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Financial Aid

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

The Ivey Business School recognizes the financial commitment required to pursue graduate studies. To help ease the burden, we are pleased to announce that the Ivey MSc Program has a number of scholarships available for outstanding MSc candidates.

Scholarships and Awards

To be eligible for Ivey Awards, please complete the "Apply for Awards" section on the MSc Program application. Award recipients will be notified along with their official MSc offer.

Richard Ivey MSc Excellence Awards 

Valued at up to $20,000, these awards are available to outstanding candidates pursuing the Ivey MSc Program. All candidates are assessed on academic merit, leadership skills, and international engagement.

Financial Need Awards 

Valued at up to $20,000, these awards are available to candidates who indicate a significant financial need in their online application. Only candidates who complete the scholarship section of the application will be considered for these awards. Not all applicants who request a Financial Need Award will receive funding.

MSc Indigenous Entrances Scholarships

All Ivey MSc in Management applicants will be considered holistically. The MSc admissions process takes into account- academic performance, community contribution, career ambitions, personal motivation and leadership orientation.
Applicants who self-identify as Indigenous people in Canada and who are admitted to the MSc will automatically be considered for one of five MSc Indigenous Entrances Scholarships valued at up to $10,000.

Bank Loans

Canadian Citizens & Permanent Residents

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

Bank Contact Email/Telephone Program Maximum
Bank Logo BMO Tammy Craigwell

(519) 667-6308

Carlos Toopitsin

(519) 667-7992

Bank Logo TD

Bhat. R
(Branch Manager)


Mitchel Scherer

Nav Thiara
519-673-6020 Ext. 250
(University Gates Branch)
(519) 673-6020 Ext. 232
(519) 673-6020 Ext. 300


Maximum up to $80,000

Cosigner required.

  • some conditions may apply and vary
Logo -RBC Rob Stewart


$70,000 with a two-year grace period

No cosigner required. 

Sarah White


Natalee Blake



International Applicants

There are many additional sources that international candidates should explore for external financing options. Helpful resources include:

*Canadian embassies sometimes administer scholarships to students such as the Commonwealth Scholarship, or others that result out of an agreement between Canada and another country.

Prodigy Finance

Prodigy Finance is an additional option to assist our international students in financing their MSc. If you have explored all financing options and still have a financial gap to financing your MSc, you can explore this option on Prodigy Finance's website

The application should take between 30-60 minutes to complete and Prodigy Finance will determine your eligibility in approximately 48 hours. It is important to understand that this application and loan process is managed solely by Prodigy Finance and the School does not play a role in the terms or eligibility decisions.

MPOWER Financing

MPOWER Financing was created as a Public Benefit Corporation to help promising students from around the world who need assistance in funding their degree, when traditional financing is unavailable.  Use the above link to learn more and apply.

  • no cosigner or collateral required
  • no credit history needed
  • 200+ nationalities accepted
  • loans can range from US$2,001-$50,000
  • interest-only payments during six-month post-graduation period
  • fixed interest rates

MPOWER Financing also offers an opportunity for a scholarship for International students. Please find more details: Scholarships

The School (Ivey) does not play a role in the terms or eligibility decisions.

External Funding Opportunities

As aspiring leaders destined for career success, Ivey MSc applicants are competitive candidates for various external scholarship opportunities. We encourage all students to visit yconic, International Financial Aid and College Scholarships and Scholarships Canada. These sites contain numerous awards and one of them may be just right for you.

Government Funding

The Government of Canada and its provincial governments offer a variety of loan programs to help graduate students finance their studies. Learn more about:

Provincial 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. 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 CanLearn to find your province or territory listing.

Lifelong Learning Plan (LLP)

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 (RRSP) to finance training or education for you or your spouse or common-law partner. For further information on this plan, visit the government's website.