Tuition
Domestic tuition for all three terms is $35,000 CAD, plus applicable student fees and materials, paid in instalments.
International tuition for all three terms is $60,000 CAD, plus applicable student fees and materials, paid in instalments.
Tuition does not cover transportation to and from in-person bootcamps (e.g. airfare to/from Hamilton), meals (unless otherwise noted), or additional ancillary fees. Most course materials are provided in digital format. Textbooks will not be required.
Scholarships
Scholarships will be available for application each academic year to candidates who have been accepted into the MBI program.
Scholarships are only available to those accepted into the program and payment will be reflected on each recipient’s MBI tuition statement. Each applicant is eligible to receive only one award; multiple awards will not be granted to the same recipient. Two scholarships will be awarded for each category.
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MBI Scholarship Award dedicated to Female Entrepreneurship: $5,000*
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MBI Scholarship Award recognizing Community Engagement in Biomedical Innovation: $5,000*
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One Vascular sponsored Award recognizing Innovation Excellence: $5,000*
Entrance Scholarships
In addition, entrance scholarships may be offered to applicants subject to the program’s discretion. For inquiries regarding funding or financial support, kindly reach out to the Program Manager for more information.
* Scholarships will be reflected on each recipient’s MBI tuition statement. Official applicants are considered individuals who complete the initial candidacy and formal application.
Financial Assistance
OSAP
Students in the MBI program are not eligible for the Ontario Student Assistance Program (OSAP).
Student Line of Credit
Most banks offer student lines of credit with increased limits for professional programs. Contact your financial institution to discuss which options are available to you.
Tuition Tax Credit
If you are self-funding, tuition fees for the Master of Biomedical Innovation may be tax deductible. For details please consult the Canada Revenue Agency or your tax professional.
Lifelong Learning Plan
You or your spouse may be eligible to make tax-free withdrawals from your RRSPs (up to $20,000 each) under the Canada Revenue Agency’s Lifelong Learning Plan (LLP). Please visit the LLP website for more information.