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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.

See International Student financing options. 

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 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.

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.

Bank Contact Email/Telephone Program Maximum
BMO Jessica Burden

jessica.burden@bmo.com
(519)-667-6308

$75,000
Nicole Krzynowek nicole.krzynowek@bmo.com
(519) 667-7992
TD Canada Trust Bhat. R
(Branch Manager)
ravi.bhat@td.com
519-673-6020 Ext. 250
(University Gates Branch)

Maximum up to $80,000

Cosigner required.

  • some conditions may apply and vary
Mitchel Scherer mitchel.scherer@td.com
(519) 673-6020 Ext. 232
Nav Thiara nav.thiara@td.com
(519) 673-6020 Ext. 300
RBC Rob Stewart Rob.stewart@rbc.com
(519) 660-4235

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

No cosigner required.

Emily Tremblay

Emily.tremblay@rbc.com
(519) 472-4354

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 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.

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: https://www.hdfccredila.com/

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