All Victoria students who are in financial need, and who have exhausted other resources may apply for bursaries (non-repayable grants). Bursaries are designed to assist students during the Fall/Winter academic session (September-April) or the Summer session (May-August) who have first explored all other avenues of financial assistance and who are still encountering financial difficulties or experience a sudden change in their financial situation. Students applying who are ineligible for government assistance are asked to explain why they are ineligible in their application.
In addition to the many regular bursaries offered by Victoria College, there are a number of special bursaries with specific terms for which eligible students may apply. If applicable, you may indicate the name(s) of specific special bursaries in the personal statement of your online bursary application. For a complete list of all awards at Victoria College, please refer to the Student Awards and Benefactors booklet.
Please carefully read the information below before submitting your online application. (RE-OPENING IN LATE SEPTEMBER)
Students are welcome to meet with a financial aid counsellor in the Registrar's Office if they have concerns about their financial situation.
1. Who is eligible to apply?
Victoria College full-time (3.0 or more full credits for fall/winter session/1.5 or more full credits for summer session) undergraduate students who are pursuing their first undergraduate degrees who have financial need may apply for bursary assistance. Undergraduate students pursuing their degrees on a part-time basis (less than 3.0 full credits) may apply for financial assistance through the Noah Meltz Program of Financial Assistance from Enrolment Services. Bursaries are not intended to fund non-educational expenses or to repay your debts.
Students who are assessed by OSAP as requiring maximum assistance may be eligible for a University of Toronto Advance Planning for Students (UTAPS) grant. The Bursary Committee will not assess applications from students who may be eligible for UTAPS until the assessment is available in early November. Please do not submit an application until the UTAPS information has been received as your financial need will likely be met by UTAPS. Out-of-province students must first apply for UTAPS prior to submitting an application for a college bursary.
International students are eligible to be considered for grant assistance; however, because Canada Immigration requires all international students to show that they have adequate resources before being admitted into Canada, a grant will normally be awarded only if there is evidence that the student's circumstances have changed since his/her arrival. In no instance is the amount sufficient to cover a student's total university costs. You may pick up a grant application from the Victoria College Registrar's Office.
2. How do I apply?
Submit an online bursary application (secure link found below). You will need to submit your UTORid and password for authentication. Please ensure that all sections of the application form are filled out, including a detailed personal statement. An incomplete application will result in delays in the bursary assessment. The personal statement should be drafted ahead of time as the online application does not allow you to save your entries. Please be as detailed as possible to give a complete explanation of your financial circumstances. All financial values should be rounded up - do not enter any decimal values. Remember to print a copy of the application for your records prior to submission.
3. How much money will I receive?
Bursary funds are a source of financial assistance to cover modest, and often unexpected, shortfalls of income, rather than as a principal resource. In no instance is the amount sufficient to cover a student’s total university cost.
4. When will I hear if I received a bursary?
Decisions are made within 3-4 weeks of submission of an application provided OSAP/UTAPS amounts are confirmed and verified. You will receive notification by email once your application has been assessed. (Decision letters for bursary applications from international students will be sent from the University of Toronto's Enrolment Services Office.) It is important to ensure that your mailing address is correct on ACORN. An invalid mailing address may prevent the processing of any bursary payments or refunds from your ACORN student account. For faster award processing we recommend that students set up Direct Deposit in ACORN (click here to watch a demonstration for Direct Deposit Set Up. Look under Finances).
5. If I have been granted a bursary earlier in the year, can I apply for a second bursary?
Bursary assessments are based on the entire eight-month academic year (September-April) that you are registered, or the entire 4-month summer academic session (May-August). Unless there has been a significant change in your financial circumstances, second bursaries are rarely granted. Due to the College’s limited bursary funds, priority is given to first-time applicants.
6. Where can I obtain financial information and counselling?
The Registrar’s Office is your information and counselling centre. To make an appointment with our financial counsellor, email email@example.com or call 416-585-4435.
7. How are the funds disbursed?
If a bursary is granted, the amount will be applied first towards any outstanding tuition, incidental or residence fees in your student account. Any credit amount remaining will be issued to you as a refund. Direct deposit is the preferred method of issuing refunds by the University of Toronto Student Accounts Office, and may be set up on ACORN (click here to watch a demonstration for Direct Deposit Set Up. Look under Finances). Refunds may also be sent to the current mailing address (as listed on ACORN). Please allow up to two weeks for the bursary funds to be processed to your student account.
Students may apply for general bursary funds and/or bursaries with specific terms (some are listed below). Also see the Bursary section of the Student Awards and Benefactors PDF. Students who would like to be considered for a specific bursary should indicate the award name in the personal statement of the online bursary application.
9. OSAP Exemption
Students who receive OSAP/government aid are required to report any awards or scholarships that they receive during the academic year to Enrolment Services. These funds may automatically be subject to OSAP exemption, but students are responsible for verifying this by reporting the awards to Enrolment Services.
10. Student Fixed Contribution
Both the province and the university expect students to contribute a maximum of $3,000 towards their educational expenses for the academic year. Many students meet this commitment via pre-study period employment, or part-time employment during the academic year. It is expected that students meet the fixed rate contribution of $3,000 before applying for a college bursary.
Inquiries: email firstname.lastname@example.org and include your student number.
Victoria College encourages students to gain international experience by participating in study abroad including University of Toronto Centre for International Experience exchanges, the Summer Abroad courses, independent study abroad experiences, international field trips required by academic programs, academic research opportunities and conference presentations. To help realize these international experiences learning, students may be eligible to receive financial aid from Victoria College in the form of International Experience Bursaries. Award values vary according to student need and funds available (up to $2,500 for summer/one term, or up to $4,000 for full-year exchange).
Students who are pursuing independent research or study abroad must be officially enrolled in a UofT course on ROSI (or have pre-approval for the course from their program departments) before applying for a Victoria College study abroad bursary.
Confirmation of your registration or participation in the intended study abroad course/program and submission of the "Assumption of Risk and Release from Liability" form will be required prior to the release of any approved funding. The liability form will automatically be emailed to you once you submit the online application.
If a study abroad bursary is granted, the amount will be applied first towards any outstanding tuition, incidental or residence fees in your student account. Any credit amount remaining will be issued to you as a refund. Direct deposit is the preferred method of issuing refunds by the University of Toronto Student Accounts Office, and may be set up on ACORN. Refunds may also be sent to the current mailing address (as listed on ACORN). Please allow five to ten business days for the bursary funds to be processed to your student account. Students may be expected to repay all or part of their bursary if they withdraw from the study abroad or exchange program for which the funds were intended.
Other travel funds may be available through the Dean's Experience Enhancement Fund which provides financial assistance for out-of-classroom experiences. Contact the Dean's Office at email@example.com for application information.
Students may apply for general study abroad bursary funds. There are a few bursaries which provide support to students going to a particular location (listed below). Students who would like to be considered for a specific bursary should indicate the name of the bursary in the personal statement of the online bursary application. Due to the availability of funds, some bursaries may not be offered every year.
To access the secure online application, you will need your UTORid and password for authentication. Please draft your responses ahead of time as the online application does not allow you to save your entries. Where applicable, please indicate the UofT course code for your study abroad course. All financial values should be rounded up - do not enter any decimal values. Remember to print a copy of your application for your records prior to submission.Inquiries about awards, email firstname.lastname@example.org. For inquiries about participating in Study Abroad, email email@example.com.