The University of Waterloo is proud to offer financial support to graduate students.
Graduate students may be eligible for funding from various sources, including Graduate Research Studentships (GRS), internal and external awards, bursaries, emergency loans, and employment opportunities such as Graduate Teaching Assistantships (GTA) and Graduate Research Assistantships (GRA).
Internal awards
Waterloo offers a wide range of internal awards for graduate students. Awards may be based on academic achievement, research excellence, financial need, leadership, citizenship status, program, or other criteria.
Most internal awards do not require an application. Instead, students are nominated by their department based on award eligibility and selection criteria. Students can contact their department graduate co-ordinator for additional information about internal award opportunities and nomination processes.
External awards
Graduate students are encouraged to apply for major external awards and scholarships, including federal and provincial funding competitions and other prestigious scholarship opportunities. Students who choose to study at Waterloo and are successful in major federal and provincial competitions may also receive the President’s Graduate Scholarship.
Other prestigious external scholarships
President’s Graduate Scholarship
The President’s Graduate Scholarship (PGS), valued at up to $10,000, recognizes outstanding graduate students who hold certain major federally and provincially funded competition-based scholarships. Graduate Studies and Postdoctoral Affairs (GSPA) pays the central portion of $5,000 as a scholarship, while the department/faculty portion can be paid as a scholarship, Graduate Research Studentship, Graduate Teaching Assistantship (GTA) or Graduate Research Assistantship (GRA)*.
All annual PGS payments will be reduced if the eligible scholarship is held for less than three terms. Students are encouraged to contact their department graduate co-ordinator for details regarding how the department/faculty portion will be paid.
*Effective Fall 2026, in alignment with a student’s offer of admission, or revised notices issued in Spring 2026, the department/faculty portion of the PGS must be paid either as a scholarship or Graduate Research Studentship only
Awards Directory
Use the Awards Directory to search for graduate funding opportunities available at the University of Waterloo. The Awards Directory includes both internal Waterloo awards and select external funding opportunities for current and incoming graduate students.
Teaching and research funding and employment
Graduate students may receive funding through assistantships, research studentships, scholarships, or a combination of funding sources. Some funding is considered employment income, while other funding is considered student support funding.
| Funding type | Purpose | Related status | Payment and tax treatment |
|---|---|---|---|
| Graduate Teaching Assistantship (GTA) | Teaching-related work | Employee | Paid through Payroll as employment income and reported on a T4 |
| Graduate Research Assistantships (GRA) | Research work supporting a faculty member's research activities | Employee | Paid through Payroll as employment income and reported on a T4 |
| Graduate Research Studentship (GRS) | Supports the student's own thesis research and academic training | Student | Distributed through Quest as award/scholarship funding and reported on a T4A |
Minimum funding
The University recognizes that graduate students are critical to the University’s teaching and research missions and strives to support students in research-based graduate programs through minimum funding levels. Each year, the Graduate Student Relations Committee reviews changes to student costs and provides recommendations regarding graduate student funding support.