Financial Aid Timelines

  • Students must submit a new JD Financial Aid application for EACH year that funding is sought.
  • Once the aid application form is submitted, do not re-submit that year's form when submitting that year's supporting documents. Amendments to the form data can be made by contacting JD Financial Aid directly

Page updated: February 21, 2021

Enrolled in 2021-2022

 

 

2021-2022 First Year JD Students

DEADLINEITEMNOTESTIME TO PROCESS
May 31, 2021
Interest-free loan applications:
Scotia Professional Student Plan®, or
TD Student Line of Credit®
Application decisions will be communicated via email by the bank directly. Students approved for the loan 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 Bank: 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 23 (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, 2021JD Financial Aid Program application
For a provisional assessment (estimate) of the UofT Law aid package, please use the online JD Financial Aid Calculator.

Applicants with offer of admission letters dated earlier than May 30, apply by June 1 for final assessment, and to be considered for both bursaries and interest-fee loans. Late applications will be considered for interest-free loans only.

New students admitted on or after June 1 will be sent an email with their revised aid deadlines.  Expect the email within a week of notification of the offer of admission. Please contact us immediately if you’ve missed the revised aid deadline email. 
3 weeks
June 30, 2021Government student loansTo 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.

IMPORTANT:  Before submitting the government student loan application (online or on paper), you MUST retain a copy of the completed form, showing the form questions and your data entered. The copy is needed for the JD Financial Aid application. 		4-6 weeks
August 4, 2021
 
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 or TD funds until you are officially registered, 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 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 ACORN.
1 week
August 4, 2021JD Financial Aid Program supporting documentsSubmit 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 23, 2021Classes BeginStart of two-week Legal Methods intensive course. 
September 7, 2021Final Summer PaystubSubmit for final assessment of JD Financial Aid program.10 days
September 23, 2021JD Financial Aid Program final assessmentRelease date of email with final assessment, for those applications which were complete (with all supporting documentation) by September 7. 
September 30, 2021
Tuition fees: Fall Session fees dueAccounts with an outstanding balance as of October 15 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, 2022Interest-free loan: Payment of interestRecipients of aid from the UofT Law JD Financial Aid program provide a copy of the January or February 2022 bank statement in order for the Faculty to reimburse the interest on the line of credit loan. The reimbursement will be deposited to the student account in ACORN. 2-3 weeks
April 30, 2022Student Account paid in fullIf the student account in ACORN is not paid by the end of this academic year, students will be subject to academic sanctions. 

 

 

2021-2022 Upper Year JD Students 

DEADLINEITEMNEW STUDENTSRETURNING STUDENTSTIME TO PROCESS
Without delay, as soon as possibleJD Financial Aid Program application

Begin by applying for the Scotia Professional Student Plan® or TD Student Line of Credit® and government student loans.

For a provisional assessment (estimate) of the UofT Law aid package please use the online JD Financial Aid Calculator.

Apply by August 4 
May 31, 2021
Interest-free loan applications:
Scotia Professional Student Plan®, or
TD Student Line of Credit®
Application decisions will be communicated via email by the bank directly.
Students approved for the loan 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 Bank: 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 September 8 (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, 2021Government 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.

IMPORTANT: Before submitting the government student loan application (online or on paper), you MUST retain a copy of the completed form, showing the form questions and your data entered. The copy is needed for the JD Financial Aid application.

4-6 weeks
August 4, 2021Tuition 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 or TD funds until the start of classes on September 7, you can still have your tuition fees paid from your Line of Credit. 

To do so, you will have to provide Scotiabank or TD with a copy of your fees invoice (which you can access via 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 ACORN.
 see September 7
1 week
August 4, 2021JD Financial Aid Program applicationSubmit application and supporting documents, except for final summer paystubs.4-6 weeks
September 7, 2021Classes BeginStart of Fall Session (term) for upper year students. 
September 7, 2021Tuition Fee: Minimum payment in order to be officially registered see August 4Minimum 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 wait listed. 

Even though you will not have access to your Scotiabank or TD funds until you are officially registered, you can still have your tuition fees paid from your Line of Credit (interest-free loans).		1 week
September 7, 2021Final Summer PaystubSubmit for final assessment of JD Financial Aid program.10 days 
September 23, 2021JD Financial Aid Program final assessmentRelease date of email with final assessment, for those applications which were complete (with all supporting documentation) by September 7. 
September 30, 2021
Tuition fees: Fall Session fees dueAccounts with an outstanding balance as of October 15 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, 2022Interest-free loan: Payment of interestRecipients of aid from the UofT Law JD Financial Aid program provide a copy of the January or February 2022 bank statement in order for the Faculty to reimburse the interest on the line of credit loan. The reimbursement will be deposited to the student account in ACORN. 2-3 weeks
April 30, 2022Student Account paid in fullIf the student account in ACORN is not paid by the end of this academic year, students will be subject to academic sanctions.