2 min read
25 May 2021

When it comes to equipping your child with the right tools for success, giving them the right education plays a pivotal role. This means nurturing their ambition and ensuring that they have access to an educational institute that helps further their dreams. To that end, studying abroad is a particularly popular approach, especially at institutions like the University of Toronto. Courses here cover a wide range of subjects and give students the freedom to graduate in almost any field that they’re passionate about. Further, pursuing higher education in a foreign land also exposes your child to diverse cultures and career opportunities, all of which work exceptionally toward moulding a model professional.

While this is definitely appealing, as a benefactor, you should also take note of the University of Toronto fees for international students where annual tuition fees alone can exceed Rs.18.9 lakh. However, considering the quality of the University of Toronto graduate programs, sending your child here for further education is sure to play a significant role in developing his/ her professional life.

For more information on the U of T, its admission requirements, and for a brief overview of the current University of Toronto masters programs, read on.

About the University of Toronto

Founded in 1827, the University of Toronto is a public institution that attracts and educates students from over 160 countries and places. Of its 74,300 students, over 24,200 are international students indicating that it is both diverse and a great institute for an Indian student. What’s more, the institute has a QS Global World Ranking of 29 and it promotes research-intensive fields alongside innovation. In fact, it has over 44 libraries and houses over 19 million physical volumes that work toward this mission.

University of Toronto Rankings

The U of T has a number of other world rankings that place it among the best 50 universities in the world.

  • It is ranked 18 by the Times Higher Education in the World University Rankings in 2020
  • It is ranked 18 in the Best Global University Rankings by U.S News & World Report in 2020
  • It is ranked 29 in the QS World University Rankings by Top Universities in 2020

Further, U.S. News & World Report reveals that in terms of Publications, it is ranked 2 and has a Global Research Reputation ranking of 21. These alongside being ranked 3 for the ‘number of publications that are among the 10 percent most cited’ make the University of Toronto PhD program one of the best in the world.

University of Toronto Courses

As mentioned earlier, the U of T is equipped with a wide array of specialisations and educational streams. It offers over 700 undergraduate programs alongside over 200 doctoral and masters programs. Further, the University of Toronto MBA and University of Toronto Mechanical Engineering programs are also quite popular. In fact, it secured rank 3 and rank 27 in the Canada Best Business School 2020 ranking by Bloomberg and the Engineering and Technology Ranking 2020 by Times Higher Education respectively.

Additional Read: Education Loan for Abroad Studies

University of Toronto Campuses

This university operates from 3 campuses across Canada. They are located at Downtown Ontario (St. George campus), Mississauga, and Scarborough.

University of Toronto Student Accommodation

Each and every campus under the University of Toronto has residential accommodation provisions of some sort. At the St. George campus, you can opt for Student Family Housing or the Chestnut Residence. At the Mississauga campus, you can choose between residence halls, apartments, and townhouses. Lastly, at the Scarborough campus, you can choose between apartments or townhouses located less than a few-minutes’ walk away from the academic buildings. Additionally, you can also opt for off-campus housing and costs for this can range between Rs. 67,000 and Rs. 1.6 lakh per month.

University of Toronto Admission Requirements

The University of Toronto admission requirements are as follows.

  • Application fee of Rs. 6,600 – Rs. 10,300
  • Deadline submissions based on the intake season
  • Documentation, which includes Statement of Purpose (SOP), Letter of Recommendation (LOR), essay, CV

Further, you will also need to pass the required tests and secure scores based on the course you’re applying for. For instance, the University of Toronto IELTS requirement for most courses is a score of 7 and above with a few accepting admissions with a score of 6.5.

Moreover, according to Shiksha.com, the average scores for TOEFL, PTE, GRE, GMAT and SAT are 86, 60, 309, 560, and 1,177 respectively for institutions in Canada. Since U of T is among the best, your child’s score may have to exceed these averages, depending on your programme.

For instance, to enrol for an MSc in Computer Science, your child would need a TOEFL score of 93. To enroll for a Masters in Financial Economics, your child would need a GMAT score of 710.

Additional Read: Higher Education Loan

University of Toronto Tuition Fees

While the tuition fees at the university vary based on the course, there are a few first-year tuition fee estimates* you should take note of, according to data from Shiksha.com.

  • Full-time MBA: Rs. 32.3 lakh
  • MSc Computer Science: Rs. 17.2 lakh
  • One-Year Executive MBA: Rs. 61.8 lakh
  • Master of Engineering in Electrical and Computer Engineering: Rs. 27.6 lakh

*These figures are subject to change

Based on these, opting for an education loan on property may be the right option to go with as you also have to account for accommodation charges for the entire duration of these courses.

University of Toronto Work-Study Program

Across the U of T, more than 3,500 students sign up for the Work Study Program annually. This programme offers students paid on-campus posts. These are designed to deepen knowledge, strengthen skills, and help students understand how their academic coursework can play out in terms of career possibilities. Through the login portal you can access dates, hours, pay rates, eligibility, and help on how to get the best position.

University of Toronto Placement Services

Given the rankings this university has secured, it should come as no surprise to learn that it has a well-connected placements service for its students. The companies affiliated in this include Google, P&G, Ernst & Young, Goldman Sachs, Merrill Lynch, IBM, Capital One, American Express and HSBC. So, with a University of Toronto MS in Computer Science, there is plenty of scope for professional development. This is also the case for University of Toronto Data Science masters as it is a sought specialisation by many employers.

While the University of Toronto, Canada, is a great institution to opt for, as is evident, it can be heavy on the pocket. Luckily, with an education loan on property for Canada you can easily meet this expense and also cater to other ancillary needs as well.

For instance, with a Bajaj Housing Finance Limited Loan Against Property you can avail a sanction of up to Rs. 3.5 crore at nominal interest rate, repayable over a flexible tenor up to 20 years.

Additionally, Loan Against Property is fairly easy to qualify for and allows for quick disbursals, ensuring that you don’t miss any deadlines while making overseas arrangements. Here, you can get the money in your bank within 72 hours* and also take advantage of the Doorstep Service to apply for the loan with greater ease. Further, you can also start your loan application online. All you have to do is fill the online application form and await contact from an authorised Bajaj Housing Finance Limited representative for further loan processing.

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