Scholarships and financing

University can be an expensive but a manageable undertaking if you have a realistic financial plan in place before you begin your studies. Knowing your costs, setting a budget and accessing financial supports will allow you to study worry-free. 

You can offset these costs with: scholarshipsco-op, bursaries, and government assistance.

The Faculty of Mathematics offers a number of scholarships that are application-based, contest-based or program-based for consideration. You can be awarded these scholarships in addition to other scholarships awarded by the University of Waterloo. Eligibility requirements vary for each.

Tuition and fees

Most students want a clear idea of what their costs will be in first year. These costs include:

  • Tuition
  • Books and supplies
  • Housing or residence
  • Transportation
  • Phone and Internet
  • Entertainment
  • Laundry
  • Shopping


Scholarships are financial aid awards offered by the University to help you pay for your degree. They can be a one-time or renewable award that is paid out over multiple terms. Scholarships are typically awarded based on grades but some require additional information and an application. 

Applicants to the Faculty of Mathematics may be eligible to receive both Faculty of Mathematics scholarships and University-based scholarships

Faculty of Mathematics Scholarships

The Faculty of Mathematics offers an impressive selection of scholarships for students entering first year:

Faculty of Mathematics Scholarships are open to high school students applying to a full-time honours program in the Faculty of Mathematics, including Computer Science, but excluding Software Engineering and Computing and Financial Management. Eligibility requirements vary for each.

Note: all scholarships are subject to change.

> Application-based scholarships

Applications for Fall 2023 are now open.

The deadline to apply is 11:59 p.m. EST, February 17, 2023 (no extensions on this deadline).

How to submit your application: Some scholarships have different application portals or forms.  To find the application link for the scholarships(s) you're interested in applying to, open the expandable text (the pink bars) to find the "apply now" button. Read through the eligibility requirements before submitting your application. 

> Contest-based scholarships

To be considered you must be a current high school student admissible to the Faculty of Mathematics. Scholarship decisions are based on a combination of averages, Admissions Information Form, and math contest results. You are strongly recommended to write one or both of our math contests: the Euclid Mathematics Contest and/or the Canadian Senior Mathematics Contest. Contact your math teacher or guidance counsellor to register

University-Wide Scholarships

There are also a number of university-wide scholarships that are available for all first-year students from the President's Office. These scholarships are open to students applying to any undergraduate program at the University of Waterloo.


A bursary is a type of scholarship that is awarded to help offset costs. These may be funded by alumni, companies and other friends of the university. The University of Waterloo offers bursaries for students in financial need. They do not need to be paid back.

Government assistance

Government assistance is a loan offered to students by the Ontario government. The province of Ontario provides financial assistance (OSAP) for eligible students. These loans are paid back after graduation. 



If you're enrolled in one of our co-op programs, you'll earn anywhere from 16 to 24 months of paid work experience ranging from $55,000 to $80,000 to pay for school. Learn more about what co-op is.


If you have any questions about tuition, funding opportunities or scholarships, please contact us for more information.