hi finance at
University of Toronto
We built hi finance for students who pay their own way through school. This is what paying for a U of T degree actually looks like: what OSAP covers, which awards close before you think, and where the money goes once it lands.
103,140
Students enrolled
Across the St. George, Mississauga, and Scarborough campuses in Fall 2025-26, including 81,412 undergraduates.
Source$55M
In admission awards
Paid to 7,100 undergraduate students in admission awards, plus $18.1M in in-course awards for 7,900 more.
Source$22,800–$34,700
Estimated first year cost
U of T's estimate for a Canadian student in Arts & Science living in residence — $6,100 tuition, $1,994–$2,811 in incidental fees, $1,000–$2,000 for books and supplies, and $13,706–$23,819 for residence and a meal plan.
SourceApply to OSAP early
If you need a fee deferral to register, apply by June 30. The official OSAP deadline for funding consideration is October 23, 2026 for fall, but applying late means your money may not land before classes start.
Tuition fee payment or deferral deadline
Pay the minimum to register or arrange a deferral by this date to keep your Fall/Winter 2026-27 courses. Deadlines vary by campus, so check your own registrar's page.
Awards Profile submission deadline
The Awards Profile is how you get considered for U of T awards based on financial need, leadership, and community involvement. It opens in the Join U of T portal after you apply, and the deadline is typically early February.
UTAPS application deadline (Fall)
UTAPS is U of T's largest need-based program and covers the gap between your costs and what OSAP recognizes. Submit the Fall application by October 13, 2026 through the Need Navigator.
Or don't keep track of any of it
hi finance watches these dates for you and says something before they close.
Cheapest food on campus at U of T (under $15)
Eat on campus at U of T for under $15 most days. The residence dining commons, the St. George food halls, and free programs like the UTSU Food Bank.
U of T tuition due date: Sept 30
Your U of T tuition is due September 30, 2026. What to do in your first week, F!rosh Week, and the money moves that set up your term.
U of T housing: residence costs & where to live
The cheapest U of T residence is a $9,000 Innis double with no meal plan. What on-campus and off-campus housing cost across all three campuses.
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Does the University of Toronto use OSAP?
Yes. OSAP is Ontario's student aid program, and U of T is an OSAP-approved school. If Ontario is your province of residence, you apply through OSAP for grants and loans. Your province of residence is generally the last province you lived in for 12 consecutive months outside of full-time study.
Can I get OSAP as an out-of-province student at U of T?
You apply to your home province's program, not Ontario's. A student from Alberta studying at U of T 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 U of T awards?
Some admission awards are automatic based on your admission average, but awards based on financial need, leadership, or community involvement need the Awards Profile. Automatic consideration covers far less than students assume, so fill out the profile if you're eligible.
What happens if my student aid doesn't cover my tuition?
You're responsible for the shortfall by the payment deadline. Options include UTAPS, U of T's emergency assistance grants, a fee deferral, or a student line of credit, in roughly that order, since grant money doesn't have to be paid back.
Do I need to file taxes as a U of T 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.
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