{"id":20,"date":"2013-10-30T13:07:45","date_gmt":"2013-10-30T20:07:45","guid":{"rendered":"https:\/\/blogs.ubc.ca\/mymbaprogram2016\/?page_id=20"},"modified":"2020-04-03T11:17:11","modified_gmt":"2020-04-03T18:17:11","slug":"financials","status":"publish","type":"page","link":"https:\/\/blogs.ubc.ca\/2020mbanprogram\/financials\/","title":{"rendered":"Financial Information"},"content":{"rendered":"<p>MBAN tuition is assessed as an annual program fee. Tuition is divided into three equal installments due at the beginning of each academic term in September, January &amp; May.<\/p>\n<p>Students pay their fees online through the <a href=\"http:\/\/ssc.adm.ubc.ca\/sscportal\/servlets\/SRVSSCFramework\" target=\"_blank\" rel=\"noopener noreferrer\">Student Service Centre (SSC)<\/a>. Students are responsible for keeping up with tuition deadlines and student fees until the completion of their program.<\/p>\n<div id=\"random-accordion-id-806\" class=\"accordion-shortcode  \">\n<h3 ><a href=\"#covid-19-support-0\" >COVID-19 Support<\/a><\/h3><div id=\"covid-19-support-0\" class=\"accordian-shortcode-content \" ><\/p>\n<p>If you are in financial distress due to COVID-19 related impact, please reach out to Enrolment Services Advisors Cheryl Celenk <a href=\"mailto:cheryl.celenk@ubc.ca\" target=\"_blank\" rel=\"noopener noreferrer\">cheryl.celenk@ubc.ca<\/a> or Willie Moss <a href=\"mailto:willie.moss@ubc.ca\" target=\"_blank\" rel=\"noopener noreferrer\">willie.moss@ubc.ca<\/a>. They may be able to help you defer tuition installment payments or lift late fees\/interest payments.<\/p>\n<p><strong>Additional information:<\/strong><\/p>\n<ul>\n<li>At this time, there have been no changes to the due dates or payment schedules for upcoming tuition and fees.<\/li>\n<li>UBC Enrolment Services reached out to TransLink regarding U-pass fees for students but are still waiting to hear back and will update students when we have more information.<\/li>\n<\/ul>\n<p><strong>Other Resources:<\/strong><\/p>\n<ul>\n<li>The Provincial Government is offering $500 in rent support for qualifying applicants offered through BC Housing<\/li>\n<li><a href=\"http:\/\/www.niccss.ca\/VRB\" target=\"_blank\" rel=\"noopener noreferrer\">Vancouver Rent Bank<\/a><\/li>\n<li><a href=\"https:\/\/www2.gov.bc.ca\/gov\/content\/governments\/policies-for-government\/bcea-policy-and-procedure-manual\/hardship-assistance\/eligibility-for-hardship-assistance\" target=\"_blank\" rel=\"noopener noreferrer\">Province of BC Financial Hardship Assistance Fund<\/a><\/li>\n<li>Student loans<\/li>\n<li>A student line of credit from a financial institution<\/li>\n<li><a href=\"https:\/\/students.ubc.ca\/enrolment\/finances\/paying-tuition\/sponsorship-billing\" target=\"_blank\" rel=\"noopener noreferrer\">Sponsorship<\/a><\/li>\n<li>EI and other federal government supports being rolled out<\/li>\n<\/ul>\n<p>\n<\/div>\n<h3 ><a href=\"#mban-program-deposits-1\" >MBAN Program Deposits<\/a><\/h3><div id=\"mban-program-deposits-1\" class=\"accordian-shortcode-content \" ><\/p>\n<p>The $2,500 deposit you paid to accept your offer to the UBC MBAN program will be credited toward your first tuition installment (September 2019). This amount will be transferred to your tuition account mid- to late-August.<\/p>\n<p>\n<\/div>\n<h3 ><a href=\"#tuition-payments-fees-2\" >Tuition Payments &amp; Fees<\/a><\/h3><div id=\"tuition-payments-fees-2\" class=\"accordian-shortcode-content \" ><\/p>\n<p>The <strong>first tuition installment deadline is Wednesday, September 4, 2019<\/strong>. This is the last day for payment of the first installment of fees.<\/p>\n<p>Your MBAN tuition will be charged in three installments (early September, early January and early May). You can find domestic and international amounts on the <a href=\"http:\/\/www.calendar.ubc.ca\/vancouver\/index.cfm?tree=14,266,773,1450#18018\">UBC Calendar<\/a>.<\/p>\n<p>Please visit the UBC tuition web site to learn about allowable <a href=\"https:\/\/students.ubc.ca\/enrolment\/finances\/paying-tuition\" target=\"_blank\" rel=\"noopener noreferrer\">methods of payment<\/a>.<\/p>\n<p><em>NOTES<\/em><\/p>\n<ul>\n<li><em>All tuition payments must be done through the <a href=\"https:\/\/ssc.adm.ubc.ca\/sscportal\/servlets\/SRVSSCFramework\" target=\"_blank\" rel=\"noopener noreferrer\">Student Service Centre (SSC)<\/a>,\u00a0<span style=\"text-decoration: underline;\"><strong>not <\/strong>the website where you paid your initial deposit.<\/span><\/em><\/li>\n<li><em>Due to the\u00a0<a href=\"http:\/\/students.ubc.ca\/enrolment\/finances\/tuition\/payment\/credit-card-payments\" target=\"_blank\" rel=\"noopener noreferrer\">UBC policy<\/a>, only your initial tuition deposit may be made by credit card. Subsequent tuition payments <span style=\"text-decoration: underline;\"><strong>may not<\/strong>\u00a0be made by credit card.<\/span><\/em><\/li>\n<li><em>For detailed information regarding the student fees, please visit the <a href=\"http:\/\/www.calendar.ubc.ca\/vancouver\/index.cfm?tree=14,267,784,0\" target=\"_blank\" rel=\"noopener noreferrer\">UBC Calendar website<\/a>.<\/em><\/li>\n<\/ul>\n<h5>Student Levied Fees<\/h5>\n<p>In addition to your tuition fees, there will also be <a href=\"http:\/\/www.calendar.ubc.ca\/vancouver\/index.cfm?tree=14,267,784,0\" target=\"_blank\" rel=\"noopener noreferrer\">student-levied fees<\/a> charged by UBC included in each installment. The exact amount of tuition and student-levied fees as well as the payment deadline will appear on the <a href=\"https:\/\/ssc.adm.ubc.ca\/sscportal\/servlets\/SRVSSCFramework\" target=\"_blank\" rel=\"noopener noreferrer\">SSC<\/a> prior to each month that tuition is due.<\/p>\n<p>If you would like to view a breakdown of tuition and student levied fees, you can find an itemized list attached to each installment listed on the Student Service Centre.<\/p>\n<p>Students who have not paid 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.<\/p>\n<p>\n<\/div>\n<h3 ><a href=\"#award-payments-3\" >Award Payments<\/a><\/h3><div id=\"award-payments-3\" class=\"accordian-shortcode-content \" ><\/p>\n<p>If you were awarded an Entrance Scholarship you would have been notified in your letter of acceptance to the MBAN program. All awards and\/or scholarships will be paid toward tuition and any residual amount will then be issued to the student. Students are encouraged to check their financial record on the <a href=\"https:\/\/ssc.adm.ubc.ca\/sscportal\/servlets\/SRVSSCFramework\" target=\"_blank\" rel=\"noopener noreferrer\">Student Service Centre (SSC)<\/a> for confirmation of award installment amounts and dates. Normally, awards are paid out using the following payment schedule:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Under $1,000 - paid out entirely in one term<\/li>\n<li>$1,000 - $5,999 - divided equally and paid out in two terms<\/li>\n<li>over $6,000 - paid out over the three terms of the year (34% in September, 33% January, and 33% in May).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><em>NOTE:\u00a0Entrance Scholarships will not appear on the SSC\u00a0until mid- to late-August.<\/em><\/p>\n<p>\n<\/div>\n<h3 ><a href=\"#tax-information-for-students-4\" >Tax Information for Students<\/a><\/h3><div id=\"tax-information-for-students-4\" class=\"accordian-shortcode-content \" ><\/p>\n<p>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 must pay it by April 30 for the preceding calendar year.<\/p>\n<h5>Resources:<\/h5>\n<ul>\n<li><a href=\"http:\/\/www.cra-arc.gc.ca\/menu-eng.html\" target=\"_blank\" rel=\"noopener noreferrer\">Canada Revenue Agency<\/a><\/li>\n<li><a href=\"https:\/\/students.ubc.ca\/enrolment\/finances\/taxes\" target=\"_blank\" rel=\"noopener noreferrer\">Tax information for International Students <\/a><\/li>\n<li><a href=\"http:\/\/www.cra-arc.gc.ca\/cntct\/ntrntnlnqrs-eng.html\" target=\"_blank\" rel=\"noopener noreferrer\">International Tax Services Office<\/a><\/li>\n<\/ul>\n<hr \/>\n<h5>Tuition Tax Receipts (T2202A, T4A, and Transit Tax Credit)<\/h5>\n<ul>\n<li>Tax receipts are made available to students by UBC in early February.<\/li>\n<li>Students can access their tax receipts (T2202A-tuition, T4A-if you worked for UBC, and Transit Tax Credit-U-Pass) on the <a href=\"https:\/\/ssc.adm.ubc.ca\/sscportal\/servlets\/SRVSSCFramework\" target=\"_blank\" rel=\"noopener noreferrer\">Student Service Centre (SSC)<\/a>.<\/li>\n<li>Additional information on your T2202A receipts can be found on the <a href=\"https:\/\/ssc.adm.ubc.ca\/sscportal\/servlets\/SRVSSCFramework\" target=\"_blank\" rel=\"noopener noreferrer\">SSC<\/a> homepage under FAQs\/Finances.<\/li>\n<\/ul>\n<hr \/>\n<h5>\u00a0UBC Tax Assistance Clinics for Students<\/h5>\n<p>UBC Tax Assistance Clinic for Students is a student-run organization that assists students and low-income individuals prepare their tax returns from late-February to the end of March. <a href=\"http:\/\/www.ubctacs.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Appointments can be made beginning in late-February of each year.<\/a><\/p>\n<p>\n<\/div>\n<h3 ><a href=\"#need-help-5\" >Need Help?<\/a><\/h3><div id=\"need-help-5\" class=\"accordian-shortcode-content \" ><\/p>\n<p>Enrolment Services Advisors and Associate Enrolment Services Advisors (ES Advisors) are a team of dedicated advisors that can assist graduate students across all areas of <a href=\"https:\/\/students.ubc.ca\/enrolment\/finances\" target=\"_blank\" rel=\"noopener noreferrer\">Enrolment Services<\/a>. Some of the most common services are:<\/p>\n<ul>\n<li>Explaining<strong> tuition and student fees<\/strong> and advising on best methods of payment<\/li>\n<li>Financial assistance planning, specifically on <strong>student loans<\/strong> and the <strong>UBC Bursary<\/strong><\/li>\n<li>Setting up a budget and <strong>exploring additional resources<\/strong> as needed (private loans, emergency funding).<\/li>\n<li>Workshops with respect to successful\u00a0<strong>budgeting<\/strong><\/li>\n<li>Advising on <strong>student records <\/strong>and documentation<\/li>\n<li>R<strong>eferrals<\/strong> to other resources on campus<\/li>\n<\/ul>\n<p>Graduate students are welcome to contact any member of the Enrolment Services team. The best ways to get in contact are:<\/p>\n<ul>\n<li><strong>By phone<\/strong> at\u00a0604 822 9836 or toll-free at 1 877 272 1422<\/li>\n<li><strong>In person<\/strong> at <a href=\"https:\/\/students.ubc.ca\/about-student-services\/enrolment-services-professionals-esp#contact-us\">Brock Hall or Irving K Barber<\/a><\/li>\n<li><strong>By email<\/strong> using the <a href=\"https:\/\/www.askme.ubc.ca\/form\/index2.php\">Ask Me form<\/a><\/li>\n<li>Reserve a time with an ESP in the <a href=\"https:\/\/students.ubc.ca\/enrolment-services-virtual-line\">virtual line<\/a><\/li>\n<\/ul>\n<p>\n<\/div>\n<\/div><!-- #random-accordion-id-806end of accordion shortcode -->\n","protected":false},"excerpt":{"rendered":"<p>MBAN tuition is assessed as an annual program fee. Tuition is divided into three equal installments due at the beginning of each academic term in September, January &amp; May. Students pay their fees online through the Student Service Centre (SSC).<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/blogs.ubc.ca\/2020mbanprogram\/financials\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":857,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-20","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/blogs.ubc.ca\/2020mbanprogram\/wp-json\/wp\/v2\/pages\/20","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.ubc.ca\/2020mbanprogram\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blogs.ubc.ca\/2020mbanprogram\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/2020mbanprogram\/wp-json\/wp\/v2\/users\/857"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.ubc.ca\/2020mbanprogram\/wp-json\/wp\/v2\/comments?post=20"}],"version-history":[{"count":5,"href":"https:\/\/blogs.ubc.ca\/2020mbanprogram\/wp-json\/wp\/v2\/pages\/20\/revisions"}],"predecessor-version":[{"id":10055,"href":"https:\/\/blogs.ubc.ca\/2020mbanprogram\/wp-json\/wp\/v2\/pages\/20\/revisions\/10055"}],"wp:attachment":[{"href":"https:\/\/blogs.ubc.ca\/2020mbanprogram\/wp-json\/wp\/v2\/media?parent=20"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}