Financial Information

If you are in financial distress due to COVID-19 related impact, please reach out to Enrollment Services Advisors Cheryl Celenk cheryl.celenk@ubc.ca or Willie Moss willie.moss@ubc.ca. They may be able to help you defer tuition installment payments or lift late fees/interest payments.

Additional information:

• At this time, there have been no changes to the due dates or payment schedules for upcoming tuition and fees.
• 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.

Other Resources:

• The Provincial Government is offering $500 in rent support for qualifying applicants offered through BC Housing
• Vancouver Rent Bank
• Province of BC Financial Hardship Assistance Fund
• Student loans
• A student line of credit from a financial institution
• Sponsorship
• EI and other federal government supports being rolled out

Financial matters, including tuition and student fees, are handled through UBC Enrolment Services. They are a team of dedicated advisors that can assist graduate students with maintaining their financial wellbeing over the course of their academic journey.

Some of the most common services provided to graduate students at UBC are:

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

Graduate students do not have an assigned Enrolment Services Advisor, but they are welcome to contact any member of the UBC 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
Reserve a time with an ESP in the virtual line.
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

Please note that UBC Enrolment Services Advisors generally respond within 3-5 business days and may take longer during peak season at the start of each term.

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

Your tuition will be divided into four equal installments which are due on the timeline below. The exact amount of tuition and student-levied fees as well as payment deadline will appear on the UBC Student Service Centre (SSC) prior to each month that tuition is due.

The $2,500 CAD MBA Program deposit that you paid to accept your offer of admission to the UBC MBA will be credited toward your first tuition installment (September 2019). This amount will be transferred to your tuition account in 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).

Please visit the main UBC student services web site to learn about available tuition payment options and instructions.

The first tuition installment deadline will be in the first week of classes in September 2019. Exact dates will be published on the UBC Student Service Centre (SSC) in late July / early August so please ensure you log on 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.

You can view UBC's policy on fees for full details.

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 once the outstanding balance, including all penalties, is paid in full.

Award Payments:

Please note: Entrance Scholarships will not appear on the UBC 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 to you by cheque or direct deposit. Once tuition installments for the upcoming term have been published, an e-mail will be sent to you directing you to your account on the SSC. Once logged in, you can select the offered award and follow the online instructions to accept the award. Only after the award has been accepted will the award pay out to the student.

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 (i.e: they will not require an application).
If an award does require an application, all students will be notified by the Robert H. Lee Graduate School. Application information will be shared via the announcements on this program site.

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

Banking: Please visit the main UBC student services web site to learn about how to set up and access Canadian banking services.
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 Advisor in-person or by phone: + 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 which 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

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 for the preceding year (T2202A-tuition, T4A-awards / bursaries, and Transit Tax Credit-U-Pass) on the Student Service Centre (SSC) in late February.
• Additional information on your T2202A receipts can be found on the SSC homepage under FAQ's/Finances