Finances

Student holds a credit card in one hand while working on their laptop

No question, university is a big investment in your future. The money that you – and possibly your family members – contribute is the foundation for your financial plan, but you may need more to cover all of your university costs.

Expenses

Your main costs in university will be your tuition and living expenses.

Tuition and fees

Waterloo's tuition fees vary by program and type of student.

Living expenses (for first year)

Expense Cost
Residence $7,000 to $9,200
Meal plan $5,800 to $6,700
Personal expenses (e.g., phone, clothing, entertainment; depends on your lifestyle) $4,300
Textbooks and supplies (most programs) $2,500
Estimated total living expenses $19,600 to $24,400

Resources

Common ways to cover your costs include

Cost calculator

Estimate your total first-year expenses and see how much money you have.

Ways to pay for first year

Learn how to use scholarships, bursaries, student loans, and part-time jobs as ways to pay for your first year of university.