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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.

Download Corporate Sponsorship Brochure

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

Repayment terms vary amongst institutions with some banks allowing individuals to make interest-only payments for 12 months following graduation. The loan resembles a personal line-of-credit where you are charged interest every month. The interest rates are competitive. Each bank assesses your application against its lending criteria.

Some banks have designated one London branch to handle all Ivey Accelerated 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 this person contacts the London Branch using the contact information below – not all branches are aware of these special rates.

Bank

BMO logo

Email/Telephone

Karen Pettigrew
karen.pettigrew@bmo.com
519-667-0066

Jenesia Miranda
jenesia.miranda@bmo.com
519-667-6308

Shaun Wang
xiang.wang@bmo.com
519-667-6277

Program Maximum

Prime + 0.5%: $150,000 maximum. 
Interest payments deferred until graduation, repayment of principal will begin 2 years after graduation
Some conditions may apply and vary


RBC logo

96 Fanshawe Park Road E Branch

Nitya Nitya
nitya.nitya@rbc.com
(519) 681-4304

Feiye Chen (speaks Mandarin)
feiye.chen@rbc.com
(519)-680-6019

Kiranjot Singh
kiranjot.singh@rbc.com
(519)-660-4235

1265 Fanshawe Park Rd W Branch

James Kingsland
james.kingsland@rbc.com
(519) 680-6015

 

 

Prime rate: $125,000 maximum with a 2-year grace period*.

*Some conditions may apply and vary.


TD logo

Nelson Ceballos
Nelson.Ceballos@td.com
(519) 673-6020 ext 250

Danielle Rozario
Danielle.Rozario@td.com
(519) 673-6020 ext 251

$80,000 - $125,000* with a 2-year grace period.

Prime +0%

Some conditions may apply and vary.

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