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Scholarships, Awards, and Student Loans

Empower Your Potential

An Ivey MBA is an important investment in your future. We understand and appreciate the financial commitment required by you to pursue your MBA degree. That’s why applicants to the Ivey MBA program will be considered for some of the largest merit scholarship funding in Canada.

Download Financial Aid Brochure - Domestic Download Financial Aid Brochure - International

Apply for Scholarships

Approximately 80% of our incoming students (both domestic and international) receive an admission scholarship, ranging from $10,000 to $65,000.

In order to be considered for an admissions award, applicants must complete the Scholarships section within the online MBA admission application. There is no separate application for individual consideration. Successful applicants will be notified with their admissions offer prior to the start of the program.

There is also a number of external scholarships and fellowships, as well as other forms of financial assistance available to students across Canada. We encourage students to explore the Student Awards and Scholarships Canada websites for more information.

International students seeking external scholarship opportunities should visit our Financing page for international candidates for more resources and information.

MBA Indigenous Entrance Scholarships

All Ivey MBA applicants will be considered holistically. The 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 MBA will automatically be considered for one of five MBA Indigenous Entrance Scholarships valued at up to $10,000.

Rise Awards in Resilient Leadership for Indigenous Students (MBA)

Awarded annually to a full-time student entering the MBA Program at the Ivey Business School. The award will be given to an equity-deserving student who self-identifies as an Indigenous* Learner and who demonstrates community leadership and academic achievement. Preference will be given to students who demonstrate financial need.

Value: $22,500

*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.

Rise Awards in Resilient Leadership for Black Students (MBA)

Awarded annually to a full-time student entering the MBA Program at the Ivey Business School. The award will be given to an equity-deserving student who self-identifies as Black and who demonstrates community leadership and academic achievement. Preference will be given to students who have demonstrated financial need.

Value: $22,500

Apply for Student Loans

The majority of candidates will require some level of private financing to contribute to their MBA investment. We encourage you to explore the various bank loan options available.

Canada Student Loans

Ivey Business School 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 across 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 for 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

BMO logo

Contact

Nicole Krzynowek
nicole.krzynowek@bmo.com
(519) 667-7992

Program Maximum

up to $110,000 for MBA
up to $135,000 for JD/MBA


RBC logo

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) 660-4235

$125,000 with a 2-year grace period


TD logo

Nelson Ceballos - Branch Manager
nelson.ceballos@td.com
(519) 673-6020 ex. 250

Becky Sutton - Financial Advisor & Investment Consultant
becky.sutton@td.com
(519) 673-6020 ex. 231

Mitchel Scherer – Financial Advisor
mitchel.scherer@td.com
 (519) 673-6020 ex. 232

Nimish Shukla – Account Manager
nimish.shukla@td.com
(519) 660 0070 ext. 300

$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

CIBC logo

Steven Mayen
steven.mayen@cibc.com
(519) 661-8182 ex. 348

Flexible Guideline of $125,000

1 year grace period post graduation with ability to retain as ongoing line of credit after

International Student Loans

Please see the International Applicants page for more information about financing for international applicants.

Government Funding

The Government of Canada and its Provincial Governments offer a variety of loan programs to help graduate students finance their studies.

OSAP and Government Loans

OSAP assistance is available to Citizens of Canada or landed immigrants who are residents of Ontario. Students who do not meet the Ontario residency requirements are eligible for the Canada Student Loan. Visa students are ineligible to apply for these programs. Further information including details on eligibility requirements and how to apply are available on the OSAP website.

Lifelong Learning Plan

The Government of Canada implemented the Lifelong Learning Plan (LLP) to encourage higher education and training. The LLP allows you to withdraw up to $10,000 a year from your registered retirement savings plan (RRSPs) to finance training or education for you or your spouse or common-law partner. For further information on this plan, visit here.

Other Government Funded Programs

The Government of Canada's CanLearn website provides a listing of contact information for the offices of all government student financial assistance programs. Please visit the CanLearn website to find your province or territory listing.

Government Grants for Students with Permanent Disabilities

For more information, visit the Government of Canada website.