What you need to know about registration deposit deferrals

What you need to know about registration deposit deferrals

Most students are required to pay a non-refundable deposit in the Student Service Centre when they accept their offer of admission to UBC. The acceptance deposit counts as your first registration deposit, and is applied to your tuition fees after you register for classes.

There are some exceptions, though. If you’re receiving a major award or sponsorship funding – from UBC or a third party – and that funding is delayed, your registration deposit may be deferred until the rest of your tuition fees are due. If you’ve self-identified as an Aboriginal person of Canada, your registration deposit will be automatically deferred in an effort to support students who are being funded by third parties, including their band or Nation.

Can I apply to have my registration deposit deferred?

There’s no need to apply. If you’re eligible, your registration deposit will be automatically deferred.

How will I know if my deposit has been deferred?

If UBC has deferred your registration deposit it will be noted in one of two places:

  • at the bottom of your letter of admission; or
  • in an email from the Enrolment Services team, which explains why you’ve been granted a deferral and what to expect when you log in to the Student Service Centre.

Don’t worry if you are still prompted to pay a deposit on your registration screen. If you have confirmation that your registration deposit has been deferred, you can safely ignore this default warning.

Who can help me with financial planning?

If you have financial concerns or you’re facing financial challenges, please contact an advisor on the Okanagan campus or your Enrolment Services Advisor on the Vancouver campus. We can help you plan how to finance your studies at UBC.

Planning your finances

Planning your finances

If you don’t have a financial plan for your first year of university, now is a good time to start thinking about money management. There are a lot of factors to consider, and you might be surprised at just how quickly your expenses add up.

Costs to consider

As a university student, you’ll be responsible for paying tuition and student fees. If you’re applying for on-campus housing, you’ll also need to include residence fees in your budget and factor in a meal plan on the Okanagan or Vancouver campus. If you plan to live off campus in the Okanagan or Vancouver, you’ll want to set aside money for rent, utilities, and groceries. And don’t forget to budget for clothing, entertainment, and your monthly cell phone bill!

Need help?

Use UBC’s online cost calculator and budget-planning worksheet to get a better sense of your financial situation.

If you still have questions, you can always contact Student Services on the Okanagan campus or your Enrolment Services Advisor on the Vancouver campus. They’ll be more than happy to sit down and help you create a realistic budget for the year.

Financial planning and student loans

Financial planning and student loans

University is an investment – there’s no doubt about it. The cost of tuition, books, residence fees or rent, food, monthly bills, clothing, and entertainment can add up quickly, so having a plan for financing your education is essential. Student loans and bursaries are two options you may want to consider.

Student loans

If you’re a Canadian citizen or permanent resident of Canada, you may be eligible for a student loan. Student loans offer two big advantages. First, the government will pay the interest on your loan as long as you’re a full-time student. Second, you’re not required to begin repaying your loan until six months after you graduate (or you cease to become a full-time student). If you’re a BC student, apply for a loan online through StudentAidBC. If you’re coming from another province or territory, apply through your provincial or territorial lender.

If you’re a US citizen, you’re eligible to apply for a direct loan (direct subsidized and/or direct unsubsidized loan). It can take a while for loan applications to be processed, so we recommend applying at least six weeks before the term starts to ensure funding is available in time.

Bursaries

If you’re a Canadian citizen, permanent resident of Canada, or refugee, and you have unmet financial need even after applying for a student loan, you may be eligible for a UBC bursary. If you’re interested in a bursary, we recommend submitting a student loan application by July 15 to ensure that your student loan is confirmed by the bursary application deadline of September 15.

Questions?

If you have questions about financial planning or financial aid opportunities, UBC can help.

Okanagan campus

Contact Student Services and Financial Support at sis.ubco@ubc.ca or +1.250.807.9100

Vancouver campus

Contact your Enrolment Services Advisor