Fees & Financing
Any significant investment – buying a home, purchasing a car, or investing in your education – requires having all the necessary information to ensure you are making an informed decision. Indeed, Smith's Master of Management in Artificial Intelligence program is a significant investment of your time and money. We are pleased to provide you a detailed overview of what exactly you are paying for and the various ways you can finance your studies.
Understanding The Program Costs
The program fee is all-inclusive. It covers tuition, books, learning materials, coaching, the Student Assistance Levy (SAL), as well as accommodations and meals during on-site sessions.
Please keep in mind:
The MMAI program is not eligible for OSAP funding. We understand the importance of clear financial information, and we're sharing this to avoid any future confusion or frustration. Please take this into consideration while planning your finances for the program.
Travel Costs
Travel costs for on-site sessions are not included in the program fee. Students are responsible for making their own travel arrangements and meeting any travel requirements
On-site Session Costs
Accommodation is included for both the opening and second on-site sessions, which will take place in Kingston. Some meals for on-site sessions are included in program fees.
Payment Schedule
| Payment Type | Due Date | Domestic Students | International Students |
|---|---|---|---|
| Deposit | Upon Acceptance | $5,000* | $5,000* |
| 1st Installment | May 1, 2025 | $17,783 | $24,991 |
| 2nd Installment | Sept 1, 2025 | $22,783 | $29,992 |
| 3rd Installment | Jan 1, 2026 | $22,784 | $29,992 |
| Total | $68,350 | $89,975 |
- All figures in CAD.
- International students may be required to purchase the University Health Insurance Plan (UHIP) if they cannot provide evidence of equivalent coverage.
- A person is classified as a domestic student if they have Canadian citizenship, landed immigrant status, permanent resident status or dual Canadian citizenship.
- Fees are subject to final approval of Queen’s Board of Trustees and Ontario Ministry of Training, Colleges and Universities.
- *Non-refundable
Financing
Smith School of Business has partnered with RBC to offer a student line of credit tailored to your needs. We recommend you reach out to one of the contacts below, as they are familiar with our program and your financing needs.
Alternatively, please contact the RBC Advice Centre at 1-800-769-2511 or visit your local RBC branch to speak to an advisor.
Canadian citizens and permanent residents of Canada only. Acceptance to the program does not guarantee or imply qualification for financing.
RBC Contacts
Suzanne Doherty
suzanne.doherty@rbc.com
1.613.544.5640
Afsheen Asif
afsheen.asif@rbc.com
1.613.545.5746
Gillian Reynard
gillian.reynard@rbc.com
1.613.389.4922
For international students only.
MPOWER Financing offers loans to international students. To learn more or to start an application go to the MPOWER Financing website.
Questions? mpower.me@mpowerfinancing.com
Prodigy Finance broadens access to education for international students through study loans that don't require co-signers, collateral, or a credit history. To learn more or to start an application, visit Prodigy Finance.
Note: Acceptance to a program does not guarantee or imply qualification for financing.
Participants who pay all or part of the program fees personally are eligible to claim a tuition tax credit on the tuition portion of the fees. For more information, ask a professional income tax advisor to give you an assessment of the impact of your tuition on your personal tax situation.
You and/or your spouse may be eligible to make tax-free withdrawals from your RRSP's to help fund your education. This program is considered full-time and is eligible for withdrawals under the LLP. Please contact your income tax advisor for details.
Scholarships
Smith’s MMAI program is recognized by the Vector Institute for Artificial Intelligence for delivering a curriculum that equips graduates with the skills and competencies sought by industry. Students enrolled in the program with strong academic standing in their previous studies, typically an A– GPA or higher, may be eligible to apply for Vector Institute Scholarships valued at $17,500.
Smith School of Business is pleased to offer Dean's Entrance Scholarships to applicants on the basis of outstanding academic and professional achievements.
$10,000 scholarship awarded annually to 1 student entering the MMAI program. Given to an equity-deserving Canadian candidate who self-identifies as Black and demonstrates academic excellence, community involvement, and proven leadership experience. To be eligible, candidates must have either Canadian citizenship or Canadian Permanent Residency status. This scholarship is merit-based and will be awarded on the basis of an applicant’s essay submission, as well as the overall strength of their application profile. Selection will be made by a Smith EDII Scholarship Committee.
Essay submission deadline is March 15th. Please contact our Recruitment & Admissions team for more information.
$10,000 scholarship awarded annually to 1 student entering the MMAI program. Given to an equity-deserving candidate who is Indigenous-identified and demonstrates academic excellence, community involvement, and proven leadership experience. This scholarship is merit-based will be awarded on the basis of an applicant’s essay submission, as well as the overall strength of their application profile. Selection will be made by a Smith EDII Scholarship Committee.
Essay submission deadline is March 15th. Please contact our Recruitment & Admissions team for more information.
The Ian R. Friendly Women in AI Graduate Scholarship will award two $10,000 scholarships annually to female students in the Master of Management in Artificial Intelligence (MMAI) program at Smith School of Business. Recipients will be selected based on their academic excellence, with preference given to Canadian and U.S. residents. This scholarship aims to support and encourage women to excel in AI, helping to address gender equity in this innovative field. The admission committee will consider all enrolled students, and the scholarship will be awarded before the start of the program.
Recipients will be asked to participate in a panel discussion where they join alumni and share their journeys and insights, encouraging more women to dive into the exciting world of AI. This discussion not only highlights the importance of women in AI but also offers invaluable support and resources to help women succeed.
MMAI 2025 Vector Scholarship Recipients
Dumebi Onyeagwu
Business Intelligence Developer, BioScript Solutions
Megan Murphy
Management Consultant, Deloitte