# hi finance at Toronto Metropolitan University Student aid, awards, and budgeting help for Toronto Metropolitan University students. --- This is what paying for a TMU degree actually looks like: what OSAP covers, which awards close before you think, and where the money goes once it lands. ## Student aid program Toronto Metropolitan University uses [OSAP](https://www.ontario.ca/page/osap-ontario-student-assistance-program). ## The numbers at Toronto Metropolitan University - **~$30,000** — Estimated first year total cost Domestic Ontario student in first-year Business Management living on campus: ~$11,892 in tuition and ancillary fees plus ~$8,986 for a Pitman Hall double room plus ~$7,570 for the mandatory 7-day meal plan plus roughly $1,500 in books and supplies. Living off campus reduces the total. Tuition varies by program. Source: https://www.torontomu.ca/current-students/tuition-fees/undergraduate - **$20M+** — Administered in student funding Over $20 million in continuing education, undergraduate, and select graduate awards administered to more than 25,000 students in 2021-22. Source: https://www.torontomu.ca/current-students/scholarships-awards - **1,400+** — Awards available Awards, scholarships, and bursaries matched to you through TMU's AwardSpring portal. Source: https://www.torontomu.ca/current-students/scholarships-awards - **$7M+** — Entrance scholarship support Designated for the fall 2026 first-year class, on top of guaranteed renewable scholarships for admission averages of 86% and higher. Source: https://www.torontomu.ca/admissions/scholarships-awards ## Key deadlines ### Prestigious entrance scholarships (Nov 1 – Feb 17) The application for fall 2026 awards opens on AwardSpring on November 1, 2025 and closes at 11:59 p.m. ET on the extended deadline of February 17, 2026. This window covers the President's Entrance Scholarship and other prestigious awards. [More](https://www.torontomu.ca/admissions/scholarships-awards) ### ISLA - Winter 2027 deadline (Sep 14, 2026) The International Student Leadership Award for students starting in January 2027 is worth $10,000 for up to 20 recipients. Applications open in May 2026 and close September 14, 2026. [More](https://www.torontomu.ca/admissions/scholarships-awards) ### Fall 2026 tuition and fees payment deadline (Sep 25, 2026) Undergraduate fees are due by this date. An outstanding balance is charged a monthly late fee of 1.25% (16.08% effective annual rate), and an account hold is applied once fees are 31 days past due. [More](https://www.torontomu.ca/current-students/tuition-fees/tuition-fees-deadlines) ### Full-time OSAP application for fall-only funding (Oct 21, 2026) Submit your full-time OSAP application by this date for fall-only funding, with required documents and reviews due by November 10, 2026. [More](https://www.torontomu.ca/student-financial-assistance/osap/important-dates) ### Full-time OSAP application for fall/winter funding (Mar 2, 2027) Submit your full-time OSAP application by this date for fall/winter and winter-only funding, with required documents and reviews due by March 22, 2027. [More](https://www.torontomu.ca/student-financial-assistance/osap/important-dates) ## FAQs ### Does Toronto Metropolitan University use OSAP? Yes. TMU is an Ontario university, so if Ontario is your province of residence you apply through OSAP, Ontario's student assistance program. OSAP combines grants you don't repay with loans you do. ### Can I get OSAP as an out-of-province student at TMU? You apply to your home province's program, not Ontario's. A student from Alberta studying at TMU applies through Alberta Student Aid. The school you attend doesn't determine which program funds you. Your province of residence does. ### Do I have to apply separately for TMU scholarships? Some are automatic. If you're admitted from a Canadian secondary school with a final average of 86% or higher, you're guaranteed a renewable entrance scholarship. But most continuing awards and every bursary need an application through AwardSpring, TMU's awards portal. ### What happens if my student aid doesn't cover my tuition? You're responsible for the shortfall by the payment deadline. Options include TMU's bursaries, a payment arrangement with Collection Services, or a student line of credit. Bursary money doesn't have to be paid back, so it's worth applying first. ### Do I need to file taxes as a TMU student with no income? You should. Filing is how you claim your T2202 tuition credit and carry it forward, and it's what registers you for benefits like the GST/HST credit. Skipping it leaves money unclaimed.