University of Toronto Schools:
Is committed to accessibility for all students who are admitted to UTS.
Recognizes the financial constraints upon those who qualify.
Will allocate available funds using a process that is consistent, equitable and strives to match available funds to need as closely as practical each year.
Will aim to increase available bursary funds commensurate with the increase in tuition.
Will draw bursary funds from the UTS Foundation and the “top up” funds raised through annual giving.
Engages Apple Financial Services to provide analysis and recommend financial assistance; the UTS Bursary Committee places significant reliance on the recommendations made by Apple Financial, however, the Committee makes all decisions about the actual amounts of assistance offered.
Requests each family offer to pay as large a portion of tuition as they are genuinely able to.
Ensures that applications for financial assistance are reviewed and evaluated independently from admission applications.
Is committed to the assessment of financial need based on three categories of criteria:
Primary criteria (includes income and net worth).
Secondary criteria (includes number of children, childcare costs, other UTS students and dependents).
Tertiary criteria (includes vacation, camps, lessons, sports/arts (recognize international competitors as a special category), transport to school, age and type of work performed by parents, and discretionary spending).
Will grant bursaries ranging from 5% of tuition fee to full bursary support, including the enrolment fee for new students.
Measures of successful bursary allocation:
At least 20% of UTS students are on bursary support, ranging from 5% to 100% of tuition.
Average bursary size is at least 35% of tuition fee.
Returning bursary students receive at least the same bursary support compared to the prior year, given a similar financial situation.
Socio-economic diversity is supported through this program.
Bursary eligibility guidelines and conditions:
UTS requires that all published deadlines be met by the bursary applicant.
Applicants must submit the required documentation from both parents, unless they are deceased.
Applications to be complete, with all supporting documentation attached.
An accurate assessment relies on the integrity, completeness and truthfulness of the applicant’s submission.