U Of T Financial Aid Calculator

Understanding your financial aid options is crucial for planning your education at the University of Toronto. Our interactive calculator helps you estimate your financial aid eligibility, making informed decisions about your future.

1. Select your estimated annual income.
2. Select your family size.
3. Click ‘Calculate’ to see your estimated financial aid.

The calculator uses the Expected Family Contribution (EFC) formula to estimate your financial aid eligibility. It considers your income, family size, and other factors to determine your EFC, which is then used to calculate your estimated financial aid.

Comparison of Financial Aid Programs

Estimated Financial Aid by Income Level

• File your FAFSA as early as possible to maximize your financial aid options.
• Consider part-time work or summer jobs to reduce your EFC.
• Explore scholarships and grants to supplement your financial aid.

What factors affect my financial aid eligibility?

Your income, family size, and other factors such as dependents and taxes affect your EFC and, consequently, your financial aid eligibility.

For more information, visit the U.S. Department of Education or the Ontario Student Assistance Program.