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Finances

Master of Management in AI and Analytics

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Tuition

We recognize that the cost of pursuing a master’s degree is a significant consideration. It’s also an important investment—one that can shape your personal and professional future.

TUITION 2025/2026*
Master of Management in AI and Analytics (Domestic) $45,000
Master of Management in AI and Analytics (International) $65,000

*The fees above are estimated and are subject to yearly changes.

Scholarships and bursaries

Entrance scholarships ranging from $2,500-$15,000 are available. No separate application will be required for these scholarships and all complete submitted applications will be considered for these scholarships.

Financial aid

 

We have compiled a list of financial aid resources that support students to ensure that no exceptional candidate is prevented from enrolling due to financial constraints.

Domestic students:

Ontario Graduate Scholarship Program: For domestic students applying to the MMAI&A program, those with an A- equivalent GPA or higher who apply by Round 2 (February 28, 2026) may also be considered for the Ontario Graduate Scholarship (OGS).

Click here for more information.

  • Maximum loan amount is $65,000 (based on projected income of $80,000)
  • Interest:  Variable Rate (Subject to change)
  • Payments:
    • Monthly Interest-Only While Studying
    •  Up to 2 years before you need to start repaying the principal
  • RBC on Campus McMaster Advisor Contacts:

BMO logo

A student line of credit* is a flexible, affordable way to pay for school. Here’s how:

  • Easy access cash to help cover tuition, rent, books, etc.
  • Get a competitive interest rate with no annual or monthly fees.
  • Make interest-only payments while you’re in school, plus two years after graduation.
  • 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.

DeGroote Student Rate: BMO is here to help you focus on what’s important – your studies. BMO is offering DeGroote students’ a low-interest rate of BMO’s Prime Rate+ 0.5% while you’re in school; up to a limit of $90,000 depending on your program or borrowing needs*.

Do Full-time and Part-time students qualify for the same amount?

Part-time students may not qualify for the full maximum academic year credit limit. Annual education expenses will determine the credit limits for these students. Expenses may include the cost of all courses for the year, such as tuition and books, etc. For correspondence courses, the credit limit cannot exceed the total costs for the course. Carry-over may be allowed, however discretion should be exercised and assessed based on the budget the student provides.

Your DeGroote designated BMO branches:

Branch staff at these locations will be available to answer any questions you have related to your graduate studies. To access the DeGroote specific PSLOC rate you’ll need to visit one of the branches listed below.

BMO Branch – Burlington Location
1841 Walkers Line
Burlington, ON
L7M0 H6
Branch Manager – Shawn Hokansson
E-mail: Shawn.Hokansson@bmo.com
Phone : 905-336-3726

BMO Branch – Dundas Location
81 King Street West
Hamilton, ON
L9H 1T5
Branch Manager – Jaclyn Del Rosso
E-mail: Jacylyn.derosso@bmo.com
Phone : 905-628-2284

BMO Branch – Hamilton Main
50 Bay Street South
Hamilton, ON
L8P 4V9
Branch Manager: Rita Vetresnco
E-mail: rita.ventrescasantini@bmo.com
Phone: 905-526-7463

For more information, visit Professional Student Line of Credit – BMO Canada or talk to a BMO employee at any BMO DeGroote designated Branch.

*Terms and conditions apply

International students:

MPOWER Financing is the leading provider of no-cosigner loans to students from around the world. MPOWER loans are based on a student’s career potential and can cover tuition and other education-related expenses.

Key features:

  • No cosigner or collateral needed
  • Fixed-rate loans of up to $100,000 USD (about CAD $135,000)
  • Interest rates from 6.49% with no prepayment penalty
  • Career support through MPOWER’s Path2Success program
  • Applying is fast, free and has no commitment. Apply here.
  • Also, check out their scholarships

Visit their website, call them at +1-647-503-4607, or email them here.

Prodigy lends internationally based on your future potential. You can travel across the world to get a top-tier master’s degree—without worrying about collateral or a co-signer. Key features:

  • No co-signers and no collateral
  • No hidden fees/charges
  • 100% online process
  • Offer within 1-5 days
  • Customized offer with competitive interest rates

For more information, visit their website or email them at info@prodigyfinance.com

HDFC Credila offers a completely customized product for Indian nationals who opt to pursue their university/college education in Canada.

  • Funding for: Tuition Fee + cost of living + any other education-related expenses
  • Flexible repayment options with up to 180 months (15 years) loan tenure [1]
  • Competitive interest rates—starting from 10.75% p.a. [2]
  • Attractive tax benefits
  • Dedicated relationship managers with door-step service

Apply online

For more information, please contact Mr. Tushar Adole

[1] Terms and conditions apply.

[2] The interest rate offered will vary on a case-by-case basis and on individual merits.

 

Note: DeGroote does not play any role in determining loan eligibility.

Payments to your student account are intended specifically to cover all outstanding charges directly associated with your education at McMaster University. Your student account should not be utilized as an intermediary for transferring funds. By adhering to this policy, we ensure the proper allocation of funds and maintain transparency in financial transactions. Refunds related to payments originally received through private lender must be returned to the lender by the student. The student is responsible for any foreign exchange transaction costs related to the borrowed amount. Learn more.

DeGroote does not guarantee, co-sign, or endorse any of these specific programs of funding. Any students engaging with third-party lenders must follow McMaster University’s Third-Party Sponsorships policy.