SGS Graduate Student Financial Need Assessment (FNA) Form

SGS Graduate Student Financial Need Assessment (FNA) Form

Master of Teaching (MT) Program
Master of Teaching applicants interested in being considered for financial needs based MT Awards must complete and submit this Financial Need Assessment (FNA) form with all required supporting documentation.

Once you submit this FNA form, you will receive an email confirmation that includes your Financial Need Assessment (FNA) Reference Number.

If you would like to be considered for Merit + Financial needs based MT Entrance awards through the online admission application, you will be asked to enter your FNA Reference Number in the MT Entrance Award section of your online admission application. The format of the reference number is "FNA-####". This form will only be used for MT Award considerations. If you have any questions, please email oise.ctlawards@utoronto.ca.

Important:
Please ensure that your first and last name matches your admissions application.
Name:*

First Name (must match your admission application)Last Name (must match your admission application)
Email (Ideally UofT address):
Please use the email address that you are using for your admission application (UofT email address if available)
Application or Student Number (if available):
Proposed Graduate Unit:
What Master of Teaching division(s) are you applying for? Select all that apply.

Primary-Junior (JK - Grade 6)Junior-Intermediate (Grade 4 - 10)Intermediate-Senior (Grade 7 - 12)
What award(s) are your applying for? Select all that apply.

The M. Penelope Carter AwardDr. and Mrs. R.L. Peterson Memorial Entrance AwardRoseann Runte Award
Enter your expected expense and resource amounts in Canadian dollars for the total number of months you expect to be registered in the academic year 2025-26 (typically 12 months between September and August. The “Monthly Allowable Amount” provided is based on allowable claims determined by the Ontario government, for which rent, utilities, food, household supplies, phone & internet, transportation costs, etc. are accounted. Supporting documents must be provided for items in the Additional Expenses section.
EXPECTED EXPENSES

For the academic year
Enter the number of months registered:*
(e.g., 8 or 12)
1) LIVING EXPENSES
Choose one living arrangement type:*

Single/separated/divorcedPartnered
Do you pay any monthly housing costs (e.g. rent, utilities)?*

No Housing Costs (e.g.,no rent)Has Housing Costs (e.g.,rent, utilities)
(1) Rows 1 and 2 in the section (Living Arrangements)

No Housing Cost / SingleNo Housing Cost / PartneredHas Housing Cost / SingleHas Housing Cost / Partnered
Do you have any dependent children?*

YesNo
How many dependent children under the age of 12 do you have?
List age(s) of dependent(s):
List children's ages up to and including 12 (e.g., 1, 3, 5)
How many dependent children aged 13-18 do you have?
List age(s) of dependent(s):
List children's ages between the ages of 13 and 18 (e.g., 16, 17)
(1A) Row 3 (Children Under 12)

No Housing Costs and Children Under 12Has Housing Costs and Children Under 12
(1B) Row 3 (Children Between 13 and 18)

No Housing Costs and Children Over 12Has Housing Costs and Children Over 12
(1) Total for Children:
Calculated Field
Total for LIVING EXPENSES:
Calculated Field (in CAD)
2) TUITION
This is an estimate, please refer to the student account website for details.
If admitted to the Master of Teaching program, would you be paying tuition fees as an international or domestic student?*

DomesticInternational (this will include UHIP)
For international students, the cost of the University Health Insurance Plan (UHIP) is added to the calculation.
Total for TUITION:
Calculated Field (in CAD)
3) ADDITIONAL EXPENSES

Supporting documentation (e.g., receipt) is required and must be attached to this form for each value provided in this section. Amounts without supporting documentation will not be considered.
Day care costs (maximum $548/month):
Maximum is $548 per month per child
Number of children in day care:
Books & Academic Supplies (enter total only):
Amount in CAD
Do you have additional expenses?*

YesNo
First other additional expense description:
Cost (1st expense):
Amount in CAD
Second other additional expense description:
Cost (2nd expense):
Third other additional expense description:
Cost (3nd expense):
Enter amount in CAD
Supporting documentation (e.g., receipt) is required and must be attached to this form. Please upload your files here.

Please use PDF if possible, and try merging all documents into a single PDF.
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Total for ADDITIONAL EXPENSES:
Calculated Field (in CAD)
Total EXPECTED EXPENSES (sections 1 – 3)
Calculated Field (in CAD)
EXPECTED RESOURCES

Must be for the same timeframe as the Expected Expenses section (i.e., 8 or 12 months)
Government Student Loans/Aid/Sponsorship:
Amount in CAD
Specify what Government Student Loans/Aid/Sponsorship you have:
Attach preliminary assessment(s):

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Available student line of credit / financial institution loan:
Amount in CAD
Other awards (e.g., departmental admission awards and external funding sources):
Amount in CAD
Other employment income (net amount after tax deduction) for the registration period specified:
Amount in CAD
Funds/support from family member(s):
Amount in CAD
50% partner’s income after tax deduction (i.e., net income 2). This amount must be provided if partnered expenses are claimed in the Expected Expenses section above.
Amount in CAD
Child support or government assistance/benefits:
Amount in CAD
Savings and Investments:
Amount in CAD
Other support/assistance/resources:

Specify below
First other support/assistance/resources description:
Cost (1st resource):
Amount in CAD
Second other support/assistance/resources description:
Cost (2nd resource):
Amount in CAD
Third other support/assistance/resources description:
Cost (3rd resource):
Amount in CAD
Total EXPECTED RESOURCES:
AVAILABLE RESOURCES:
Amount in CAD (can be negative)
Available Resources = (Resources) – (Expenses)

Financial need is normally demonstrated when a negative or very small positive balance (under $500) appears in this field.
Applicant’s Declaration and Authorization
I hereby certify that the foregoing information is, a true, complete and accurate statement of my financial status. I understand I may be required to supply additional documentation if this application is successful and if I am requested to do so. This application and all supporting documents will be retained in the graduate unit records. I authorize the graduate unit to contact the sources of my supplementary documentation to verify the information. If any information I have provided is found to be intentionally falsified, I understand I may become permanently ineligible to apply for or receive any future awards. By submitting this application, I acknowledge that I may automatically be considered for other available awards for which I may be eligible.*

I have included all receipts or supporting documents for expenses listed in section Additional Expenses (section 3) if claimed.
Signature:*

Clear
Date*

MonthDayYear
Date

Guide for the SGS Financial Need Assessment Form
SGS Financial Need Assessment Form

GUIDE
Expected Expenses

The SGS Financial Need Assessment section serves to calculate your expected resources and expenses for the upcoming academic year. The amounts are calculated based on the number of months entered, for which you expect to be registered in the upcoming academic year.

Financial need is normally demonstrated when a negative or very small positive balance (under $500) appears in the “AVAILABLE RESOURCES” field of the application (e.g., “Total Expected Expenses” is higher than “Total Expected Resources”). Showing a large positive balance in the “AVAILABLE RESOURCES” field will normally not be considered a demonstration of financial need, unless extenuating circumstances are also reported (supporting documentation must be submitted).

Living Expenses

Enter the number of months you expect to be registered for the academic year. Choose which living situation applies to you

(no housing costs or with housing costs) and fill in the appropriate information where necessary.

Example #1: A single student who will be registered for 12 months, does not have children and is living in his/her parent’s home should:
- Choose “Single/Separated/Divorced”
- Choose “No housing costs”
- The amount should auto-calculate
Example #2: A student who will be registered for 12 months, has a partner and 2 children under the age of 12 paying rent should:
- Choose “Partnered”
- Choose "Has housing costs”
- Choose "Yes" in response to the question "Do you have dependent children?"
- Enter “2” under “Number of dependents aged 0-12” to account for the two children
- The amount should auto-calculate
Tuition & Other Fees

As tuition for the upcoming year will not be posted until July, the fees reflected are for the current academic year and is used as an estimate.

If you are an international applicant, the University Health Insurance Plan (UHIP) cost is already incorporated into the tuition fees amount on the form.

Review the Tuition Fees Schedules at https://studentaccount.utoronto.ca/ for detailed information.

Books & Academic Supplies

Include the total cost of books, photocopying, supplies, equipment, etc. expected for the upcoming year. Provide reasonable academic related expenses. Supporting documentation must be submitted.

Other

Include other necessary expenses you expect to incur (e.g., extended daily commuting costs, prescribed medication not covered by insurance). Supporting documentation (e.g., receipts from current year) must be provided for each item or the amount(s) will be automatically removed from consideration. Do not include Food, Household Supplies, Clothing, Transportation, Phone & Internet expense as they are already taken into account under "living expenses" within the "Monthly Allowable Amounts". The “Monthly Allowable Amounts” are based on allowable claims determined by the Ontario government.

Expected Resources

Government Student Loans/Aid

If you are planning to apply for government student loans from your home country for the upcoming academic year, enter an estimated amount for the upcoming year. Canadian citizens and permanent residents are expected to apply for government student loans from their home province.

Available student line-of-credit / financial institution loan: Only include the amount currently available to you through your student line-of-credit or bank loan.

Awards

Include awards/scholarships/fellowships, etc., that have been offered to you and that you have accepted to receive in the upcoming academic year. If you have not been offered any awards for the upcoming year, enter “0”.

Other employment income

Include expected employment income (e.g., work-study, off-campus employment, paid internships).

Funds or Support from family member(s)

Enter any funds or payments provided as support by family or friends, including gifts or loans.

Partner’s Income

If you chose the “Partnered” category under “Expected Expenses”, enter 50% of your partner’s net income (after tax deduction). To calculate, determine your partner’s total annual income amount after taxes are deducted, and divide the amount by 2.

Savings and Investments

Include the total amount of savings or investments you have access to (i.e., bank or investment accounts that you can access relatively easily).

Financial Resources Supporting Documentation

To determine whether you are a dependent and need to attach parental/spousal financial and tax statements:

A dependent is defined as a biological/adopted child, spouse, or common-law partner who is in one of the following situations of dependency:
1. under age 22; or
2. enrolled continuously at a college, university or other educational institution and dependent substantially on the financial support of the parent, spouse or common-law partner; or
3. a person with a disability who has been financially supported substantially by his or her parents and who is unable to be self-supporting because of the disability.
Should be Empty:

SGS Graduate Student Financial Need Assessment (FNA) Form

EXPECTED EXPENSES

1) LIVING EXPENSES

2) TUITION

3) ADDITIONAL EXPENSES

EXPECTED RESOURCES

Other support/assistance/resources:

Applicant’s Declaration and Authorization

SGS Financial Need Assessment Form

Expected Expenses

Living Expenses

Tuition & Other Fees

Books & Academic Supplies

Other

Expected Resources

Government Student Loans/Aid

Awards

Other employment income

Funds or Support from family member(s)

Partner’s Income

Savings and Investments

Financial Resources Supporting Documentation