Future Undergraduates

On this page: Understanding the Differences between Scholarships and Bursaries |
Paying for Your Undergraduate Degree | Federal Aid for U.S Students |
Financial Support for High School & CEGEP Students | Need-Based Funding for Undergraduate Students | Budgeting to Reduce Financial Stress | Other Resources | Graduate Students

McGill’s Scholarships and Student Aid Office offers two distinct financial support programs for all newly accepted, first-year, first-degree undergraduate students.

Our merit-based Entrance Scholarship Program is based on academic excellence for high school and CEGEP students entering a full-time undergraduate degree program. In our last admission cycle, our Scholarships Office offered over $7 million in one-year and renewable entrance scholarships to over 2200 students, including US and International students.

Our need-based Entrance Bursary Program helps students from low to modest income families who may not otherwise be able to accept their offer of admission. In our last admission cycle, our Student Aid Office offered entrance bursaries (non-repayable awards) valued at $5 million to 740 newly accepted undergraduate students with financial need. Of these entrance bursaries, Quebec/Canadian students received 444 offers averaging $4,000 each, and US/International students received 296 offers averaging $11,060 each.

For a comprehensive list of all awards with detailed descriptions and eligibility requirements, please consult the Undergraduate Scholarships and Awards Calendar.

Understanding the Differences between Scholarships and Bursaries 

screenshot of comparison document, "Understanding the Differences Between Scholarships and Bursaries"Click here to view our comparison document to learn more about the details and differences between entrance scholarships and entrance bursaries.


Our office has created a series of short videos to walk you through the financial support options that may be available to you. See below to get started!

Paying for Your Undergraduate Degree

In this video, we’ll discuss the various funding sources for your first-time undergraduate degree at McGill. No matter who you are, where you’re from, or what your supports are, your degree costs money. So understanding where that money comes from is essential to getting started. 

Federal Aid for U.S. Students

McGill voluntarily participates in the U.S. Federal Direct Loan program (otherwise known as “Title IV”). As US citizens or permanent residents, you and your parents are eligible to apply for US Direct Loans to help pay for your McGill degree. Watch this video to learn more.

Financial Support for High School & CEGEP Students

This short video will cover the financial support the Scholarships & Student Aid Office offers newly admitted undergraduate students coming directly from CEGEP and High school.

Need-Based Funding for Undergraduate Students

This short video will cover the different types of need-based funding for undergraduate students offered at the Scholarships and Student Aid Office.

Budgeting to Reduce Financial Stress

Are you concerned about your finances? In this video, we discuss some tips to help you create a budget and stay on track.

Other Resources

All students are encouraged to explore other funding opportunities available to them. We also highly recommend our Frugal Scholar Money Management Program and our Financial Roadmap for Undergraduates to help you with financial planning and debt management. For more in-depth webinars on a number of student financial topics, check out our Frugal Scholar Workshop page.

Our office has also recorded our full length Open House presentation.

Money Matter$: Financing your Degree

Cara Piperni, Director of the Scholarship and Student Aid Office, provides an overview of services and programs, aid and award opportunities, and tips on financial planning to support you during your studies at McGill. Look for this workshop title in our future and past workshops, and the audience which pertains to your situation. Click here to watch the full-length presentation.

Graduate Students

Our office does not administer awards to prospective graduate students. However, information on various funding resources is available on our Graduate funding page. For a comprehensive list of all awards with detailed descriptions and eligibility requirements, please consult the Graduate Fellowships and Awards Calendar.


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