University of Toronto Scholarship: ₹956 crore scheme for PhD students—who will receive ₹77 lakh annually?
The University of Toronto in Canada has launched a new scholarship scheme worth $100 million (approximately ₹956 crore) to attract talented PhD students from around the world. Named the "President’s Impact Scholarship," it is one of the largest scholarship programs of its kind in Canada. The initiative aims to attract research students—both from Canada and other countries—whose work focuses on addressing today's complex global challenges.
Under this scheme, each selected student will receive financial support of $80,000 (approximately ₹77 lakh) annually. Over a period of four years, a student will receive a total of $320,000 (approximately ₹3.08 crore). This financial support will enable students to focus on their research throughout their PhD studies. The university states that this financial package is on par with the scholarships offered by leading research universities in the United States and the United Kingdom.
What is the objective of launching this scheme?
According to the university's president, the scholarship aims to attract top-tier PhD students from Canada and across the globe to the University of Toronto. Special emphasis will be placed on the research of students who can contribute to solving complex contemporary problems. The university believes that this scheme will foster research and innovation, cultivating future experts who will contribute to the development of society and the nation.
What research-related benefits will students receive?
PhD students participating in this scholarship program will have the opportunity to work with two faculty mentors rather than just one. This will assist them in conducting research that integrates different disciplines and fields. According to the university, the goal is to develop broad, interdisciplinary expertise among students. This is expected to encourage research that can have an impact across multiple sectors.
Where is the funding coming from?
According to the university, a Canadian family trust has donated $50 million (approximately ₹478 crore) for this program. This trust has long supported the University of Toronto and the higher education sector in Canada. The university has decided to match the annual funding generated by this donation, bringing the total value of the scholarship scheme to $100 million.
How many students will benefit?
According to reports, starting in September 2027, 12 or 13 new students will receive financial aid under this scheme annually for a period of four years. By the start of the program's fourth year, a total of 50 students will be part of this scholarship scheme. The university has stated that the number of scholarship recipients will be maintained at 50 thereafter.
How large is the University of Toronto?
The University of Toronto is one of Canada's leading public universities. Located in the city of Toronto, it is ranked 32nd in the QS World University Rankings 2027. In the QS World University Rankings by Subject 2026, the university ranked first in Canada. It was also ranked among the world's top 17 universities across five broad subject areas.
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