize that sponsoring your tuition is an excellent investment in the strength of their organization. They may also be eligible to claim your tuition as a tax deduction. To learn more, contact Canada Revenue Agency.

If you require assistance demonstrating the value of sponsoring your tuition, we would be pleased to provide a business case template as a starting point to help you communicate the benefits to your employer. Please contact our office for guidance and support in presenting your case for sponsorship.

Bursaries & Scholarships

Travel and Accommodation Bursary Program

If your participation in the Ivey Accelerated MBA Program requires incurring major travel or accommodation costs, you may be eligible for subsidies.

  • Students travelling from >100km from the GTA are eligible for accommodation reimbursement.
  • Students travelling from >400km from the GTA, out of province, or, out of country are also eligible for travel reimbursements.

To find out if you qualify, please contact us.

Accelerated MBA Indigenous Entrance Scholarships

All Ivey Accelerated MBA applicants will be considered holistically. The Accelerated MBA admissions process takes into account- academic performance, community contribution, career ambitions, personal motivation and leadership orientation.

Applicants who self-identify as Indigenous* Learners and who are admitted to the Accelerated MBA will automatically be considered for one of five Accelerated MBA Indigenous Entrance Scholarships valued at up to $10,000.

*Indigenous refers to the Original People of Turtle Island (North America) including First Nations, Metis and Inuit people of Canada as well as Native American, Native Alaskan, and Native Hawaiian people from the United States.

Financing Options

There are applicants that, for a variety of reasons, choose to pay for the program personally, either partial or in full. In these cases, we strongly recommend that you explore your options with a financial planner.

Tuition Tax Credit

Ivey Accelerated MBA students who pay a portion or all of the program fees are eligible to claim a tax credit on the tuition component of their program fees. The tax savings is dependent on your personal income situation and we advise that you consult a financial advisor on the amount of savings in your particular case.

RRSP Life-Long Learning Program

You and your spouse may be eligible to make tax-free withdrawals from your RRSPs of up to $10,000 each to assist in financing the Ivey Accelerated MBA Program. You have to repay these withdrawals to your RRSPs over a period of no more than 10 years. To learn more about the Life-Long Learning program, click here.

Preferred Loan Program

Ivey has developed the MBA Loan Program in partnerships with Canadian banks to provide loan packages for Ivey Accelerated MBA candidates. Each bank has different maximums and repayment terms. The loan resembles a personal line-of-credit where you are charged interest every month at a competitive rate. Each bank assesses you against their own lending criteria. This Program has successfully provided students with financial flexibility and convenience. For more information, please contact our office.

Canadian Citizens and Permanent Residents

Ivey has developed the MBA Loan Program in partnership with a number of Canadian banks to create competitive loan packages for Ivey MBA candidates.

Repayment terms vary amongst institutions with some banks allowing individuals to make interest-only payments for twelve months following graduation. The loan resembles a personal line-of-credit where you are charged interest every month. The interest rates are competitive (presently prime + 1/2%; TD Canada Trust, RBC and CIBC rate is prime + 0.0%). Each bank assesses your application against their lending criteria.

Each bank has designated one London branch to handle all Ivey MBA loans. This allows more personalized and efficient service for each student. We encourage you to compare the fees and terms of all student loan products in the chart found below, to determine which is best suited to your needs.

If you are working with someone at your own local branch, please ensure they contact the London Branch using the contact information below - not all branches are aware of these special rates.

Bank Contact Email/Telephone Program Maximum
BMO Nicole Krzynowek nicole.krzynowek@bmo.com
(519) 667-7992

Prime + 0.5%: $110,000 maximum. Interest payments deferred until graduation

Scotiabank Hatem Abouzeenni hatem.abouzeenni
@scotiabank.com

(519) 642-2376

Prime + 0.5%: $70,000 maximum. Principal repayment starts 12 months after graduation

Royal Bank of Canada Paul Kebati

paul.kebati@rbc.com

(519) 681-4320

Prime +0.5%: $125,000 maximum with a 2-year grace period*

*some conditions may apply and vary

Kevin Lum

kevin.lum@rbc.com

(519) 661-1305

Joel Hauser

joel.hauser@rbc.com

(519) 472-6258

Jason Chung

jason.chung@rbc.com

(519) 661-1232

Shabana Siddeq

shabana.siddeq@rbc.com

(519) 661-1232

TD Canada Trust Nelson Ceballos

Nelson.Ceballos@td.com

(519) 673-6020 ext 250

$80,000 - $125,000* with a 2-year grace period
MBA students do not need co-signors contingent on good credit standing.
  • some conditions may apply and vary
Becky Sutton

Becky.Sutton@td.com

(519) 673-6020 ext 231

Nav Thiara

nav.thiara@td.com

(905) 783 4499

Mitchel Scherer

mitchel.Scherer@td.com

(519) 673 6020 x232

CIBC Jordan Batson jordan.batson@cibc.com
(519) 661-8182 ext. 349

Prime + 0% Flexible Guideline of $125,000 1 year grace period post graduation with ability to retain as ongoing personal line of credit afterwards.