Waterloo Engineering offers competitive funding for our graduate students. Financial support is available from many sources, including: graduate research studentships from supervisors’ grants, teaching assistantships, internal awards, federal and provincial government scholarships, institutional scholarships, bursaries, and loans provided by the government of Ontario.

On average, in 2017/18 Faculty of Engineering students received the following funding:

  • Master of Applied Science (MASc) $28,000+
  • Doctor of Philosophy (PhD) $37,000

100 new awards and fellowships

In spring 2018, we began offering additional fellowships for Canadian and Permanent Resident students entering Engineering Research Programs.  The funding initiative includes PhD Fellowships valued at up to $160,000 over 4 years and MASc Fellowships valued at up to $50,000 over 2 years.

There is also a Dean's Entrance award for all top students!

Students with a Natural Sciences and Engineering Research Council (NSERC) award will get a President's Graduate Scholarship (PGS) top-up of $10,000+ each year. 

Indigenous and Black Engineering and Technology (IBET) Momentum Fellowships **NEW**

PhD Fellowships valued at $25,000 per year (plus an additional $5,000 from the supervisor) will be awarded to eligible incoming black and indigenous* graduate students registered full time in a Faculty of Engineering PhD program at the University of Waterloo.


  • Canadian Citizens or permanent residents of Canada who self-identify as being Indigenous* or Black
  • Applicants must meet the minimum admission requirements (normally a cumulative average of 80%) for their chosen Faculty of Engineering PhD program
  • Must be admitted into the PhD program in Spring 2021 or later;
    • Students transferring from an eligible, incomplete Master’s program to a PhD may also be considered for the Fellowship
  • Interested applicants must apply by completing an application form found below. 
  • The Engineering Graduate Awards Committee (EGSAC), chaired by the Associate Dean, Graduate Studies, Faculty of Engineering, will select recipients on the basis of information provided in their award application, graduate program application and (for PhD3-tsfr only) any relevant transfer-related paperwork.

*For the purposes of this Fellowship, an Indigenous person is a person who self-identifies as First Nations (Status/Non-Status), Métis, or Inuit as defined in the Canadian Constitution Act 1982.

Students interested in applying for this fellowship must complete a written application and have a completed application for admission by February 1. A selection committee will review the applications and select recipients in March.

IBET Fellowship Application form

Waterloo Institute for Nanotechnology (WIN) Fellowships

WIN Nanofellowships are awarded to graduate students pursuing nanotechnology research at the University of Waterloo. These fellowships are valued at $10,000 CAD each and are awarded to top Canadian and International graduate students at the University of Waterloo. The fellowship funding is a supplement to the Research Studentship support provided by the supervising faculty member. Nanofellowships can be held simultaneously with other graduate awards.  The application deadline to be considered for this Fellowship is Feb. 1st.  

WIN Nanofellowships information page

Vector Scholarships in Artificial Intelligence

The Vector Scholarships in Artificial Intelligence are externally adjudicated, merit-based awards for new incoming students pursuing AI-related studies in master’s programs recognized by the Vector Institute or who are following an individualized study path that is demonstrably AI-focused in Ontario, Canada. Awards are valued at $17,500 for 1 year. Eligibility criteria can be reviewed here.

Students interested in applying for this scholarship must complete a written application by March 15.

Vector Scholarship in AI Application form