Fall Program Delivery & Services: visit the Smith info page for updates regarding the reopening of the University in Fall 2021.

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Financing

Student Line of Credit (Domestic Students)

RBC

RBC Student Line of Credit

Smith School of Business has partnered with RBC to offer a student line of credit tailored to your needs. We recommend you reach out to one of the contacts to the right, as they are familiar with our program and your financing needs.

Alternatively, please contact the RBC Advice Centre at 1-800-769-2511 or visit your local RBC branch to speak to an advisor.

Canadian citizens and permanent residents of Canada only. Acceptance to the program does not guarantee or imply qualification for financing.

RBC Contacts
Julia Perkins
julia.perkins@rbc.com
1.613.546.3602

Vivien Threlfall
vivien.threlfall@rbc.com
1.613.376.3189

Suzanne Doherty
suzanne.doherty@rbc.com
1.613.544.5640

Student Loan (International Students Only)

MPOWER

MPOWER Financing

MPOWER Financing offers loans to international students. To learn more or to start an application go to the MPOWER Financing website.

Questions? mpower.me@mpowerfinancing.com

Prodigy

Prodigy Finance

Prodigy is no longer accepting loan applications for students beginning programs between October 2020 to June 2021. They may restart lending in July 2021. We will update this page as information changes.

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 Smith'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, may be 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.