How Much Does University of Toronto Cost Per Year? (2026-27)

No page at the University of Toronto adds these up into one number. Tuition and compulsory fees sit in the registrar’s Tuition Explorer, residence rates on a Student Life comparison page, books and health insurance on a faculty site, and the university’s own University Fees (opens in a new tab) page for future students carries no dollar figures at all. Put the pieces together and one year at U of T costs between about $10,800 and about $88,700 in Arts & Science, and close to $97,700 in the priciest program. Two things set where you land: which tuition tier you’re in, and where you sleep. For a Canadian student, housing is the bigger of the two.

How much does University of Toronto cost per year?

For 2026-27, tuition and compulsory fees for a full-time Arts & Science student at the St. George campus come to $8,320 for an Ontario resident, $9,710 for a Canadian from another province, and $69,158 for an international student. Housing, food and transit then add anywhere from $1,000 to $20,500 on top.

Tuition and the $2,100 compulsory fee come from U of T’s Tuition Explorer (opens in a new tab) for 2026-27, and the international row includes the $948 university health insurance premium (opens in a new tab), up from $792 this September. The residence figure sits at the low end of a college room with a meal plan, from U of T’s published 2026-27 residence range (opens in a new tab) of $9,000 to $33,965. The off-campus row is a room in a shared three-bedroom at Toronto’s market rate, groceries, and a $128.15 TTC post-secondary pass, over a 12-month lease. Books are the low end of U of T Engineering’s $1,500 to $2,000+ range.

Compulsory fees vary by a few hundred dollars between colleges and campuses, so treat $2,100 as a ballpark, not your invoice. Residence and books both sit at the low end of U of T’s published ranges here, so read these totals as a floor rather than an average.

Why does the same class cost $6,220 for one student and $66,110 for another?

U of T charges three tuition rates for the same seat: Ontario resident, Canadian from another province, and international. Program matters on top of that, and the two together produce a spread of more than twelve to one.

These are the approved 2026-27 rates in U of T’s tuition fee schedules (opens in a new tab), and they cover tuition only.

How to update this table next year

You can do it yourself, because Ontario publishes the rule in advance. Ontario resident tuition was frozen from 2019-20 through 2025-26. In February 2026 the province set a new framework allowing increases of up to 2% for 2026-27, 2027-28 and 2028-29, then the lesser of 2% or a three-year average of inflation. U of T applied the full 2% this year, which is why Arts & Science moved from $6,100 to $6,220. Non-Ontario Canadian rates rose 5% and international rates rose 3.7% on average.

U of T also caps what it can do to you once you’re enrolled. Under its tuition fee policy, no continuing student faces an increase of more than 5% a year for the normal length of their program. So a student starting Arts & Science at $6,220 knows their worst case in fourth year is about $7,200, whatever the province does.

The second-year jump that catches out Commerce and computer science students

Several U of T programs admit you into first-year Arts & Science and charge the Arts & Science fee, then move you onto a much higher program fee from second year. Rotman Commerce goes from $6,220 to $16,210 for an Ontario resident, a jump of almost $10,000 that arrives in the same summer as a second-year lease. Computer science, data science, bioinformatics, CCIT, UTM Management and UTM Visual Studies all work the same way at smaller numbers.

An offer letter quotes first-year tuition. If your program is on that list, budget the second-year rate from the start.

Residence or off-campus: the four-month gap

Residence looks like the expensive option and often isn’t, because the two contracts don’t cover the same year. U of T residence contracts run about eight months, and most include a meal plan. An off-campus lease runs twelve, and your landlord has no interest in whether you’re in Toronto in July.

That’s why a $1,130-a-month room looks cheaper than an $18,000 residence and ends up costing more. Twelve months of that room is $13,560, and once groceries and a transit pass are in, the off-campus year in the table above costs about $2,500 more than residence. It buys a summer address and a kitchen, which many students want. It just isn’t the saving that the monthly rent suggests.

What you’ll actually pay after aid

The posted price isn’t what a student on OSAP ends up paying. In its 2026-27 budget (opens in a new tab), the university reports that students receiving OSAP in direct-entry undergraduate programs paid an average of 24% of the posted tuition price in 2024-25, once OSAP and U of T grants were counted. Its own need-based aid budget for domestic students is $42 million for 2026-27, up 3%.

That discount doesn’t reach everyone. It’s need-tested, it doesn’t apply to international students, and Ontario has been shifting OSAP support from grants toward loans, which our national breakdown of what university costs in Canada covers in more detail. Budget from the posted number, and let the aid make the year easier than you planned.

How much do you need to save each month?

Straight division of the all-in figures above, with no interest or investment growth counted. The targets are a commuting year at about $10,800, one year in residence at about $27,800, and four years in residence at about $111,200.

The four-year column is the one a parent actually needs. Ten years out, four years in residence is $927 a month. One year out, it’s $9,267.

Where should the money sit while you save?

For a parent more than a couple of years out, an RESP first. Ottawa adds 20% on the first $2,500 you contribute each year through the Canada Education Savings Grant, up to $500 a year and $7,200 per child. The $232 a month in the table above works out to $2,784 a year, which collects the full grant. No savings account pays you 20%.

For money you need within two or three years, a high-interest savings account at your own bank. Everyday rates run roughly 0.30% to 2.75% as of September 2026, with promotional rates higher for a few months at a time. Not a chequing account, where the money earns nothing and gets spent, and not the markets, where a bad twelve months arrives in the same September as the tuition deadline.

Making the wait for September less dull

The hard part of a four-year savings target isn’t the math. It’s the stretch of months where nothing happens and the balance barely moves.

Lodavo is a free Canadian app that gives you tickets in a weekly cash draw for the money you save. You connect the account you already have through Plaid, and every $25 in your savings earns a ticket in that week’s draw, with prizes up to $10,000 and at least $100 going to a user every week. Your money never leaves your bank, so the savings account above keeps earning what it earns and the draw runs in parallel. There’s a directory of Canadian banks that connect if you want to check yours first.

Terms and conditions apply. No purchase necessary (alternate method of entry available). Skill-testing question required. Open to legal residents of Canada who are the age of majority. Odds depend on the number of eligible entries received. Full rules and odds at our contest rules.