2023 Maclean's University Rankings: Scholarships and Bursaries

By Tess Campbell Modified on October 26, 2022
Tags : Health and Wellness | High School | Money | Rankings | Scholarships

Check out Maclean's 2023 rankings of which schools devote more of their budget to funding scholarships and bursaries.

 2023 Maclean’s University Rankings: Scholarships and Bursaries

As you prepare for the next steps in your education, you’ve probably thought about how you’ll financially support yourself. One factor to consider when applying to your next school is what scholarship and bursary options are available to you.

Luckily, Maclean’s has recently released their 2023 rankings for schools with the top scholarship and bursary budgets. So, whether you’re looking at specific undergraduate, comprehensive, or medical doctoral schools, you’ll have a better idea of which universities are most committed to providing funding for students.

The following universities devote a higher percentage of their operating expenditures to funding their scholarships and bursaries. Basically, these schools allocate more of their budget towards scholarships, bursaries, and awards for students. Make sure you check out each school’s website for the latest scholarship information!

The rankings for 2023 are as follows:

Primarily undergraduate universities

Universities in this category are largely focused on undergraduate education, with relatively fewer graduate programs and graduate students.

School Overall Ranking Percentage of Operating Budget Dedicated to Awards
Mount Allison University 1 11.1%
Saint Mary’s University 2 10.5%
Trent University 3 9.1%
University of Prince Edward Island 4 8.3%
Bishop’s University 5 8.2%
Lakehead University 6 7.7%
Acadia University 7* 7.6%*
St. Thomas University 7* 7.6%*
St. Francis Xavier University 9 7.0%
Mount Saint Vincent University 10 6.9%
Université de Moncton 11 6.7%
Nipissing University 12* 6.5%*
University of Winnipeg 12* 6.5%*
Ontario Tech University 14 6.3%
Brandon University 15 6.1%
Laurentian University 16* 5.4%*
University of Lethbridge 16* 5.4%*
Cape Breton University 18 5.2%
University of Northern British Columbia 19 4.6%

An * indicates a tie.

Comprehensive universities

Universities in this category have a significant amount of research activity and a wide range of undergraduate, graduate, and professional programs.

School Overall Ranking Percentage of Operating Budget Dedicated to Awards
University of Waterloo 1 15.6%
York University 2 12.8%
University of Victoria 3 11.2%
Carleton University 4 10.9%
University of Guelph 5 10.7%
Brock University 6 9.7%
Wilfrid Laurier University 7 8.9%
Concordia University 8* 8.6%*
Simon Fraser University 8* 8.6%*
Memorial University 10* 8.1%*
Toronto Metropolitan University 10* 8.1%*
University of Regina 12 8.0%
University of New Brunswick 13 7.0%
Université du Québec à Montréal 14 6.7%
University of Windsor 15 6.3%

An * indicates a tie.

Medical doctoral universities

Universities in this category have a broad range of PhD programs and research, as well as medical schools.

School Overall Ranking Percentage of Operating Budget Dedicated to Awards
McGill University 1 17.0%
University of Ottawa 2 13.5%
Dalhousie University 3 13.4%
Queen’s University 4 13.2%
University of Calgary 5 12.5%
University of Manitoba 6 12.1%
University of Alberta 7* 11.8%*
Western University 7* 11.8%*
University of Toronto 9 11.7%
Université Laval 10 10.8%
Université de Montréal 11 10.3%
University of British Columbia 12 8.9%
University of Saskatchewan 13 8.7%
Université de Sherbrooke 14 7.6%
McMaster University 15 6.9%

An * indicates a tie.

Don’t worry if you don’t see a school you’re interested in on these lists! Every school’s scholarship and bursary program is different, and each school will be able to offer you something special. Make sure you explore the funding programs available at the schools you’re interested in to make the best decision for you!

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