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.
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 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 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 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.
Maximum up to $80,000
$70,000 with a 2-year grace period
No cosigner required.
There are many additional sources that international candidates should explore for external financing options. Helpful resources include:
- Government of Canada – International Student Scholarships
- Indian Association for Canadian Studies
- Scholarships 4 Students From Developing Countries
- List of Canadian Embassies*
*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 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 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 6-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.
The Government of Canada and its Provincial Governments offer a variety of loan programs to help graduate students finance their studies. Learn more about:
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.
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 the government's website.