Tuition, Fees & Expenses

Most financial matters, including tuition and student fees are handled through Enrolment Services at central UBC. They are a team of dedicated advisors that can assist graduate students. Some of the most common services provided to graduate students at UBC are:

• Helping them understand tuition and student fees and advising on best methods of payment depending on their situation.
• Providing financial assistance planning, specifically on student loans and the UBC Bursary.
• Assisting with setting up a budget and exploring additional resources as needed (private loans, emergency funding).
• Offering financial related workshops with respect to budgeting for their time at UBC as well as program completion.
• Advising on student records and documentation.
• Completing referrals to other resources on campus.

Graduate students do not have assigned Enrolment Service Professionals, but they are welcome to contact any member of the Enrolment Services team as they are all trained to assist and advise graduate students. The best ways for students to contact are:

Office Hours:
Vary from Monday-Friday - please refer to the webpage for up-to-date hours

In-Person:
They are located on the main floor of Brock Hall and also in the Irving K. Barber Learning Centre

Phone/Email:
Phone: + 1 604 822 9836 / Email: via the AskMe form

Online:
Reserve a time with an ESP in the virtual line.

Your tuition will be divided into four equal installments which are due on the timeline below.

You can view a breakdown of your tuition and student fees on the SSC - once you're logged in just click on the Student tab, then Financial, then SFM Account.

The first tuition installment deadline will be in the first week of classes in September 2018. Exact dates will be published on the Student Service Centre in August so please ensure you logon to UBC SSC to check your payment deadline.

In addition to your tuition, there will also be student-levied fees charged by UBC for each installment. Student fees go towards covering the goods and services you receive from the UBC Alma Mater Society (AMS), including Extended Healthcare, your UPass (transit pass), access to the UBC Pool etc.The exact amount of tuition and student-levied fees as well as payment deadline will appear on the Student Service Centre prior to each month that tuition is due.

Students who do not pay their fees will be placed on financial hold; further registration activity will not be permitted and grades will not be released. Students will also be charged a processing fee and interest will be assessed on the outstanding balance until it is paid in full. You can view UBC's policy on fees for full details.

The $5,000 CAD deposit you paid to accept the offer to the UBC MBA will be credited toward your first tuition installment (September 2018). This amount will be transferred to your tuition account mid to late August.

From this point forward, all of your tuition payments will be done through the Student Service Centre (not the web site where you paid your initial deposit).

For information on the ways in which you can make a tuition payment, please visit the UBC tuition web site to learn about allowable Methods of Payment.

Estimated Living Expenses during 16-Month FT MBA Program:

An estimate of tuition, fees, and living expenses has been compiled on the UBC Sauder website for the FT MBA.

You can view these here: FT MBA Tuition Fee Breakdown

A student may be placed on financial hold as a result of outstanding indebtedness to the University, including tuition and student fees, parking and library fines, and Student Housing & Hospitality Services fees. Please note the following:

• A processing fee of $35.00 will apply (in addition to the Interest Penalty).
• No subsequent registration activity will be allowed.
• No transcripts or diploma will be issued.
• UBC Student Housing & Hospitality Services may refuse admission to residences, may withdraw residence and dining privileges, and require a resident to vacate the premises.
• Parking and Access Control may withdraw parking privileges and tow vehicles.
• The Library may withdraw borrowing privileges and electronic access.

The financial hold will be removed when the outstanding balance, including all penalties, is paid in full.

In Canada, income tax is administered by the Canada Revenue Agency (CRA). The Canadian income tax year is from January 1 to December 31. If you owe income tax, you have to pay it by April 30 for the preceding calendar year.

• For more detailed information on income tax, visit Canada Revenue Agency
• Tax information for International Students
• International Tax Services Office at 1.800.267.5177

Tuition Tax Receipts (T2202A, T4A, and Transit Tax Credit):

• Students can access their tax receipts (T2202A-tuition, T4A-if you worked for UBC, and Transit Tax Credit-U-Pass) on the Student Service Centre (SSC)
• Tax receipts are made available on the SSC in early February
• Additional information on your T2202A receipts can be found on the SSC homepage under FAQ's/Finances

Award Payments:

Please note: Entrance Scholarships will not appear on the Student Service Centre (SSC) until mid to late August.

If you were awarded an Entrance Scholarship you would have been notified in your letter of acceptance to the MBA program. All awards and/or scholarships will be paid toward your tuition and any residual amount will then be issued by cheque or direct deposit. Students are encouraged to check their financial record on the Student Service Centre for confirmation of award installment amounts and dates. Normally, awards are paid out using the following payment schedule:

• Under $1,000 - paid out entirely in one term
• $1,000 - $5,999 - divided equally and paid out in two terms
• over $6,000 - paid out over the three terms of the year (34% in September, 33% January, and 33% in May)

Awards & Scholarships:

Besides Entrance Scholarships, there will be a number of awards & scholarships available throughout your MBA program. All Full-time MBA students will automatically be considered for the majority of these awards & scholarships (ie: they will not require application).

If an award does require application, all students will be notified by the Robert H. Lee Graduate School. These opportunities with application information will be posted via the announcements on the class program site.

If you are a recipient of an award during the program, you may set up direct deposit or pickup the cheque in Brock Hall.

Banking: Please see the main UBC webpage for information on banking.

Loans: Government student loan information for Canadian & US students. US Students, please be aware that if you take any distance education or online course as part of your program, it may make you ineligible for a US Student Loan. More details here.

Bank loans and government student loans are not usually available to International students. Some finance companies may lend to international students, but be aware that these companies charge a high interest rate and usually ask for some form of security before granting a loan. To discuss your options please contact an Enrolment Services Professional by phone or in-person: + 1 604 822 9836 or email via the AskMe Form.

Bursaries: UBC Sauder may have a limited amount of bursaries available for your class. To be considered for UBC Sauder bursary support, you must meet these criteria:

1. Be a Full-time UBC MBA student
2. Be a Canadian citizen, permanent resident or have refugee status
3. Apply for the UBC Bursary program by the Sept 15th deadline (opens Aug 15th online via the SSC)
4. Be receiving full-time Canadian government student loans in the same session you are applying for bursary support
5. Have your enrolment confirmed for your Canadian government student loans by the bursary deadline
6. Have an assessed unmet financial need using the provincial need assessment calculation based on StudentAid BC policies regarding income and assets

Any financial inquiries related to student loans and funding can be directed to an Enrolment Services Professional, by phone or in-person: + 1 604 822 9836 or email via the AskMe Form. Please note that Enrolment Services generally respond within 3-5 business days and may take longer during peak season.