Tuition and Financial Aid
Tuition fees for entering Juris Doctor (J.D.) students as of 2012 are $27,420 per annum (excluding incidental fees). Although the Faculty of Law has the highest tuition fees of any law school in Canada, it also has a generous financial aid program.
All students who have eligible unmet need according to the financial aid policies will receive assistance in the form of bursaries and interest-free loans. The most controversial part of the faculty's financial aid program, which was initially designed by students and administration collaboratively, is that it uses a "deemed parental contribution" as part of determining a student's unmet need. There is no deemed parental contribution below an income threshold that is around the average Canadian household income. The deemed parental contribution phases out with the age of the student.
The Faculty of Law is the only law school in Canada with a back-end debt relief program for graduates who choose to pursue low income employment. The "back end debt relief program" is targeted to relieve debt with respect to financial aid/interest-free loans that are recognized by the faculty; most third-party debt (lines of credit; credit cards; mortgage debt) is not recognized and is not eligible for faculty support.
Read more about this topic: University Of Toronto Faculty Of Law
Famous quotes containing the words tuition, financial and/or aid:
“You send your child to the schoolmaster, but ‘tis the schoolboys who educate him. You send him to the Latin class, but much of his tuition comes, on his way to school, from the shop- windows.”
—Ralph Waldo Emerson (1803–1882)
“For the merchant, even honesty is a financial speculation.”
—Charles Baudelaire (1821–1867)
“The duty of the State toward the citizen is the duty of the servant to its master.... One of the duties of the State is that of caring for those of its citizens who find themselves the victims of such adverse circumstances as makes them unable to obtain even the necessities for mere existence without the aid of others.... To these unfortunate citizens aid must be extended by government—not as a matter of charity but as a matter of social duty.”
—Franklin D. Roosevelt (1882–1945)