Anticipated funding for full-time domestic students (Canadian citizen or permanent resident) will be approximately $20,000 and domestic tuition+fees is approximately $8,500 so the anticipated 'take-home' pay is approximately $11,500. Note that this is a one-year program.
Anticipated funding for full-time international students is approximately $26,000, which includes an International Masters Student Award (IMSA) that students normally receive automatically. While we anticipate to provide accepted students with this substantial contribution toward the cost of their Master's studies, tuition+fees are substantially more expensive for international students: approximately $19,500. This means that the anticipated yearly 'take-home' pay is approximately $4,500 for international students. This is not sufficient to cover living costs: international students who are admitted to the Computational Mathematics Master's program at the University of Waterloo need to secure other funds to cover the cost of living. Citizenship and Immigration Canada will require proof of additional funds available (at least $7,000/year) in order to obtain a Study Permit. Note that tuition increases are typically effective with the Spring term each year.
The main sources of financial support are:
- Research Assistantships (RA) paid from the research grants of individual faculty members.
- Teaching Assistantships (TA) (PDF) which involve tutorial and/or marking duties. According to University regulations, the maximum amount of TA work that can be assigned to a graduate student in one term is two TA units, or ten hours of work per week. At the discretion of the CM Graduate Committee, Teaching Assistants who receive exceptional performance reviews may be nominated for a Distinguished Teaching Assistantship Award (see here for award recipients).
Scholarships and awards:
- External scholarships such as the Natural Sciences and Engineering Research Council of Canada (NSERC) Postgraduate Scholarships (PGS) and Ontario Graduate Scholarships (OGS). Only Canadian citizens or permanent residents are eligible for the NSERC PGS. OGS are primarily awarded to the above, but a small proportion of these awards are allotted to visa students.
Note: Applicants must apply at their institution for these awards. Students with scholarships from the Natural Sciences and Engineering Research Council (NSERC) or with Ontario Graduate Scholarships will additionally receive a $10,000 President's Graduate Scholarship from the University of Waterloo.
- 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. The amount is $7,500 for one award or $3,750 each for two awards.
Note: Applicants to the program, including international students, are automatically considered for this award. See the database page on the Graduate Studies website for further information.
- Keith and Debbie Geddes Graduate Scholarship in Computational Mathematics. This endowed gift will fund one $5,000 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.
Note: Current graduate students (Canadian or permanent residents) are automatically considered for this award. See the database page on the Graduate Studies website for further information.
- University of Waterloo Scholarships & Financial Aid.