What are my financing options for Rotman?
The Rotman School does not offer direct financing for the program. However, we can provide you with contacts at major financial institutions who do offer packages for our students. As the One-Year Executive MBA program is considered a full-time program, Canadian citizens or permanent residents who have Registered Retirement Savings Plans (RRSPs) can use the Life Long Learning Plan (LLP) to finance their own education or that of their spouse/partner. Amounts withdrawn under the LLP do not count towards income and the RRSP issuer does not withhold taxes on these amounts. Withdrawals must be repaid over a period of not more than 10 years. For more information, consult the Canada Revenue Agency at www.cra.gc.ca. Additionally, the tuition portion of the program fees is tax deductible. You will receive T2202 forms for each tax year. Please contact your tax advisor to see how this will impact your personal finances. Please note, the Executive MBA is considered a private program and, as such, does not qualify for OSAP (Ontario Student Assistance Program) loans.