Finances

Enrolment Services Advisors and Associate Enrolment Services Advisors (ES Advisors) will still be your contacts as a graduate student and can assist 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 phone at 604 822 9836 or toll-free at 1 877 272 1422
• By email using the Ask Me form

You can see a breakdown of your tuition and student fees on the Student Service Centre (SSC) - once you're logged in just 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 Rebekah Chotem, Manager, Master of Management or contact an Enrolment Services Advisor (ESA).

tuition fees

The remaining 70% of your MM tuition will be divided into two equal installments which are due by no later than:

• June 7, 2022 (please note that the May deadline listed on SSC will be extended to June)
• September 8, 2022

Students pay their fees online through the Student Service Centre (SSC). Visit the UBC tuition web site to learn about allowable methods of payment.

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student levied fees

Similar to your undergrad, 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 be on the SSC prior to each month that tuition is due.

• • UBC Student Fees website

• • Compass Card Fees: With the ongoing pandemic, some changes have been made and continue to be made to the UBC Compass Card. Please check the UBC Compass Card web site for details on obtaining, opting out or applying for a financial hardship subsidy.

MM specific student levied fees

There are two specific fees for the MM program that will be due in their entirety with the first MM tuition installment in May:

1. 1. MM Society fee: This amount goes directly to your elected MM Society Executive and will help toward events and activities for your cohort.
   2. Sauder Building fee: All Sauder students pay the UBC Sauder School of Business Building Fee. This is a student levied fee passed through student referendum to help finance the new building.

To view a breakdown of tuition and student levied fees, check the itemized list attached to each installment on the SSC.

*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.

If you were awarded an Entrance Scholarship at the time of admission to the B+MM Dual Degree program, you would have been notified by Sauder Admissions at that time.

All awards and/or scholarships will be paid toward your tuition and any residual amount will then be issued to you. Students are encouraged to check their financial record on the Student Service Centre (SSC) 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 - and above: divided equally and paid out in two terms

NOTE: Entrance Scholarships will not appear on the SSC until closer to the start of the program. If you were awarded an entrance scholarship and do not see it on you SSC account, please reach out to our office.

Students are eligible to apply for government student loan funding for the MM program through StudentAid BC.

These loans will not be enough to cover the full cost of tuition for the program and it's common for students to look for additional sources of funding such as a student line of credit. You are strongly encouraged to have financing in place for the full amount of MM tuition and student-levied fees prior to the June program start. Tuition will be due in two equal installments in May and September.

Please connect with your Enrolment Services Advisor (ESA) to discuss options available to you.

loan applications

The MM program spans two Academic Years (AY):

• May – August (2022 AY)
• September – December (2022/2023 AY)

Because of this, students in the MM will likely need to submit two loan applications:

• One (ideally) by March 15 for June – August
• One by July 15 for September – December

NOTE: Loans generally can take 4-6 weeks to be processed so students would need to apply by April 15 at the latest to get notice of their loan funding in time for June.

Students require eligibility for the MM on the system for 2022 Summer session before submitting a loan application.  Eligibility for the MM should be on the system by the end of February but it is suggested that students start compiling their application for Summer session funding now so it is ready to submit as soon as possible.

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.

resources:

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

tuition tax receipts

• 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, and Transit Tax Credit-U-Pass) on the Student Service Centre (SSC).
• Additional information on your T2202A receipts can be found on the SSC homepage under FAQs/Finances.