Tuition and Scholarships


As with other professional programs, the tuition fees for the School of Accounting and Finance programs increase beyond first year.

Visit our online interactive budget tool to help you plan for your education.

Read more about the tuition fees attributed to your AFM program.

Scholarships and awards

Students applying to the AFM and/or SFM undergraduate programs are automatically considered for the University of Waterloo entrance and SAF entrance scholarships. In order to be considered for these scholarships, you'll need to complete your application including the SAF Admissions Assessment (SAFAA) by the stated deadlines.

graphic reading "99% of SAF students receive at least one entrance scholarship"

The full lists of scholarships for Faculty of Arts students and specific to the School of Accounting and Finance can be found on the University of Waterloo Entrance Awards Database (entrance awards) and the University of Waterloo Undergraduate Awards Database (upper-year scholarships).

Be sure to submit an application for the Ontario Student Assistance Program (OSAP) and University of Waterloo's Entrance Bursary to ensure that you'll be considered for all School of Accounting and Finance (SAF) scholarships. If you're not a resident of Ontario, please refer to the list of other provincial student loan programs to find information on student financial aid in your area.

Financing with the Royal Bank of Canada

The Royal Bank of Canada (RBC) offers student financing options for qualified students enrolled at the School of Accounting and Finance (SAF). Certain programs, like the Master’s of Accounting, also qualify for professional rates.

Some highlights of RBC student credit lines are:

Topic Professional rate
General rate
Credit line
Prime + 0.50%
Prime + 1%
Repayment interest Prime + 0.50% Prime + 3.5%
Annual fee
None None

Although we cannot guarantee your program will qualify for the lowest rate, we can guarantee that the RBC Royal Bank in Waterloo, knows about your program and will offer you outstanding customer service.

The above scenarios are not exclusive. RBC reserves the right to evaluate each applicant on an individual basis. Rates and conditions are subject to change; please confirm information with your local RBC advisor.

Contact information for Financial Advisors for the RBC Line of Credit
Advisor Kevin Jang Cheryl Yu Johnathan Gatewood
Role and Contact Information

Financial Advisor
Royal Bank of Canada


Banking Advisor
Royal Bank of Canada

Banking Advisor
Royal Bank of Canada

These RBC Advisors service Kitchener, Waterloo, Cambridge and Guelph, and are ready to help you with your financing needs.