Funding
We recognize that pursuing a Professional Master’s Diploma is a significant financial investment and want to help ensure you are able to focus on your studies.
Merit-Based Scholarships - $3,000
All applicants to the Professional Master’s Diploma in Accounting program are considered for a merit-based entrance scholarship, awarded solely on the basis of academic achievement.
Applicants must meet a specified GPA requirement at the start of the program. The scholarship amount may be up to $3,000, depending on GPA. Funds are distributed in the program's second month, and no separate application is required. Applicants are strongly encouraged to apply early to maximize their chances of receiving a scholarship.
Please note that students in the Professional Master’s Diploma program are not eligible for OSAP funding. For information on alternative funding sources, refer to the links below.
Ronald Alphonso Award
The award was created by Jonathan Alphonso and his mother, Helen Eliopoulos-Alphonso, in memory of Jonathan’s father and Helen’s husband, Ronald Alphonso, a TMU alumnus.
Application deadline:
April 1, 2026
Value and duration:
One (1) annual award of approximately $3,000.
Weighted criteria:
- Candidate that is a graduate student or incoming graduate student at the Ted Rogers School of Management with financial need who is interested in re-investing in themselves as part of a career transition.
- Full-time or part-time graduate student.
- Incoming students for the MBA, Master of Science in Management, PhD in Management, or Master of Health Adminstration programs.
About Ronald Alphonso
Ronald Alphonso was an extraordinary man, a proud Toronto Metropolitan University graduate, respected entrepreneur, and dedicated community member. He lived a life defined by integrity, resilience, and a deep commitment to personal growth. Ronald earned two degrees at his alma mater: an undergraduate degree in Business Administration and, later, an MBA with a specialization in technology and innovation. He exemplified the value of lifelong learning, pursuing graduate education at the age of 50 as part of a significant career transition.
Following this, Ronald founded and served as principal broker of the Mortgage Broker Store, where he built a successful business grounded in honesty, empathy, and client-focused service. Known for his generosity, sharp wit, and ability to make others feel seen and valued, Ronald left a lasting impact on all who knew him.
In honour of his legacy, the Ronald Alphonso Award has been established to support graduate students who, like Ronald, are re-investing in themselves as part of a career transition. This award reflects a commitment to fostering the next generation of business leaders and recognizes the evolving nature of work, encouraging those who are bold enough to chart new paths and pursue meaningful change through education.
AwardSpring
AwardSpring enables you to view and apply for all awards available at Toronto Met in one convenient spot. Using your Toronto Met email, simply log into the system at torontomu.awardspring.ca (external link) , external link, opens in new window and create a single application to be considered for all awards for which you are eligible.
BMO Student Line of Credit
A BMO Professional Student Line of Credit is a flexible, affordable way to pay for your business studies.
How it works:
- You have access to funds whenever you need them and only pay interest on what you borrow
- There are no annual or monthly fees
- You can pay the entire outstanding balance whenever you want, without a penalty
- Make interest-only payments while you are still in school and up to two years after graduation, followed by a monthly repayment schedule
Terms and Conditions
By accepting funding from Toronto Metropolitan University, you agree to the following Terms and Conditions.