Financial Aid Timelines

Effective from the 2015-2016 academic year, the university has changed the process of changing the way it bills tuition and ancillary fees. Fees will be billed by academic session (term), instead of by academic year. As a result the deadline dates for fee payment and financial aid applications have changed. Please check the information periodically for updates.

Page updated: December 7, 2016

Enrolling in 2016-2017

Enrolling in 2017-2018

 

2016-2017 First Year JD Students
DEADLINE
ITEM
NOTES
TIME TO PROCESS
May 31, 2016
Interest-free loan applications:
Scotia Professional Student Plan®
TD Student Line of Credit®
Application decisions will be communicated via email by the bank directly.
Students approved for the plan must physically go to a specific branch in downtown Toronto to sign loan and service agreement documents.
Scotiabank: Queen St & McCaul St (just west of University Ave) 
TD: 77 Bloor St. West (at Bay St).
Since you will not be able to access these funds from the bank until after classes start on August 22 (which is when the Faculty will advise the relevant bank that you are a registered Faculty of Law student), you can hold off arranging to sign these documents. You can wait until you are in the Toronto area to set an appointment at the specific branch.
2-4 weeks
June 1, 2016
JD Financial Aid Program application
For a provisional assessment (estimate) please use the online Financial Aid Calculator.
Applicants with offer of admission letters dated earlier than February 1, apply by June 1 for final assessment.
Applicants with offer of admission letters dated later than February 1, apply without delay, before July 15.
3 weeks
June 30, 2016
Government student loans
To avoid processing delays please apply as soon as possible, ideally before the deadline. Most online applications are available early spring (April-June). Proof of application, and eligibility, for government student loans will be required for students wishing to defer payment of their tuition fee minimum payment.
4-6 weeks
July 15, 2016
JD Financial Aid Program application
Deadline to be considered for both bursaries and interest free loans.
Admitted after July 15?
Submit without delay, to enable us to process within 2 weeks approximately.
2 weeks
August 3, 2016
 
Tuition Fee: Minimum payment in order to be officially registered
Minimum tuition fee payment must be either paid or deferred by deadline, otherwise your seat at the Faculty of Law may be forfeited.
Even though you will not have access to your Scotiabank funds until the start of classes on August 22, you can still have your tuition fees paid from your Line of Credit (interest-free loans).  To do so, you will have to provide Scotiabank or TD with a copy of your fees invoice (which you can access via ROSI/ACORN) and ask them to deposit the required amount directly to your University of Toronto student account (the account number will be on the top right hand corner of the invoice). This can be done as soon as you have access to your invoice and fee amount in ROSI/ACORN.
1 week
August 4, 2016
JD Financial Aid Program supporting documents
Submit supporting documents, except for final summer paystubs. Do not re-submit JD Financial Aid Program application form, submit the new supporting documents.
4-6 weeks
August 22, 2016
Classes Begin
Start of two-week Legal Methods Intensive course.
 
September 8, 2016
Final Summer Paystub
Submit for final assessment of JD Financial Aid program.
10 days
September 19, 2016
JD Financial Aid Program final assessment
Release date of email with final assessment, for those applications which were complete (with all supporting documentation) by September 8.
 
September 30, 2016 (tentative)
Tuition fees: Fall Session fees due
Accounts with an outstanding balance as of October 14 are subject to a monthly service charge of 1.5% compounded monthly (19.56% per annum) assessed as of the 15th of every month. It normally takes 5 business days for a payment to be processed by the bank and for the amount to be updated to the student account.
5 days
February 28, 2017
Interest-free loan: Payment of interest
Provide a copy of the January or February 2017 bank statement in order for the Faculty to pay the interest on the interest-free loan. The payment will be deposited to the student account in ROSI/ACORN.
 2-3 weeks
April 28, 2017
Student Account paid in full
If the student account in ROSI/ACORN is not paid by the end of this academic year, students will be subject to academic sanctions.
 

 

 

2016-2017 Upper Year JD Students 
DEADLINE
ITEM
NEW STUDENTS
RETURNING STUDENTS
TIME TO PROCESS
Without delay, as soon as possible
JD Financial Aid Program application
Begin by applying for the Scotia Professional® Student Plan and government student loans.
see August 4
 
May 31, 2016
Interest-free loan applications:
Scotia Professional Student Plan®
TD Student Line of Credit®
Application decisions will be communicated via email by the bank directly.
Students approved for the plan must physically go to a specific branch in downtown Toronto to sign loan and service agreement documents.
Scotiabank: Queen St & McCaul St (just west of University Ave)
TD: 77 Bloor St. West (at Bay St).
Since you will not be able to access these funds from the bank until after classes start on August 22 (which is when the Faculty will advise the relevant bank that you are a registered Faculty of Law student), you can hold off arranging to sign these documents. You can wait until you are in the Toronto area to set an appointment at the specific branch.
Check with the bank for an update.
2-4 weeks
June 30, 2016
Government student loans
To avoid processing delays please apply as soon as possible, ideally before the deadline. Most online applications are available early spring (April-June).  Proof of application, and eligibility, for government student loans will be required for students wishing to defer payment of their tuition fee minimum payment.
4-6 weeks
August 3, 2016
Tuition Fee: Minimum payment in order to be officially registered
Minimum fee payment must be either paid or deferred by deadline, otherwise your seat at the Faculty of Law may be forfeited.
Even though you will not have access to your Scotiabank funds until the start of classes on August 22, you can still have your tuition fees paid from your Line of Credit.  To do so, you will have to provide Scotiabank with a copy of your fees invoice (which you can access via ROSI/ACORN) and ask them to deposit the required amount directly to your University of Toronto student account (the account number will be on the top right hand corner of the invoice). This can be done as soon as you have access to your invoice and fee amount in ROSI/ACORN.
 see September 6
1 week
August 4, 2016
JD Financial Aid Program application
Submit application and supporting documents, except for final summer paystubs.
4-6 weeks
September 6, 2016
Tuition Fee: Minimum payment in order to be officially registered
 see August 3
Minimum fee payment must be either paid or deferred by deadline, otherwise access to eLegal will be suspended, you will not be able to add courses or claim a course on which you are waitlisted. Line of credit funds will also not be accessible, as registration will not be confirmed to Scotiabank or any other financial institution.
1 week
September 8, 2016
Final Summer Paystub
Submit for final assessment of JD Financial Aid program.
10 days
September 6, 2016
Classes Begin
Start of Fall Session (term) for upper year students.
 
September 19, 2016
JD Financial Aid Program final assessment
Release date of email with final assessment, for those applications which were complete (with all supporting documentation) by September 6.
 
September 30, 2016 (tentative)
Tuition fees: Fall Session fees due
Accounts with an outstanding balance as of October 14 are subject to a monthly service charge of 1.5% compounded monthly (19.56% per annum) assessed as of the 15th of every month. It normally takes 5 business days for a payment to be processed by the bank and for the amount to be updated to the student account.
5 days
February 28, 2017
Interest-free loan: Payment of interest
Provide a copy of the January or February 2017 bank statement in order for the Faculty to pay the interest on the interest-free loan. The payment will be deposited to the student account in ROSI/ACORN.
 2-3 weeks
April 28, 2017
Student Account paid in full
If the student account in ROSI/ACORN is not paid by the end of this academic year, students will be subject to academic sanctions.