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In April 1993, the New Democratic government of Ontario announced the withdrawal of public funding from the school, leading to a dramatic rise in tuition costs, and prompting the mobilization of all its constituencies to make up the loss.

In 2004, UTS became an ancillary unit of the University of Toronto separate from the Ontario Institute for Studies in Education.

Ultimately, 96 candidates (48 boys and 48 girls) are chosen from around 350 applicants in the first-stage process each year; the typical cutoff for SSAT scores for Grade 7 entrance is in the mid to high 1900s for boys, and low 1900s for girls, depending on the applicant pool for that year.

For upper-year entrance the process is slightly different.

The University of Toronto informed UTS in 2011 that it was rejecting its proposal for a million refurbishment of its facilities and that the university intends to reclaim the property at 371 Bloor Street West for its own use.

UTS had been given until 2021 to find and move to new space.

Under pressure from the provincial government and the University of Toronto, a decision was made to admit girls into the school.

Two proposals were tabled: the first involved expanding the school by maintaining the same number of incoming boys, and the second involved maintaining the class size by reducing the number of incoming boys.

Addresses in 19 targeted the tendency for matriculations to reduce "a tangible desire for knowledge", producing instead "a mind that cannot think for itself". At the turn of the decade, UTS developed a "New Program", which focused on completing subjects ("units") for graduation instead of matriculations.The school formed its own board of directors representing alumni, parents and the university administration.Throughout the 2009–2010 school year, the school celebrated its centennial year with the Kickoff celebration at Varsity Stadium and the Homecoming weekend to be held in the school itself.University of Toronto Schools (UTS) is an independent secondary day school affiliated with the University of Toronto in Toronto, Ontario, Canada.The school follows a specialized academic curriculum, and admission is determined by competitive examination. The school won the first ever Memorial Cup in 1919, as the best junior ice hockey team in the country.

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