For most of the programs offered through CIE you will continue to be registered as a U of T student. This means you will remain eligible for many of the loans, scholarships and bursaries available to U of T students, including government assistance such as OSAP and other provincial, territorial or federal loan programs.

Financial difficulties should not prevent students from gaining the international experience that studying and living abroad can provide. U of T offers a variety of scholarships and bursaries through the CIE and various other offices. Please inquire at your college or faculty for this information or visit the U of T funding section below.


Costs Before you go on exchange you need to think carefully about your expenses – find tips and details here
OSAP If you are currently eligible to receive OSAP you will continue to be eligible during your exchange
CIE Funding Find a scholarship or bursary through the CIE to help fund your exchange
Needs-based funding How to demonstrate financial need
Forms The CIE Funding Application form for 2018-2019 will be available in November 2017.
U of T funding Find exchange funding through U of T


Before you head out on exchange, you’ll need to think about what expenses you can expect. You will pay tuition and incidental fees to U of T, but there will likely be many additional costs involved that you will have to cover yourself while abroad.

The office of Admissions and Awards has a budget tool that may help you with your personal finances.



For most CIE Exchange programs, you will have to pay regular full-time tuition and incidental fees to the University of Toronto. You will not have to pay tuition fees to your host university unless you are participating in a Self-Designed Program.


Exchange rates

Exchange rates can fluctuate quickly and can vary greatly from country to country. There are many exchange rate sites (e.g., Universal Currency Converter) that can help you calculate (approximately) the difference in cost of living.


Total cost of an exchange

When estimating the total cost of an exchange, there are many expenses to take into account. The following is a list of the basic categories that your expenses will fall into. Keep in mind that costs will change from country to country:

  • U of T tuition and incidental fees
  • Miscellaneous host university costs (these may include sports fees, student fees, etc.)
  • Travel costs (return airfare, transportation within host country)
  • Mandatory supplementary health insurance
  • Room and board
  • Transport (e.g., airfare, public transit, purchasing a bicycle, etc.)
  • Clothing and other personal items
  • School supplies
  • Phone calls
  • Field trips (if applicable)
  • Entertainment
  • Unforeseen expenses (e.g., medical care, emergency transportation, disasters, legal or diplomatic costs, etc.)

Estimates for some of the above costs can be found on many of the partner universities' websites, which you can access through the CIE International Opportunities search tool. Note that the cost of living for an exchange may vary substantially from these estimates depending on your choice of accommodation, recreation, food, etc. If the estimated costs provided by the host institution seem too high, remember that there are often small ways in which you can change your lifestyle to save money. That said, it is common to spend more than anticipated while studying abroad.


While studying abroad through CIE you will likely still be registered as a full-time student at the University of Toronto. This means that if you are currently eligible to receive OSAP, then you will continue to be eligible during your time abroad.


Amount of funding

If you will receive U of T credit or transfer credit for your study abroad program, then you are eligible to receive the same amount of OSAP that you would receive here at U of T. However, differences in the cost of living between Toronto and your destination abroad will not affect your eligibility or the amount of funding you get.

If you are studying for internship credit you may or may not be eligible to receive OSAP for your time abroad. This depends on how much money you earn for your internship work, as well as the duration of your studies and the academic credit you receive.


Application timing

You should always apply by the OSAP deadline to ensure that your paperwork is completed on time.

If you will be studying abroad for the summer or have a July start in the southern hemisphere, then you will have to apply using the previous year's application (if you already have an active application for that year). All other students can apply at the regular time, online as usual.


Required supporting documentation

You will need to submit the Exchange Studies Cover Sheet  with your OSAP application supporting documents.


Funding from Other Canadian Provinces

If you are applying for funding from a province or territory other than Ontario, it is important to contact the Out-of-Province Financial Aid Team at Enrolment Services as soon as you know that you will be taking part in an exchange program. Please contact the Out-of-Province Financial Aid Team ( prior to applying to your home province/territory for your exchange term. This will ensure that your application information, such as study period dates, is correct before you submit the application.

CIE Funding

CIE Funding for 2018-2019 is under review

The Centre for International Experience administers a variety of scholarships and bursaries – scroll down to learn more about these awards.

To apply for CIE Funding listed in this section, you must download and complete the CIE Funding Application Form (PDF) and submit it online along with your CIE online application.

Applying for CIE funding will have no bearing on the nomination decision. Students who have not received CIE funding in the past will be prioritized.

The deadlines to submit the CIE Funding Application Form form are:

  • 2017 Undergraduate Summer Research Exchange Program: December 2, 2016
  • 2017-2018 Exchange Program (Fall/Winter/Full Year): January 13, 2017
  • Other 2017 Summer programs  Multiple deadlines (View summer program deadlines through the CIE Opportunities Tool.)

The amount of funding available is limited. In determining awards, CIE will prioritize funding to students with the highest financial need and who have not participated in a CIE international opportunity before. Students are eligible for a maximum funding of $6000 (which includes needs-based funding) over their degree studies at University of Toronto. 

If you have any questions regarding your funding application, please contact


CIE International Program Bursary (financial needs based)

CIE International Program Bursary is available to assist students with demonstrable financial need. Students are expected to contribute, as well, to the cost of going on exchange. 


  • U of T student participating in a CIE international program
  • Must be a Canadian citizen, permanent resident or protected person
  • Must demonstrate financial need (See Needs-Based Funding for details.)


CIE Summer Research Exchange Program (SREP) Award 2017

The award is available to students participating in the Summer Research Exchange Program. The award is intended to cover airfare, accommodation and meals, but it may not cover the full cost of going abroad. It does not cover tuition fees. Students must identify if they are receiving any funding from external sources. 


  • Open to domestic and international students. (NOTE: domestic applicants can apply for both CIE International Program Bursary and SREP Award; international applicants can apply only for SREP Award. Submit only one CIE funding application but check all relevant funding opportunities.)
  • Undergraduate U of T students participating in a CIE Summer Research Exchange Program (SREP).


Canadian Friends of Hebrew University of Jerusalem Award (financial needs based)

This financial needs-based award is available for study (Fall/Winter or Summer) at Hebrew University of Jerusalem.  Students must demonstrate financial need. The award amount may cover airfare, accommodation and meals. The award does not cover the program or tuition fees.
Applicants who have not received this award in the past will be prioritized.
  • Current U of T degree student (undergraduate and graduate) nominated by CIE for a program at the Hebrew University of Jerusalem
  • Must be a Canadian citizen, permanent resident or protected person
  • Must demonstrate financial need (See Needs-Based Funding for details.)


C. D. Howe Memorial Foundation Scholarship

C. D. Howe Memorial Foundation Scholarship is a merit-based scholarship awarded to undergraduate students selected for the exchange program between Laval University and the University of Toronto. 

The value of the scholarship is approximately $16,000.


  • U of T student participating in a CIE exchange program at Laval University
  • Must be enrolled in the Faculty of Arts & Science in a minor, major or specialist program in Economics, History or Political Science, or in an interdisciplinary program such as International Relations or Peace, Conflict and Justice.
  • Must be a Canadian citizen, permanent resident or protected person.

Information about the C. D. Howe Memorial Foundation Scholarship


Killam American Fund for International Exchange

This award is for undergraduate students who are participating in exchange programs between U of T and U.S. universities. 


  • Undergraduate student
  • May be either legal residents of the United States who are studying on exchange at U of T or U of T students studying on exchange at any U.S. partner universities


Mari-Ellen Murray Memorial Award (financial needs based)

This award provides financial assistance to U of T students with financial needs who are participating in an exchange program.

The value of the award is approximately $1,500.


  • Must be a Canadian citizen, permanent resident or protected person.
  • Must demonstrate financial need. (See Needs-Based Funding for details.)
  • Students must have achieved B+ average.
  • Preference will be given to multilingual students with an interest in experiencing other cultures, who can demonstrate both involvement in the community and extra-curricular activities.


Pekka Sinervo International Travel Award (financial needs based)

This award provides financial assistance to a U of T Faculty of Arts & Science student who plans a period of exchange program study at an international post-secondary institution. 

The value of the award is approximately $500.


  • Must be a Faculty of Arts & Science student
  • Must demonstrate financial need. (See Needs-Based Funding for details.)
  • Open to domestic and international students participating in CIE exchange program


St. George's Society Award  (financial needs based)

This award is to be awarded to a graduate or undergraduate student on the basis of financial need

The value of the award is $5000. 


  • Participating in the CIE exchange program in the United Kingdom.
  • Must be a Canadian citizen, permanent resident or protected person.
  • Must demonstrate financial need. (See Needs-Based Funding for details.)
  • Must have achieved a minimum B average.


Valio William Markkanen Award (financial needs based)

This award provides financial assistance to undergraduate or graduate students with financial needs who are participating in the CIE exchange program. 

The value of the award is approximately $800.


  • Must be a Canadian citizen, permanent resident or protected person.
  • Must demonstrate financial need. (See Needs-Based Funding for details.)
  • Preference will be given to students going to University of Helsinki.


DAAD (German Academic Exchange Service)

This prestigious funding agency administers multiple awards for study and research in Germany. Please see the DAAD North America website for details on the awards available. In many cases you make your application straight to the DAAD North America office.

As a partner institution, U of T receives and has an earlier deadline for some of the awards. In the following cases you should send your application to CIE by the earlier internal deadline:

DAAD graduate scholarship:

  • Long-Term Research Grants - available for research to candidates with a Master's degree or those who have already completed a PhD (postdocs), or to individuals wishing to earn a doctoral degree in Germany
  • Study Scholarships - available for a full master's degree program at a German university, or for study at a German university as part of a postgraduate or Master's degree program

*Deadline extended* Internal deadline for Research Grant and Graduate Study Scholarship is Friday, October 20, 2017.​

For internal review, submit a copy of your DAAD application to CIE, Room 209 33 St George St.

Your application for the internal review committee must include:

i.1 set of paper copies of your application summary which is generated from the DAAD online portal

ii.1 signed reference in a sealed envelope for internal review.

For Undergraduate Scholarships apply directly to DAAD by the deadline of January 31, 2018.

How to demonstrate financial need

How do I demonstrate financial need?

One of the main ways that students can demonstrate financial need is to show that they are eligible for government financial aid funding. Other factors, however, will be considered including family income, cost of the host country, the number of dependents in university, and any other unique circumstances. Please note, however, that the majority of students who request bursaries have high financial need with family income less than $80,000. These students will be prioritized first.

Students who have been out of secondary school for more than 4 years, or declared independent by the government financial aid organization, do not need to declare family income. Instead, they must disclose personal income including all funding packages received from other sources.

How is the financial needs based bursary amount calculated?

Students with high financial need will normally be eligible for funding up to the cost of the lowest economical airfare and a stipend to assist with the cost of accommodation and meals over and above the cost of living in Toronto. (Please note students living at home will still need to contribute to housing costs abroad.)

The bursary is not intended to cover the cost of tuition, vacation travel, leisure expenses, etc.

For example, a student travelling to the UK for one year would receive up to $3000 (air fare and cost of living adjustment).


Tips for applying for a bursary

  1. Submit on time. Our bursary resources are finite and awards will be distributed first to students who have submitted their applications on time.
  2. Be realistic. If you state that you need $10,000 and the Bursary Committee determines that the maximum award should be $2000, the Committee will assume that there is a significant enough gap that you do not have a reasonable to plan to afford to go away.
  3. Complete the form based on known information. We know that plans change and where you apply to go on exchange may not be where you end up going. What we are looking for is your current financial status and budgeting plan. We will adjust the amount accordingly if your destination changes.
  4. Apply for government student financial assistance. Bursaries are typically issued to students who demonstrate the greatest financial need, and having received government financial aid helps demonstrate this need.
  5. Don’t forget your own resources. We are here to help you pay for your own exchange. IF circumstances prohibit you from working as a means of contributing, then show that you’re prepared to invest in other ways such as reaching out to other funding partners.


The CIE Funding Application form for 2018-2019 will be available in November 2017.

U of T funding

The University of Toronto offers many awards which are either intended expressly for study abroad opportunities or which are indirectly applicable to your term abroad.

You can find listings of U of T Award Competitions and External Award Competitions on the Admissions and Awards website.

There are also many scholarships and bursaries offered by your faculty, department or college. Please scroll down to find the information that is relevant to you.


Faculty of Arts & Science

The Faculty of Arts & Science at the St. George campus has a number of awards for both undergraduate and graduate students. Among these, the following are notable for being specifically designated for travel abroad and have a March 15 deadline each year:

Dr. David Chu Scholarships in Asia Pacific Studies (unspecified amount, undergraduate or graduate)

Andrea and Charles Bronfman Student Awards in Israeli Studies (unspecified amount, undergraduate or graduate)

Associates of the University of Toronto Awards for Study of the United States ($2000 undergraduate/ $3000 graduate)

Barbara Frum Memorial Award in Canadian Scholarship ($5000, graduate only)

Walter and Mary Tuohy Award in Arts and Science ($2000, undergraduate only)


Departmental awards

East Asian Studies:



Rotman Commerce:

HSBC International Business Award

The award lowers financial barriers to international studies for Rotman Commerce students. Each year two students will be selected by CIE and Rotman Commerce to receive $10,000 each to help cover the costs associated with studying abroad. The Award will be granted on the basis of academic achievement, leadership and financial need related to the additional costs of completing an international university exchange program. 

In addition, the selected candidates will be eligible to apply for a summer internship with HSBC Bank Canada, as well considered for as a place in one of the international bank’s management trainee programs upon graduation.

To apply – complete application through the Rotman Commerce portal.


  • Rotman Commerce students who have been nominated for exchange at a partner institution.

Slavic Languages and Literature:

Estonian Studies:


College awards

Many U of T Colleges administer awards which require an application. You can find specific information at your own College Registrar's website:

Innis College

New College

St. Michael's College

  • The Celtic Studies Scholarships for Summer Study ($3500)
  • The St. George’s Society of Toronto Financial Awards ($300-1000)

Trinity College

  • Neil Reid McLeod Scholarship ($4000)
  • The William Rogers Memorial Scholarship ($1500)
  • The Martin Simpson Award ($3500)
  • St. George’s Society Awards (up to $2000)

University CollegeTravel Awards

  • The Elizabeth Brown Travel Award ($2000)
  • The Sally Croll Award for Study Abroad in French ($1200)
  • The Gladys Wookey Davis Travel Award in Drama
  • Elisabeth Destout Travelling Scholarship ($2000)
  • Margaret Jean Leppington Scholarship ($2000)
  • Jane McAdams Perron Scholarship ($3000)
  • Teetzel Travelling Award ($3000)

Victoria College

  • Study Abroad Funds (up to $2000; multiple)
  • The Bader International Bursary (up to $5,000 for summer and $10,000 for fall/winter/full-year towards studying at the Bader International Centre at Herstmonceaux Castle; Priority will be given to students of Victoria College)
  • Coburn Award (up to $20,000 towards a year of study in Israel)
  • The Murray and Katherine Corlett Award for International Study
  • The Sandra Irving Award for the Victoria/ Acadia Exchange
  • The James Morrow Bursary
  • The Richard Iorweth Thorman Award for International Study
  • The John Hamilton Watson Award for International Study Awarded
  • The Olga and Guido Pugliese Award in Italian Renaissance Studies

Woodsworth College


University of Toronto Mississauga

There are a number of awards for UTM students. Please see the Office of the Registrar's website for Scholarships and Awards information.


University of Toronto Scarborough

There are a number of awards for UTSC students. Please see the Office of the Registrar's website for Merit Awards and Scholarships, as well as the U of T Scarborough Student Academic Conference & Travel Fund.


Faculty of Applied Science & Engineering

There are a number of awards for undergraduate and graduate students in the Faculty of Applied Science & Engineering. In addition to the awards listed on the Faculty website, students who apply for the CIE bursary may be considered for APSC bursary help with no additional application.


Faculty of Law

There are a number of awards available for Law students. Please see the Faculty of Law's Bursaries and Scholarships page for detailed information.


Faculty of Kinesiology & Physical Education

There are a number of awards available for Kinesiology & Physical Education students. Please see KPE's Awards and Scholarships page for detailed information.


School of Graduate Studies

There are a number of awards available for School of Graduate Studies students. Please consult SGS's Financing Your Graduate Education page for detailed information.


New Doctoral Travel Award – The Weston Fellowship

The W. Garfield Weston Doctoral Fellowship Program will provide 16 U of T graduate students (from all divisions; must be a Canadian citizen) with a travel award of $50,000 to further their research and broaden their skills and networks in a global setting.

For more information about this new award and how to apply, please see the SGS website.