Anticipated Student Budget 

The Standard Student Budget is based on 8 months from September to April (with the exception of First year students, whose budget begins in mid-August). The budget includes:

  • tuition and fees (in-province or out of province, first year or upper year); based on actual fees for the 2023-2024 year and will be updated in mid July, 2024 for the upcoming year.  Tuition and Fees are posted on the University of Toronto's Registrar's website - https://studentaccount.utoronto.ca/ 

  • living with parents/guardians or away and other projected expenses, such as personal expenses are re-evaluated each year

Year of Study

First Year Students*

Upper Year Students

Living SituationLiving with Parents/GuardiansLiving IndependentlyLiving with Parents/GuardiansLiving Independently
Province of ResidenceOntarioOut of ProvinceOntarioOut of ProvinceOntarioOut of ProvinceOntarioOut of Province

Tuition**

$33,040$35,730$33,040 $35,730 $33,040$35,730$33,040 $35,730
Fees**$1,881$1,881$1,881$1,881$1,831$1,831$1,831$1,831
Personal Expenses***$3,800$3,800$3,800$3,800$3,540$3,540$3,540$3,540
Room and Board****$4,900$4,900$17,370$17,370$4,600$4,600$16,350$16,350
Total$43,621$46,311$56,091$58,781$43,011$45,701$54,761$57,451

* First year students: the budget reflects the fact that classes begin in mid-August rather than after Labour Day. 

**Subject to provincial and university policies. We expect the university to post the official tuition and ancillary fees for the upcoming academic year in mid-July at https://studentaccount.utoronto.ca/ 

*** Personal Expenses include supplies, cell phone, entertainment, gifts, clothing, personal maintenance and routine medical and dental expenses 

****Room and Board amount includes rent, food expenses, transportation, and utilities.