Financial Information

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.

Please visit  UBC Tuition Payment Webpage to learn about available tuition payment options and instructions. Tuition at UBC can only be paid through the options listed on this page. UBC does not accept wire transfer for tuition payments.  Any payments made to UBC through wire transfer (with the exception of the $5,000 Program Deposit at the time of admission) will be returned to the sender, which may result in delays and losses on conversion rates for the student.

Estimated Living Expenses during 16-Month 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 listed fee rates are  for reference only. 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	$12,854.25 + student fees	$22,514.25 + student fees
January	$12,854.25 + student fees	$22,514.25 + student fees
May	$12,854.25 + student fees	$22,514.25 + student fees
September	$12,854.25 + student fees	$22,514.25 + student fees

The $5,000 CAD MBA Program deposit that you paid to accept your offer of admission to the UBC MBA will be credited toward your first tuition instalment. 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). UBC does not accept wire transfer for tuition payments.

The first tuition installment deadline will be in the first week of classes in September 2023. 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.

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.

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

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 2023). This amount will be transferred to your tuition account mid- to late-August.

Please visit UBC Tuition Payment Webpage to learn about available tuition payment options and instructions. Tuition at UBC can only be paid through the options listed on this page. UBC does not accept wire transfer for tuition payments.  Any payments made to UBC through wire transfer (with the exception of the $5,000 Program Deposit at the time of admission) will be returned to the sender, which may result in delays and losses on conversion rates for the student.

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 activitywill be allowed.
• No transcripts or diploma will be issued.
• UBC Student Housing & Hospitality Servicesmay refuse admission to residences, may withdraw residence and dining privileges, and require a resident to vacate the premises.
• Parking and Access Controlmay 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.

 UBC Tax Assistance Clinics for Students

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. Appointments can be made beginning in late-February of each year.

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:

• Explainingtuition and student fees and advising on best methods of payment
• Financial assistance planning, specifically on student loansand the UBC Bursary
• Setting up a budget and exploring additional resourcesas needed (private loans, emergency funding).
• Workshops with respect to successful budgeting
• Advising on student records and documentation
• Referralsto 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
• In personat Brock Hall or Irving K Barber
• By emailusing the Ask Me form

Reserve a time with an ESP in the virtual line