If you intend to come study in Canada with a student visa, you should carefully read the financial information. Note that the remuneration for Teaching Assistantship work is insufficient to cover your living and tuition expenses. Also, it is extremely difficult to obtain a scholarship from McGill. Therefore, you must anticipate financing a significant part of the cost of your studies with funds from other sources. Ph.D. candidates with student visas may be provided with enough support to meet their expected costs.
Cost of Living
Apart from tuition fees, we estimate that a single student will need, at minimum, $15,000 per year to live in Montreal. Nature Magazine featured an article on graduate student salaries, including comments from McGill graduate students.
Tuition Fees and other fees
Note: Fees listed below are approximate and subject to change. For more accurate information, please see Masters's fees and charges and/or PhD fees and charges. Fees for Quebec students, Non-Quebec students and International students are different. At present, the yearly tuition and compulsory fees (based on 30 credits) for M.Sc. and Ph. D. are approximately:
M.Sc. students must pay three consecutive terms of residence and Ph.D. students must pay between four and six consecutive terms of residence, depending on the level of admission they entered the program. After the required terms of residence fees have been paid, students pay additional session fees for each additional term they are registered, as follows:
NOTE: There is an additional fee of $500 for compulsory health insurance. This amount will cover one year of health insurance and is for single coverage.
Exemption from foreign student fees are available to certain students, i.e.: French citizens, diplomatic visa holders and students accepted as refugees, pay fees at Canadian rates.
Students from countries where Quebec has a fee waiver entente may apply to the Minister of Education in their country for a fee waiver. Countries with such ententes currently include the following: Algeria, Argentina, Benin, Bolivia, Burkina-Faso, Burundi, Cameroun, Central African Republic, Chad, China, Colombia, Comoro Island, Congo, Costa Rica, Ecuador, Gabon, Guinea, Honduras, Ivory Coast, Kenya, Korea, Lebanon, Madagascar, Mali, Mauritania, Mauritius, Mexico, Morocco, Nigeria, Panama, Peru, Rwanda, Senegal, Togo, Tunisia, Venezuela, Zaire.
Also, McGill awards a number of Differential Fee Waivers (DFW) for foreign students on a competitive basis. If awarded a DFW, a foreign student would pay Canadian fees.
The sources of funding available for graduate students are available here