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Student Financial Assistance and Awards

Cost of Attending Ryerson

Regardless of the educational institution or course of study, post-secondary education is expensive. Students are advised to prepare a realistic budget, opens in new window reflecting their own situation, taking into consideration academic expenses, personal expenses, accommodation and transportation costs.

Please refer to the section Fees/Financial Information for complete details on University fees. Fees are subject to change each year.

Academic Expenses: Books, paper, pens, calculators, drawing equipment, binders, project materials, typing, cameras, dance shoes, etc., are all considered academic expenses. The requirements vary widely depending on the program. New students should speak to senior students and academic advisors, for guidelines before making any purchases. Book lists are available during the first week of classes. Do not make any purchases before seeing each professor or academic advisor unless specifically directed otherwise.

The following represents some expenditures that students will also need to consider.

  • Transportation
  • Pocket Money
  • Entertainment
  • Clothing
  • Living Away From Home (Rent, Food)

Ryerson provides many resources to help students plan for these added expenses, including:

Scholarships and Awards

There are many awards, opens in new window available to both new and returning Ryerson University students. Some awards are automatically granted while others require an application via AwardSpring. 

The University greatly appreciates the federal and provincial governments, foundations, industrial and business firms, technical and professional associations and individuals for their contributions to the bursaries, scholarships and other awards received by students attending Ryerson.

Awards are based on a combination of criteria that include, but are not limited to, two or more of the following: academic achievement, financial need, other donor specific requirements such as community involvement, disability, extra-curricular activities, or travel, etc. Awards may be one-time only or renewable with the student’s continued compliance with the award criteria.

The term “awards” refers generically to all awards, bursaries and

solely offer assistance to students with financial need. They are offered through the University, faculties, academic programs, and non-academic departments.

For more information about the Ryerson Emergency Bursary, please visit Ryerson’s Student Financial Assistance website, opens in new window.

Scholarships are based on overall academic excellence and/or non-academic achievement in a specific course or program of study. Scholarships may be one-time only or renewable with the student’s continued compliance with the award criteria.

Additional details regarding awards and scholarships are published annually on Ryerson’s Awards and Scholarships website, opens in new window.


Ryerson is pleased to recognize the academic achievements of the first-year class upon admission to the University with more than $4-million designated for scholarship support.

All Ryerson Entrance Scholarships and Renewed Scholarships are deposited directly into students' tuition fees which can be viewed on their RAMSS ( account.

For detailed information and eligibility criteria, or to print a copy of an application, please visit Ryerson's Entrance Scholarships and Awards website, opens in new window.


Financial Assistance and Ontario Student Assistance Program (OSAP)

The Ontario Student Assistance Program (OSAP) provides financial aid to students enrolled in postsecondary studies.

OSAP is intended to supplement a student’s financial resources and contributions toward their education. OSAP provides financial aid to eligible Ontario students to help pay for educational-related costs such as:

  • tuition
  • books
  • compulsory fees
  • transportation and
  • associated living costs

It is important to remember that once you have received a federal and/or provincial student loan, it is your responsibility to understand and respect the terms and conditions of your loan agreement.

There are two different types of OSAP applications, depending on how many courses you are taking and your program. 

A full-time student is defined as a student enrolled in a minimum of 3 courses per semester (60 percent or more of a full course load each term; minimum of 2 courses units for students with a permanent disability).

A part-time OSAP student is defined as a student enrolled in 1-2 courses (40 percent or more of a full course load each term; or 1 course for students with a permanent disability).*

*Graduate students follow a different set of guidelines to determine full-time and part-time OSAP status. Visit Student Financial Assistance’ Information by Student Group website for more details.

Detailed information on eligibility, application forms and deadlines are available on the OSAP website, external link, opens in new window and the Student Financial Assistance Office website, opens in new window. If you would like to speak to a financial assistance advisor, please contact us via the ServiceHub, opens in new window.

Out-Of-Province: If you have residency from another province in Canada (outside Ontario), please visit the Provincial and Territorial student aid offices website, external link, opens in new window. There is additional information available on Ryerson's Student Financial Assistance website. 

U.S.A. citizens/permanent residents:  US citizens and permanent residents interested in applying for federal student aid should visit the Student Financial Assistance website for information, opens in new window.

The International Student Support webpage, opens in new window lists a number of financial assistance and scholarship programs available for international students.