Funding and tuition

All students in the research-based Computational Mathematics Master's program receive a funding package when admitted into the program. View the following drop-down menus to learn more about this guaranteed funding, available scholarships and awards, and tuition fees.

Guaranteed funding

Students admitted to the Computational Mathematics Master's program receive guaranteed funding as part of their offer of admission. This funding is comprised of:

  1. Graduate Research Studentship (GRS), paid from the research grants of individual faculty members.
  2. Teaching Assistantships (TA), which involve tutorial and/or marking duties. Students normally complete four TA positions - two in the Fall term and two in the Winter term.
  3. Scholarships and awards.

The anticipated funding for full-time domestic (Canadian citizen or permanent resident) students is at least $25,500. This covers tuition and a stipend towards living costs.

The anticipated funding for full-time international students is at least $28,000. This covers tuition and a small stipend. Since tuition and fees are substantially more expensive for international students, international students who are admitted to the Computational Mathematics Master's program at the University of Waterloo may need to secure other funds to cover the cost of living. Immigration, Refugees, and Citizenship Canada will require proof of additional funds available in order for students to obtain a study permit.

Internal scholarships and awards

For a comprehensive list of all funding opportunities for Master's students at the University of Waterloo, please visit the graduate funding and awards database.

All students who apply to the Master's in Computational Mathematics, and meet eligibility requirements, are automatically considered for the following awards/scholarships as part of their funding package:

Award/Scholarship Name Description Amount
International Master’s Award of Excellence (IMAE) Awarded to eligible international Master’s students entering a research-based graduate program at the University of Waterloo. Students are selected based on academic excellence as demonstrated through their application for admission to the graduate program. $2,500 per term
Fong Computational Mathematics Graduate Award This award has been donated by Mr. Eddie Fong who graduated from the University of Waterloo in 1980 with a BMath (Actuarial Science/Computer Science) degree. The recipient(s) of this award will be chosen based on scholastic excellence and demonstrated interest in computational and/or industrial mathematics. $7,500 for one award or $3,750 each for two awards
Keith & Debbie Geddes Graduate Scholarship in Computational Mathematics This endowed gift will fund one scholarship each year in Computational Mathematics. Selection of the recipient will be made by the Associate Dean of Graduate Studies in the Faculty of Mathematics on the recommendation of the Computational Math Steering Committee. $5,000
University of Waterloo Graduate Scholarship Award Awarded to graduate students registered full time in a Master's program at the University of Waterloo. Eligible students must have a minimum first-class (80%) cumulative average in their current program. $1,000 per term minimum for up to three terms

External scholarships and awards

Students are also encouraged to apply for external scholarships or awards, such as the ones described below. Students must apply to their institution for these awards. International students may also consider external scholarships (e.g., CONACYT Mexico, MITACS, etc.).

In the event that students receive external scholarships or awards, their offer of financial support from the Computational Mathematics program may be revised, since many awards restrict the amount of additional support that students may receive. However, the total support students can expect to receive from all sources will not be less than the guaranteed funding.

Scholarship/Award Description
Natural Sciences and Engineering Research Council of Canada (NSERC) Canada Graduate Scholarship (CGS) Only domestic (Canadian citizens and permanent residents) students are eligible. Students who are successful in getting an NSERC scholarship will additionally receive a $10,000 President's Graduate Scholarship from the University of Waterloo.
Ontario Graduate Scholarships (OGS) Primarily awarded to domestic students, but a small proportion of these awards are allotted to international students. Students who are successful in getting an OGS scholarship will additionally receive a $10,000 President's Graduate Scholarship from the University of Waterloo.

Anticipated tuition fees

Anticipated tuition fees vary based on a student's status in Canada. The following table is intended to provide an idea of how much tuition will be for the entirety of the year-long Computational Mathematics Master's program.

Student status Total anticipated tuition per year* Total anticipated incidental fees per year (excluding HST)*
Full time, domestic (Ontario) student $6,762 $1,753
Full time, domestic (out of province) student $6,762 $1,753
Full time, international student $23,088 $2,508

*tuition is charged one term at a time. Amounts are accurate as of November 2023, but are subject to change.

For updated tuition estimates, please visit: Financial services.

For information about study and living costs, please visit: Graduate study and living costs.

Students who demonstrate financial need may be interested in exploring: Financial need funding.