Graduate students at Waterloo can apply for various funding opportunities, including research assistantships, teaching assistantships, and competitive fellowships. The university also provides external funding sources, such as government scholarships and private research grants. Students can apply for these funding opportunities through their respective departments or by submitting their applications directly to the Graduate Studies office.

To receive financial aid, students must submit a Financial Need Assessment Form or an application for a specific scholarship or grant. Applications are reviewed by the Financial Aid office, and decisions are typically made within a few weeks of the submission deadline. Students are notified through their student portals, and the funds are applied directly to their tuition or disbursed via direct deposit.