Budgeting and Resources

Planning

To give you an idea of your budget, you may use one of the many websites available to find out the difference in the cost of living between Toronto and your dream destination (numbeo, expatistan, etc.)

OSAP

Good news, you can maintain your OSAP while on a Learning Abroad experience!

• If you receive U of T credits or transfer credits for your study abroad program, you are eligible to receive the same amount of OSAP that you would receive here at U of T.
• If you receive internship credits you may be eligible for OSAP during your time abroad depending on your internship salary, duration, and applicable academic credits.

More information can be found here.

Funding From Other Canadian Provinces

Please contact the U of T Out-of-Province Financial Aid Team (can.oop.financialaid@utoronto.ca) prior to applying to your home province or territory for your exchange term. This will ensure that your application information is correct before submitting the application.

Awards And Scholarships

Several funding sources are available across U of T (Centre for International Experience, Faculties and Departments), and through other institutions (Host institutions, Foundations, Governments). Some partner institutions may provide additional funding to students, like Erasmus + (funded by the European Union) or Summer Research. Here are three resources you can check out:

Tips

There are many ways to reduce the price of your experience

• Subletting: you can explore the option to sublet your housing to help pay for your Toronto housing while abroad.
• Phone/Internet Plan Suspensions: often you can suspend your phone and Internet plans in Toronto. Check with your provider!
• Living On-Campus Abroad: choose a partner university where on-campus housing is available or guaranteed.
• House-Sharing Abroad: be prepared to share your home with other students, or investigate opportunities to stay with host families.
• Self-Catered Accommodation: having access to a kitchen can help save money on food.
• Lower Cost-of-Living Destinations: select countries where the cost of living is equivalent to or lower than Toronto. Remember it is not always the reputation of the partner institution that counts but what you will take from the experience of going abroad!
• Smaller Cities vs Capital Cities: Capital cities and big cities are often more expensive. Investigate smaller cities too. Often times your experience will be even more genuine and keep in mind that in some countries like in Europe, distance is more manageable than in Canada.