Balance of Degree Fee


The information below applies to our Master’s students.

For all UofT students, the tuition fees you pay = program/academic fees + campus fees. Campus fees includes: mandatory and optional  incidental, system access & ancillary fees. 

All our Master’s students must pay a minimum degree fee. It represents the minimum amount of tuition that every student must pay upon completion of their program prior to graduation. The minimum degree fee is equivalent to two years of full-time program fees. This means: regardless of whether you are completing the MI program degree as a full-time or part-time student, you’ll be paying at least two year’s worth of full-time program fees. If a full-time student requires more than 2 years, or a part-time student requires more than 6 years, to complete degree requirements, then additional tuition (beyond the minimum) will be required.

The balance of degree fee is the minimum degree fee minus program fees already paid by the student. The balance of degree fee is assessed just prior to graduation. The payment due date for the balance of degree fee is three months from the student’s convocation. If the fee is unpaid, students are charged the monthly service fee of 1.5% compounded (19.56% per annum).

For international students who change to domestic status during their study period, the minimum degree fee will be assessed as follows:

  • ​if the legal status change occurred within the program length, the minimum degree fee will be based on the domestic tuition fee;
  • ​​​if the legal status change occurred after the program length, the minimum degree fee will be based on the international tuition fee.

Most part-time students must pay a balance of degree fee prior to graduation. For instance, if a part-time student takes four years to complete degree requirements, then they would typically only have paid 8 terms of part-time program fees prior to graduation. This amount is less than 4 terms of full-time program fees (i.e. the minimum degree fee). Hence, they will need to pay a balance of degree fee – which constitutes the difference between what the student have already paid in program fees and the minimum degree fee.

If students need to take longer to complete degree requirements (e.g. a full-time MI student needing Year 3 Fall term to complete degree requirements when the typical timeframe is 2 years), then additional tuition fees will be charged for each additional term needed. If you have paid more than the minimum degree fee due to the (longer) time taken to complete the degree requirements, there is no refund of fees.