Financing

RBC

Student Line of Credit
(Domestic Students Only)

Smith School of Business has partnered with the local Kingston branch of RBC Royal Bank to offer a student line of credit tailored to your needs. We recommend you contact the local Kingston branch below as they are familiar with our program and your financing needs.

Acceptance to the Queen’s MIB program does not guarantee or imply qualification for financing.

RBC Royal Bank
Canadian citizens and permanent residents of Canada only.
Suzanne Heyes
suzanne.heyes@rbc.com
613.545.5755
1.800.769.2511

Prodigy

Student Loan
(International Students Only)

Prodigy Finance Ltd offers loans to international students. To learn more or to make an application go to the Prodigy Finance website.

Note: acceptance to a program does not guarantee or imply qualification for financing.

Government Loans and Programs

(for Canadian citizens/permanent residents only)

The government of Canada and its provinces offer a variety of loans and programs to help domestic applicants cover the cost of graduate school. If you are an international student we recommend that you also check with your home country.

Candidates may apply for needs-based government student assistance programs, such as the Ontario Student Assistance Program (OSAP) for Ontario residents.

View scholarships

Exchange/Double Degree Bursaries

If you are accepted to the Queen’s Master of International Business program, you will then have an opportunity to apply for a bursary from the Queen’s Student Awards department for the time you will spend abroad at a partner university. Both single degree and double degree students may apply for a bursary. More details on how to apply for these bursaries will be made available in a subsequent newsletter.

Please note that the Queen’s Student Awards office will take into account the cost of living at each partner university when making their decisions.

Financial Aid for International Applicants

Here are two resources that international candidates are eligible to pursue:

International candidates are also encouraged to research student loans in your home country. You should contact the appropriate student loan processing agency in your country for further information.

Personal Income Tax Treatment
of Tuition Fees

Participants who pay all or part of the program fees personally are eligible to claim a tuition tax credit on the tuition portion of the fees. For more information, ask a professional income tax advisor to give you an assessment of the impact of your tuition on your personal tax situation.

RRSP Withdrawals

You and/or your spouse may be eligible to make tax-free withdrawals from your RRSP's to help fund your education. Please contact your financial advisor for details.