Financial Information

PAYMENT INSTALLMENTS

Students pay their fees online through the Student Service Centre (SSC). Students are responsible for keeping up with tuition deadlines and student fees until the completion of their program. UBC tuition deadlines by term will be updated on this page.

Estimated Living Expenses during 12-Month Program
An estimate of tuition, fees, and living expenses has been compiled on the UBC Sauder website for the MBAN. You can view these here: MBAN Tuition Fee Breakdown

Your tuition will be divided into three 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 listed fee rates are for reference only. The tuition for the current year can be found here. Please note that tuition fees are reviewed annually by the Board of Governors. In recent years, tuition increases have been 2% for continuing domestic students and between 2% and 5% for continuing international students.

Dates	Domestic Students	International Students
September	$13,985 + student fees	$20,082.55+ student fees
January	$13,985 + student fees	$20,082.55+ student fees
May	$13,985 + student fees	$20,082.55+ student fees

In the Summer term, you will see a charge for the following Winter Term but this fee will not need to be paid. The fee will be removed once your program completion letter has been released at the end of the Summer term.

The $5,000 CAD MBAN Program deposit that you paid to accept your offer of admission to the UBC MBAN will be credited toward your first tuition installment. This amount will be transferred to your tuition account in mid to late November. 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 2022. Exact dates will be published on the UBC Student Service Centre (SSC) in July 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.

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Student Levied Fees

In addition to your tuition fees, there will also be student-levied fees 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 SSC prior to each month that tuition is due.

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.

*NOTE:  All students are responsible for keeping up-to-date in paying tuition and student fees until the completion of their program. Students who have not paid their fees will be placed on financial hold; further registration will not be permitted and grades will not be released. Students on financial hold will also be charged a processing fee by UBC and interest will be assessed on the outstanding balance until it is paid in full.

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OBTAINING A REFUND

In order to obtain their refund from withdrawal, students must make a request from  UBC Enrolment Services to have it processed upon withdrawal from the program.

 

Scholarships

If you were awarded a scholarship you would have been notified in your letter of acceptance into the program.

Most scholarship money will be automatically credited to your account on the Student Service Centre soon after the due date. The system knows of any pending awards and you will not be penalized if your fees have not been paid by the due date. If your award amount is less than the total amount owed, you must pay the difference by the fee deadline to avoid late charges.

Students are encouraged to check their financial record on the Student Service Centre (SSC) for confirmation of scholarship 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

MacKenzie King Memorial Scholarship

The Open Scholarship is available to graduates of Canadian universities who pursue graduate study in any discipline, in Canada or elsewhere. One Open Scholarship is awarded each year.

The Traveling Scholarship is available to graduates of Canadian universities who pursue graduate study in the United States or the United Kingdom in the areas of international relations or industrial relations (including the international or industrial relations aspects of law, history, politics and economics).

Information and application criteria

Bursaries

If you find yourself in financial distress and unable to meet tuition/living costs during the program, UBC Enrolment Services has a bursary program in place for students with Canadian citizenship, permanent resident status, or refugee status.

Eligibility for bursaries will not guarantee that the full amount of unmet need is covered. Funding awarded will depend on the demands of the UBC Bursary Program for the study period to which you have applied, available funding from departments and faculties, and eligibility of programs for consideration.

The deposit you paid to accept your offer to the program will be credited toward your first tuition installment (September 2022). This amount will be transferred to your tuition account mid- to late-August.

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 & Community 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.

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. You should file a tax return even if you did not work.

Resources:

• Canada Revenue Agency
• Tax information for International Students
• International Tax Services Office

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

• Tax receipts are made available to students by UBC in early February.
• Students can access their tax receipts. T2202A-tuition, T4A-if you worked for UBC on the Student Service Centre (SSC).

Additional information on your T2202A receipts can be found on the SSC homepage under FAQs/Finances.

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 Enrolment Services. Some of the most common services are:

• Explaining tuition and student fees and advising on best methods of payment
• Financial assistance planning, specifically on student loans and the UBC Bursary
• Setting up a budget and exploring additional resources as needed (private loans, emergency funding).
• Workshops with respect to successful budgeting
• Advising on student records and documentation
• Referrals to other resources on campus

Graduate students are welcome to contact any member of the Enrolment Services team. The best ways to get in contact are:

• By phoneat 604 822 9836 or toll-free at 1 877 272 1422
• By emailusing the Ask Me form
• Reserve a time with an ESP in the virtual line
• In personat Brock Hall or Irving K Barber

You will be able to see a breakdown of your tuition and student fees on the Student Service Centre (SSC) once you are registered in courses in mid-June.  Once you are registered, you can log in and click on the Student tab, then Financial, then SFM Account.

FINANCIAL DISTRESS

If you're facing financial distress and/or have had a significant change to your financial situation, please speak with Amanda Birkenstock, Manager, Master of Management or contact an Enrolment Services Advisor (ESA).