Money Matters
The cost of a graduate education includes tuition, incidental fees, supplies and living expenses. To help you plan ahead, use the University of Toronto’s financial planning calculator and explore scholarship opportunities and financial aid programs you may be eligible for. If you have questions about funding advice, you can connect with your department of interest. The School of Graduate Studies also offers financial advising by appointment.
Tuition
Tuition varies based on your degree of interest. Below are 2025-2026 tuition amounts (including incidental fees) for our professional- and research-stream graduate programs. For details on tuition (including tuition for part-time students) and making fee payments, please visit the U of T Student Accounts website.
| Application Type | MEng* & MEngCEM | MASc | PhD |
|---|---|---|---|
| Domestic (full-time) | $15,618 | $8,448 | $8,448 |
| International (full-time) | $73,760 | $34,900 | $9,240 |
* MEng Co-op ancillary fees for students starting MEng Extended Full-Time Co-op program in Fall 2026 is $3,500.
Guaranteed funding for MASc and PhD students
U of T Engineering offers competitive funding for graduate students pursing research-stream programs: Master of Applied Science (MASc) and Doctoral (PhD).
Graduate units within our academic departments provide financial support to all MASc and PhD students to cover tuition and contribute to living costs. After tuition and fees, MASc candidates receive at least $20,000/year for two years and PhD candidates receive at least $31,000/year (i.e., $40,000 total funding) for up to four years. Funding amounts may by higher as determined by individual units; please refer to department websites for funding package details.
Many students earn more than the minimum as a result of teaching assistantships and scholarships, such as from the Natural Sciences and Engineering Research Council (NSERC) of Canada, the Canadian Institute of Health Research (CIHR), and the Ontario Graduate Scholarships (OGS) program.
Financial aid programs
Canadian citizens or permanent residents may be eligible for student financial aid through their province or territory of which they are considered a resident. Applications for the Fall academic session are usually available in late May or early June. It is recommended that you apply early to ensure there is enough time to process your application before the start of classes, however applications will be accepted during the academic year. Learn more about these programs, including U of T Advanced Planning for Students (UTAPS), a program designed to cover the financial gap between a student’s actual education costs and the costs recognized by their provincial/territorial government.
Awards & scholarships
We encourage applicants to apply for all scholarships and award opportunities they are eligible for to support their journey. For most scholarships and fellowship, students should apply directly to their departments/institutes by the deadlines set by the specific department or institute.
The School of Graduate Studies keeps a detailed list of scholarships and fellowships available for graduate studies and also postdoctoral training. Note that not all these scholarships are relevant to graduate students in the Faculty for Applied Science and Engineering.
U of T Engineering is also pleased to share the following opportunities:
Indigenous and Black Engineering and Technology (IBET) Momentum Fellowships
This program aims to address the urgent need to provide opportunities that encourage and support the pursuit of graduate studies by equity-deserving groups traditionally underrepresented within STEM research. IBET Momentum Fellows will have the option to rotate between selected labs and supervisors during their first term of registration into the PhD program. Rotations are an effective way to clarify research interests and explore different supervisory styles, lab environments and to help build a network.
Hatch Graduate Scholarship for Sustainable Energy Research
Through a generous donation from Hatch Ltd., U of T Engineering is pleased to award 10-15 scholarships each year to those registered in either a Master of Applied Science (MASc) program or a Doctor of Philosophy (PhD) program in the faculty. Valued at $10,000, these awards are intended to fund research and training of world-class researchers and engineers in the fields of recovery and utilization of energy derived sustainably from the sun and other sources. They focus specifically on power generation from photovoltaic solar cells, wind turbines and hydraulic turbines, systems for the efficient utilization of thermal and electrical energy derived sustainably, and energy storage by batteries, pumped hydro, molten salts, compressed air, and other means.
Work opportunities
Across U of T and within the City of Toronto are several opportunities to work while you pursue your graduate studies, including:
Teaching Assistantships
All graduate students are eligible to apply for teaching assistantships. TA positions are posted through a centralized job board, though many departments promote these opportunities more directly to graduate students who may be qualified. Being a TA is a great way to earn income and develop professional skills.
Work Study Program
Each fall and summer, the U of T Work Study program offers paid, on-campus positions to eligible graduate students. Work Study opportunities provide students with meaningful roles under the direction of a staff member, faculty member or librarian.
MEng Co-op
The MEng Co-op program allows students to gain 8 months of paid, professional experience as part of the two-year MEng Extended Full-Time Co-op program. This is a limited-enrolment opportunity.
Opportunities outside of U of T
Studying in Toronto comes with perks, including access to great off-campus work opportunities. U of T is located in the heart of the city, adjacent to world-class hospitals, innovative startups and the nation’s financial hub.