Entrance Scholarships

IBU is pleased to welcome new students. We offer two types of entrance scholarships.

IBU wants to recognize your hard work in secondary school!
 You will automatically be considered for a merit-based entrance scholarship if you fulfill the following criteria:

• Canadian citizen or permanent resident (PR status);
• Current full-time secondary school student (with continuous full-time secondary school enrollment for the past four years)
 OR completed full-time secondary school studies no more than one academic year before your admission semester at IBU (with continuous full-time secondary school enrollment for four years);
• Beginning post-secondary studies for the first time;
• Will be registered full-time* in your IBU degree program.

Entrance scholarships are granted for each of your first two IBU semesters. They are awarded based on the average of your top six Ontario Grade 12 U or M final full credit course grades, including the specific required courses for your program (or equivalent Grade 12 final credit course grades from secondary schools outside of Ontario)**.

*Full-time status at IBU, which is required for entrance scholarships, is defined as a minimum course load of 80% (12 credit hours). Entrance scholarships will be cancelled if you drop courses and reduce your course load to fewer than 12 credit hours at any time during that semester. **Determining the credits used to calculate your Grade 12 average rests solely with IBU. Any changes to final secondary school grades received after August 1 will not result in a recalculation of your average.

***If you earn a grade point average (GPA) of at least 4.0 for your second semester, you will also receive this scholarship in your third semester. You will continue to receive the scholarship as long as you take a full-time (80%) course load and earn a minimum 4.0 semesterly GPA, up to a maximum of eight semesters.
Registering full-time and maintaining a 4.0 GPA each semester will give you the maximum eight entrance scholarship awards.

You will be granted an entrance scholarship of $750 for each of the first two semesters if you:

• Did not receive a merit-based entrance scholarship;
• Are a Canadian citizen or permanent resident (PR status);
• Will be registered full-time* in your IBU degree program.

Full-time status at IBU, which is required for entrance scholarships, is defined as a minimum course load of 80% (12 credit hours). Entrance scholarships will be cancelled if you drop courses and reduce your course load to fewer than 12 credit hours at any time during that semester.

IBU students are not currently eligible for funding through the Ontario Student Assistance Program (OSAP). However, you can explore several other options designed to make education accessible.

IBU students are not currently eligible for funding through the Ontario Student Assistance Program (OSAP). However, you can explore several other o

Bank Loans:

Most financial institutions offer lines of credit to students at favourable rates. Speak with your bank or credit union representative to review your institution’s terms. Before making a decision, compare the terms with those of one or two other financial institutions

Education Savings Plans:

You and/or your family may have been putting aside funds for your education through an education savings plan. Once you have been admitted and registered for your IBU courses, contact your plan provider to find out how to access your funds.

Sponsorships:

Third-party organizations, such as Indigenous bands or foreign governments, support some students. These organizations can transfer the necessary funds directly to IBU. If you are a sponsored student and cannot pay your fees by the deadline, your sponsor will pay IBU directly. You must submit a sponsorship letter or confirmation to the Enrolment Services office.

Crown Wards:

If you are or were a crown ward and spent at least one full year in foster care, you may be eligible for a full waiver of your tuition and ancillary fees. Contact the Enrolment Services office for details.

HigherEdPoints:

You, your friends, or your family can convert Aeroplan, American Express, CIBC or TD points, or a HigherEdPoints gift certificate into funds that are applied directly to your tuition fees. For details, visit HigherEdPoints.com.

Entrance Scholarships:

If you have received an entrance scholarship, it will be applied directly to your account.

Other Scholarships:

Many organizations provide scholarships to students, often with specific and unique eligibility criteria. Explore the scholarship opportunities and applications on ScholarshipsCanada.com, as some may align with your circumstances. Submit as many applications as possible. Another site to consider is yconic.com.

Payment Plan:

If you are experiencing difficulties meeting the payment deadline and can demonstrate the ability to make regular payments, please visit the Enrolment Services office to discuss a payment plan option (not to exceed one semester).

The following awards are automatically bestowed.
You do not need to apply as these awards are granted at the time of admission, assuming eligibility is met.

LATAM | Philippines

Applicable Programs: Master of Business Administration

Eligibility: This grant is open to international applicants who are citizens of:

Funding Details :
All Amounts in CAD

For LATAM Only

For Philippines Only

A minimum deposit of $3,000 for LATAM and $8,300 for the Philippines is required.
*The total tuition fee listed does not include course textbooks and International Student Health Insurance.

Condition(s):

You must:

• Commence your program before your offer for admission expires;
• Students must keep the program;
• Pay all fees not covered by the award by their respective due dates;
• Maintain good academic standing;
• Maintain full-time enrolment status.

Award End Date:

This grant is valid until the end of 2025, with Fall 2025 being the last intake available for eligibility. Eligible applicants will need to submit their applications by the admission deadlines.