In addition to scholarships and awards, Canadian as well as international students have the ability to apply for financial aid:
New McGill Full-Time MBA financial aid packages are available for residents of Quebec, covering up to 75% of current tuition. To be considered a Quebec resident, students must meet all the criteria of one of the 14 situations outlined by the Quebec Government. MBA/Law program and the McGill-HEC Montréal EMBA program are exempted from this waiver.
Private institution credit lines and loans
Many students choose a credit line or loan to finance their MBA studies. The Desautels Faculty of Management has an exclusive partnership with Desjardins, Canada's largest financial cooperative group for Canadian citizens and permanent residents. These students can apply for a credit line of up to $90,000 at the lowest financing rates in the country (prime), which includes student-specific financial products and services. Learn more about Desjardins’ offer exclusive to Desautels MBA students.
Government loans and bursaries
Many federal and provincial government institutions provide funding for students:
- The Canadian Government offers a variety of programs to help students finance their education. To learn more, visit the Government of Canada website.
- To learn more about provincial loan programs visit McGill's Scholarships & Student Aid site.
- Quebec students wanting to learn more can visit the Quebec website.
Tax credits and RRSP withdrawals
All candidates should consult their tax advisor for further advice on their specific situation.
Tuition tax credit
Students may be eligible to claim a tuition tax credit, which allows students to reduce their income taxes by taking into account tuition fees. For more information please visit the Canada Revenue Agency website.
Note: Tuition fees paid by an employer on a student's behalf that are not included in income are not eligible for the tuition tax credit.
Education tax credit
Students may be eligible for an education tax credit. For more information please visit visit the Canada Revenue Agency website.
The student or their spouse may be eligible to withdraw annual amounts of up to $10,000 from their RRSPs to finance the student’s MBA education. For more information, visit the Lifelong Learning Plan (LLP).
International students may want to consult the following list of funding opportunities. This listing is not exhaustive and we encourage prospective students to consult their home countries for more information.
Prodigy Finance: Prodigy Finance has been revolutionizing student finance with non-cosigner loans, and focuses on funding international students admitted into the world’s top postgraduate business school programmes. Loans are funded by our high-powered network of alumni, entrepreneurs and investors with an interest in your future. You can begin applying for a potential loan that could cover up to 100% of your tuition.
Fundação Estudar, Caixa postal 11.237, CEP:05422-970, São Paulo-SP, Brasil
Comision Nacional de Investigacion, Moneda 1375, Santiago de Chile. Mesa Central: 2 2365 4400
COLFUTURO, Carrera 17 No. 39A-00, Santa Fe de Bogota, Colombia
ICETEX, Conserjeria para Estudios en el Exterior, Carrera 3, No. 18-32, Columbia
State Education Grant (SU), Danasvej 30, 1780 København V, Denmark, +45 3326 8600
Liikesivistysrahasto, Museokatu 8, A 1, 00100 Helsinki, Finland, +09 - 659 933
Development and Reforms fund, 0102 Tbilisi, Dimitri Uznadze N 52, Tel: (995 32 2) 200 220
DAAD Scholarship for German candidates, Kennedyallee 50 53175 Bonn, Postfach 20 04 04, 53134 Bonn, Deutschland
Icelandic Government Student Loan Fund, Borgartún 21, IS-105 Reykjavík, Iceland + 354-5-604000
Infozee, 1419, Ansal Tower, 38, Nehru Place, New Delhi - 110019, India. Tel: (+91-11) 41831442, 41635588, 41635577 delhi [at] infozee.com
Ministero degli Affari Esteri, Ufficio Relazioni con il Pubblico, Ministero Affari Esteri, Piazzale della Farnesina, 00135 Roma, (+39) 06 36918899
CONACYT, Av. Constituyentes No. 1046, Col. Lomas, CP Mexico DF.
Fundacion Mexico para la Educacion, la Tecnologia y la Ciencia, A.C., Mexico
ANSA, Storgata 19, 0184 Oslo, Norway, ansa [at] ansa.no
Tan Kah Kee postgraduate scholarship, 137 Telok Ayer St 02-00, Singapore 068602, +65 222 8212
United Arab Emirates
The Mohammed bin Rashid al Maktoum Foundation, P.O. Box: 214444, Building No. 26, 7th Floor, Dubai Healthcare City, Dubai, UAE.
Study Abroad Scholarship, The Leverhulme Trust, 1 Pemberton Row, London EC4A 3BG, +0171 822 6952
United States of America
Fulbright Program for American students, 350 Albert Street, Ste. 2015, Ottawa, Ontario, K1R 1A4, Canada info [at] fulbright.ca
Sallie Mae Loans, P.O. Box 9532, Wilkes-Barre, PA, USA 18773-9532