Courses at University of Toronto

University of Toronto fees for Indian students vary significantly by programme and faculty. Selected 2026 - 27 PG programmes cost CAD 46,080 - 76,890 (INR 31.13 - 51.94 lakh), while selected UG programmes cost CAD 50,490 - 72,860 (INR 34.11 - 49.22 lakh). The Rotman MBA has a first-year tuition fee of CAD 71,670 (INR 48.41 lakh).

• IRCC living funds: CAD 23,448 (INR 15.84 lakh) for one year, excluding tuition and travel
• UHIP 2026/27: CAD 948 (INR 64,037)
• Rotman MBA deposit: CAD 5,000 (INR 3.38 lakh), credited toward tuition
• Pearson Scholarship nomination: September 2027 intake closes on October 9, 2026

Housing should be planned early because Toronto living costs vary by location and housing type. University residence can offer more predictable costs, while private accommodation around the St. George campus may require a 12-month lease and separate utility payments. For the MBA route, the estimated first-year cost is around CAD 96,301 - 106,818 (INR 65.05 - 72.16 lakh) before airfare and loan charges. The university’s 2027/28 Rotman fee report shows higher entering-class tuition, so students should recalculate their total budget after receiving an offer.

Note: Exchange rate used is: 1 Canadian dollar (CAD) = Indian rupee (INR) 67.55, as of 6 October 2026.

Also check, Study in Canada: Top Universities, Admissions and Deadlines

University of Toronto Tuition Fees by Programme

The University of Toronto sets tuition by faculty and programme, rather than using one flat international rate. Students should therefore check separate fees for Rotman, Engineering, Arts and Science, Information and Social Work.

University of Toronto Postgraduate Fees: September 2027

Selected 2026–27 postgraduate programmes have tuition ranging from CAD 46,080 (INR 31.13 lakh) to CAD 76,890 (INR 51.94 lakh). These figures cover the published 2026–27 international Fall-Winter billing year.

• Rotman professional programmes carry the highest PG tuition, especially Financial Risk Management and MBA.
• Engineering can be completed intensively in one year, but visa and work-permit planning may favour longer study.
• UHIP is billed separately in the fee report at CAD 948 (INR 64,037).
• The Master of Finance and Management Analytics extend beyond one academic year, so later billing may change.

University of Toronto Undergraduate Fees: September 2027

Selected 2026–27 undergraduate programmes have annual tuition ranging from CAD 50,490 (INR 34.11 lakh) to CAD 72,860 (INR 49.22 lakh). These fees are charged annually for the listed direct-entry or faculty-based programmes.

• Engineering has the highest UG tuition among these routes because it is a professional faculty fee.
• Arts and Science covers broad first-year routes, including Computer Science and Commerce entry streams.
• The Bachelor of Information is moving into a four-year direct-entry model for September 2027.
• Use the Ontario Universities’ Application Centre (OUAC) route for most UG applications.

University of Toronto Fee Trend by Year

University of Toronto international UG tuition has stayed high, but the movement differs by faculty. Engineering rose from CAD 67,370 (INR 45.50 Lakhs) in 2023/24 to CAD 72,860 (INR 49.22 Lakhs) in 2026/27.

• The four-year Engineering tuition-only total changes by INR 3.72 Lakhs between 2023/24 and 2026/27.
• A September 2027 applicant should use the offer-letter fee year before final loan sanction.
• Automatic UG scholarships reduce only the first-year pressure, not all four tuition years.

Cost of Living in Toronto for Indian Students

Toronto living expenses start at CAD 23,448 (INR 15.84 Lakhs) under the IRCC support requirement. University residence can cost more, but it bundles location certainty and fewer private-lease risks.

• St. George is downtown Toronto, so commute savings can partly offset higher residence cost.
• Mississauga and Scarborough campus choices change both rent and transit time.
• Private leases may require first and last month rent before arrival.
• Residence fees may include meals, while private rent often excludes groceries and utilities.

Private Housing Near Toronto Campuses for Indian Students

University rental snapshots show rent changes by campus area. These figures are asking-rent context, not guaranteed averages.

Total Cost of Studying at University of Toronto

The University of Toronto total cost for the MBA first year is about CAD 96,301 (INR 65.05 Lakhs) to CAD 106,818 (INR 72.16 Lakhs). This first-year budget includes tuition, living support, UHIP, study permit and biometrics.

• Mandatory fees here include UHIP, study permit and biometrics.
• The CAD 5,000 (INR 3.38 Lakhs) MBA deposit reduces tuition, so it is not counted twice.
• Airfare, winter clothing, laptop, loan processing and private rent deposits remain excluded.
• The full two-year MBA tuition at current rates is CAD 143,340 (INR 96.81 Lakhs).

An education loan near INR 1 Crore usually means an EMI of about INR 1.35 Lakhs per month over 10 years at 10.5%. The MBA route should therefore be tested against scholarship, savings and post-study work plans.

University of Toronto Scholarships for Indian Students

University of Toronto scholarships can help reduce the first-year financial burden, but the Pearson Scholarship is the main award that can cover the full undergraduate cost pathway for international students. Most other international scholarships are either automatically considered or tied to specific application deadlines.

• Pearson is the only listed route that can replace tuition and residence planning for UG.
• Automatic UG awards help Year 1, but families must still fund later years.
• Rotman awards are competitive, so Round 1 and Round 2 timing matters.
• Major Indian external PG awards for 2026 entry have closed, based on provider timelines.

University of Toronto Tuition Deposit and Payment Options

The University of Toronto does not have one standard deposit for all programmes. The MBA deposit is CAD 5,000 (INR 3.38 lakh), while many graduate programmes specify their own payment requirements.

University of Toronto uses ACORN for student invoices. ACORN means the university student account system, where tuition, residence and service charges appear.

• Use Flywire or Convera for international tuition and residence payments.
• U of T says it does not accept direct wire transfers for student account payments.
• A forex card can reduce currency spread by about 2% to 3% against unsupported bank routes.
• Education-loan disbursement should quote the exact ACORN amount and deadline.

1. Accept the offer and read the programme-specific deposit rule.
2. Pay the deposit or minimum registration amount through an accepted route.
3. Use the Letter of Acceptance (LOA) for the Canadian study permit file.
4. Pay the remaining balance by the ACORN term schedule.
5. Keep every receipt for the visa and loan files.

Hidden Costs of Studying at University of Toronto

Hidden costs before September 2027 can total around CAD 7,183 (INR 4.85 lakh) before travel. The main early expenses include the MBA deposit, UHIP, study permit fee and biometrics.

• The study permit fee is CAD 150 (INR 10,132).
• The biometrics fee is CAD 85 (INR 5,742).
• UHIP is CAD 948 (INR 64,037) for 2026/27.
• MBA deposit is CAD 5,000 (INR 3.38 Lakhs), credited toward tuition.
• Graduate House confirmation deposit is CAD 1,650 (INR 1.11 Lakhs), where that residence applies.
• Private rentals may require first and last month's rent before move-in.

Cash Needed Before Arrival: Rotman MBA Route

Budget around INR 5.29 lakh for verified pre-arrival costs on the MBA route. Airfare, laptop, winter clothing and loan processing charges are separate expenses.

Fee Saving Strategies for Indian Students

The most urgent saving route for September 2027 is deadline-based funding. Pearson closes first, while Rotman awards are stronger in earlier admission rounds.

• Submit Pearson nomination paperwork by 9 October 2026 for UG full-cost funding.
• Choose campus housing only after comparing meal inclusion, lease length, and commute.
• Use Flywire, Convera or a forex card to control conversion spread.
• Claim Section 80E interest deduction when an Indian education loan is used.
• Plan for Post-Graduation Work Permit (PGWP) eligibility before shortening programme duration.

The PGWP is Canada’s post-study work permit route for eligible graduates. Master’s programmes of at least eight months can support up to three years of work permit eligibility, subject to IRCC rules.