As early as 1969, a Director, Student Awards and High School Relations reported to the Chief Academic Officer for Student Affairs and the GFC Committee on Academic Awards and was responsible for the initial processing and assessment of applications for student assistance; made recommendations to the Student Assistance Board; made short-term repayable loans through an emergency loan fund; provided financial counselling and advised students and high school groups as to availability of money sources; assisted in establishing terms of reference for new scholarships which the Committee considered for approval; and developed programs to improve on-campus high school relations. By 1970, the Director's title had been changed to Chief Officer, Student Awards and Financial Aid and now reported to the Chief Academic Officer for Student Affairs through a Director, Student Affairs. This occurred after a review of student services in late 1969.

A re-organization also occurred in 1973 when the Student Affairs Office, of which the Chief Officer, Student Awards and Financial Aid was a part, was renamed the Division of Student Personnel Services and was now led by a Director of Student Personnel Services reporting to the President.

In 1981, the title of the Chief Officer, Student Awards and Financial Aid was changed to Director, Student Awards and Financial Aid. In addition, because the position of Director of Student Personnel Services had been discontinued in that year, the Director, Student Awards and Financial Aid now reported to the Associate Vice-President (Academic) and Chief Academic Officer, Student Affairs who was now responsible for the general administration of student services. This reporting relationship continued until 1988 or 1989 when the Director, Student Awards and Financial Aid began reporting to the newly-created Associate Vice-President (Student Affairs) which had assumed responsibility for matters related to student affairs. In addition to other duties, the Director served as the Executive Secretary of the Academic Awards Committee of the General Faculties Council.

As of 2015, Student Awards and Student Financial Aid had become part of Student and Enrolment Services reporting to the Vice-Provost (Student Experience).