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Finances

The cost of university study includes direct costs (tuition and other fees, books and equipment) and living costs while the student is enrolled.
Tuition fees vary depending on the student’s program of study. The Schedule of Tuition Fees to determine the fee for your student’s program.

In addition to tuition fees, students are assessed compulsory incidental and ancillary fees which vary by faculty and by college but average around $1,185. These fees cover the costs of various student services, student activity facilities, athletic and recreation programs, membership in student organizations and supplementary health insurance. Your student will be able to obtain the precise fees information by viewing his or her student account on Acorn/ROSI.

The cost of books and supplies varies depending on the program of study. An average figure for an undergraduate student is $1,000 per year.

The cost of room and board depends, of course, on whether the student lives at home, in residence or off-campus while attending university. Residence fees vary and increase annually; including a meal plan, an approximate average is $7,985 to $15,000 per year. Whether your son or daughter lives at or away from home, spending money and funds for transportation will also be needed.

Links to current fees, helpful information and a budget tool are found on U of T’s Admission and Awards website.


In this Section

  • Fees

    Fee Payments Please note, no invoice will be mailed to you or your student. If you pay the fees for the student in your family, it remains the student’s responsibility to alert you to all deadlines and policies regarding fee payments. Parents or guardians may pay student fees provided that your student has given you […]

  • Financial Aid

    The University of Toronto’s Policy on Financial Support states that no student admitted to a program at the university should be unable to enrol or complete the program due to lack of financial means. Our commitment is based on the assumption that students will first access the government aid for which they are eligible. Financial […]

  • Taxes

    When a student files a tax return, the following are reported as “other income”: Scholarship, bursary, or fellowship payments; the value of a tuition waiver for dependent children and/or a spouse of a U of T employee; or University subsidy of interest on a University-arranged loan program. Students access their Statement of Pension, Retirement, Annuity, […]