Student works on laptop at table with other University of Waterloo students in background

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.


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 two terms of school)

  • Textbooks and supplies: $2,500 (most programs)
  • Residence: $6,400 to $8,500
  • Meal plan: $5,800 to $6,700
  • Personal expenses: $4,300 (e.g., phone, clothing, Internet, entertainment, and laundry; depends on your lifestyle)
  • Overall living expenses estimate: $19,000 to $23,700


Common ways to cover your costs include

Earn money through co-op

Through co-op at Waterloo, you could make $9,000 to $16,000 during your first four-month co-op work term. The good news? Our students have four to six co-op work terms!

Ways to pay for your education

Scholarships, bursaries, student loans, and part-time jobs are just some of the ways to help pay for university.


Budget calculator

Calculate your first-year expenses and see how much money you have to cover your costs.

Earn up to$2,000per school term with a part-time work-study job right on campus!

Learn about part-time jobs on campus.

Waterloo co-op students can earn$42,000 to $90,000over the course of their work terms

Learn more about co-op.

85%of new Waterloo students received a scholarship last year

Learn about entrance scholarships.

More about paying for university