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.

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
  • Housing or residence
  • Transportation
  • Phone and Internet
  • Entertainment
  • Laundry
  • Shopping

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


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 Facuty of Mathemathetics may be eligible to receive Faculty of Mathematics scholarships and University-based scholarships. Eligibility requirements vary for each. 

Faculty of Mathematics Scholarships

The Faculty of Mathematics offers an impressive selection of scholarships for students entering first year: national scholarships, global scholarships and entrance scholarships

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

For questions related to Faculty of Mathematics undergraduate scholarships, contact Carolyn Sedore

Note: all scholarships are subject to change.

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 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.