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Scholarships, Awards and Student Loans

Empower Your Potential

An Ivey MSc in Management is an important part investment in your future. We understand and appreciate the financial commitment required by you to pursue your degree. That’s why applicants to the Ivey MSc in Management will be considered for the following awards.

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

Apply for Scholarships

Scholarships are awarded to approximately 30% of the MSc cohort each year with an average value of $7,500 CAD. Award recipients will be notified along with their official MSc offer.

See International Student financing options. 

Richard Ivey MSc Excellence Awards 

Valued at up to $20,000, these awards are available to outstanding candidates pursuing the Ivey MSc in Management. All applicants are automatically considered for these awards. This evaluation is based on academic merit, leadership, past experience, international engagement and your score in our admissions interview.

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. In order to be considered for these awards, students must complete the “Apply for Awards” section of the 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 Entrance 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
* Learners and who are admitted to the MSc will automatically be considered for one of five MSc 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.

SOGS Bursaries and Financial Need

Society of Graduate Students (SOGS) have bursaries available each term (Summer, Fall, Winter)  to full-time members of the Society of Graduate Students (MSc students included) who have demonstrated financial need.  You may apply once you have an offer and have paid your deposit.  There are bursaries for International students as well.  For more information, visit SOGS 

Canada Student Grant for Students with Permanent Disabilities

For more information, visit the Government of Canada website.

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.


BMO logo


Nicole Krzynowek
(519) 667-7992

Program Maximum


TD logo

Nelson Ceballos  (Branch Manager)
519-673-6020 Ext. 250

Becky Sutton (Financial Advisor & Investment Consultant)
(519) 673-6020 Ext. 231

Mitchel Scherer (Financial Advisor)
(519) 673-6020 Ext. 232

Nimish Shukla (Account Manager)
(519) 660-0070 Ext. 300

Maximum up to $80,000.

Cosigner required.

  • some conditions may apply and vary.

RBC logo

Kevin Lum
(519) 661-1305

Joel Hauser
(519) 472-6258

Jason Chung
(519) 661-1232

Shabana Siddeq
(519) 660-4235

$70,000 with a two-year grace period.

No cosigner required.

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.

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 agreement between Canada and another country.

Prodigy Finance

Prodigy is no longer accepting loan applications for students beginning programs between October 2020 to June 2021. They may restart lending in July 2021. We will update this page as information changes.

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.

The School (Ivey) 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.

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

Please note that this application, loan/scholarship is managed solely by MPOWER Financing and Ivey does not play a role in the terms or eligibility decisions.

HDFC Credila – for students from India studying in Canada

HDFC Credila offers a completely customized product for borrowers who opt to pursue their university/college education in Canada.
Funding for: cost of attendance + cost of living + any other education related expenses
Dedicated Relationship Managers with door step service

Flexible repayment options with 180 months (15 years) loan tenure

For more information please visit:

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

GradRight Financing – for students from India studying in Canada

GradRight is a platform where lenders bid for student loans. Loans are offered to Indian nationals on GradRight by banks, NBFCs and international lenders. The basic service is free, while optional loan selection advisory service fees are capped at CAD 270 by GradRight. Ivey Business School does not charge any fee from students or GradRight for this service. 

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