How to Finance your MBA
Canadian Resident Loans
Canadian residents should also consider provincial student loans and the Canada Student Loan program. Applications are available through your home province.
International students should research the NAFSA web page. Some students have been successful in obtaining loans through these organizations, specifically if they have a United States resident who is willing to cosign with them.
Ontario Student Loan Program information is available at the OSAP website.
Why should you secure pre-approval?
Tuition loan pre-approval will ultimately save you time. While credit approval does not guarantee acceptance into the University of Guelph's MBA program, your financial application submitted at the same time as your University of Guelph's MBA application will give you a head start, and ultimately peace of mind.
Graduate Scholarships Opportunities that we would like to highlight for you:
- SSHRC Canada Graduate Scholarships
- Ontario Graduate Scholarships (OGS)
- Nora Cebotarev Memorial Graduate Scholarship
- GFTC Legacy Fund Graduate Scholarships
- Connor, Clark and Lunn Financial Group MBA Scholarship
- Other Scholarship Opportunities
For more information on Graduate Scholarships/Awards, please contact the Office of Graduate Studies: firstname.lastname@example.org.
Please consult the central Graduate Awards Search tool to explore relevant opportunities.
StudentAwards.com is a FREE scholarship search service devoted to helping graduate (as well as high school seniors, university undergraduate and college) students find information on scholarships, bursaries, grants and other forms of financial assistance. They also offer unique scholarships to their online members that are only available on studentawards.com.
Their mission is to help students achieve their dreams of higher education by providing quick and easy access to information on educational scholarships, bursaries, grants, fellowships and other forms of financial assistance. They help students define their scholarship needs and develop strategies to win awards. They are dedicated to bringing students and financial awards together.
Personal Income Tax of Tuition Fees
University of Guelph's MBA participants who pay all or part of the program fee personally are eligible to claim a tuition tax credit. Typically, tax savings are equivalent to 25% of the eligible tuition fee.
For more information, ask your professional income tax advisor to give you an explanation of the full impact of fees on your personal income tax situation.
You and your significant other may be eligible to make tax-free withdrawals from your RRSPs of up to $20,000 each over two years to help fund your education. Please contact your income tax advisor for details. For more information, visit the Government of Canada Lifelong Learning Plan (LLP) website.
Sponsoring an employee in University of Guelph's MBA program is a wise and cost-effective business decision for most organizations, since they'll be adding to the skill set of their most promising managers.
To help you seek support from your organization, please do not hesitate to contact our office at 1-888-622-2474 if you require further MBA program information. There are other options available to help support the financing of your University of Guelph education, and we suggest speaking with your bank, financial advisor and also browsing through the Internet.