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Loans, Scholarships and Bursaries

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Scholarships

Master of Management in Analytics Indigenous Entrance Scholarships

All Ivey Master of Management in Analytics applicants will be considered holistically. The Master of Management in Analytics 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 Master of Management in Analytics 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.

Corporate Sponsorship

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

Financing Options

We strongly recommend that you explore the following financing options.

Tuition Tax Credit

Ivey MMA 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 Master of Management in Analytics 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 please visit (link to: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/lifelong-learning-plan.html)

Preferred Loan Program

Ivey has developed a Preferred Loan Program in partnership with Canadian banks to provide loan packages. Each bank has a different maximum 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 its 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 MMA 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 (presently prime + 1/2%; TD Canada Trust, RBC and CIBC rate is prime + 0.0%). Each bank assesses your application against its lending criteria.

Each bank has designated one London branch to handle all Ivey MMA 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 Contact Email/Telephone Program Maximum
BMO Jessica Burden jessica.burden@bmo.com
(519) 667-6308

Prime + 0.5%: $135,000 maximum. Interest payments deferred until graduation

Scotiabank Hatem Abouzeenni hatem.abouzeenni
@scotiabank.com

(519) 642-2376
$70,000 -
$110,000 for a combined MBA
Royal Bank of Canada Rob Stewart robert.stewart@rbc.com
(519) 660-4235
$115,000 with a two-year grace period
TD Canada Trust Nelson Ceballos

Nelson.Ceballos@td.com

(519) 673-6020 ext 250

$80,000 - $125,000* with a two-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
One-year grace period post graduation with ability to retain as ongoing personal line of credit afterwards.