You may be placed on financial hold if you have fees that haven’t been paid by the payment due dates. You are able to find out more about overdue student accounts regarding the Academic Calendar and Policy 67.

To learn more about belated re re payment of charges at UBC Okanagan.

Financial hold overview

Students might be positioned on economic hold as a consequence of outstanding charges, including tuition and pupil charges, parking and collection fines, and scholar Housing & Hospitality Services charges. The monetary hold will be eliminated if the outstanding balance, including charges, is compensated in complete.

What goes on whenever you’re on economic hold

Registration is likely to be obstructed (You will always be in a position to drop/withdraw from courses prior to the course alter times.)

A $35.00 processing cost will be examined

Interest may be examined towards the end each and every thirty days

Ordering transcripts and diplomas will soon be unavailable

UBC scholar Housing & Hospitality solutions may refuse admission to residences, may withdraw residence and privileges that are dining and will demand a resident to vacate the premises.

Parking and Access Control may withdraw parking privileges and tow automobiles.

The Library may withdraw borrowing privileges and access that is electronic.

Records due that is severely past be delivered to a collections agency

Exactly just just What enrollment tasks will undoubtedly be obstructed

Below is a listing of registration tasks disabled while on economic hold.

New program enrollment

Registering in course waitlists

Switching program parts

Viewing your grades summary

Ordering transcripts

Items that don’t happen when you’re on economic hold

You will maybe maybe maybe not immediately be dropped from your own classes

Your teachers will never be notified

An Enrolment Services Advisor to discuss your options if you’re facing unexpected financial distress or have had a significant change to your financial situation, contact.

If you are on monetary hold

The economic hold will be eliminated once the outstanding balance, including charges, is compensated in complete. Make an attempt to pay for as quickly as possible in order to avoid being charged interest that is further.

Please understand that the hold that is financial simply be eliminated after the payment happens to be processed by UBC. re Payment processing times differ based on the method that you paid.

Interest penalty

Interest shall be charged for a price of prime plus 6% per year. Interest is charged on all outstanding quantities which are overdue and it is determined toward the termination of every month. Other things in this part notwithstanding, any quantities charged as charges when it comes to payment that is late of and records (like the Interest Penalty plus the processing cost) will maybe not surpass 60% per year.

How exactly to determine interest charged

To get the interest charged towards the end of each thirty days stick to the instructions below.

Get the rate of prime

Include 6% towards the price of prime to obtain your interest each year

Divide your interest per year by year

This is payday loans in Montana the interest charged on all outstanding quantities past due

Resources

Use the us government of Canada on the web device to obtain the savings particular to your circumstances because of COVID-19.

Make an application for this one-time, needs-based bursary that will offer the expenses of necessary gear for the online learning.

Loans, prizes, and work are typical options that are helpful. UBC’s money and tools are right here to simply help.

UBC provides monetary help through scholarships, bursaries, as well as other support programs.

Proactive planning that is financial the important thing to pupils success. Connect to an ES Advisor to talk about your economic plan.

Touch base for instant assistance yourself or others if you or someone else is in danger, or at risk of harming.

Submit an application for this one-time, needs-based bursary that will offer the expenses of necessary gear for the online learning.

Find out more in regards to the impact of COVID-19 on awards, loans, and tuition.

Uk Columbia residents afflicted with COVID-19 have the ability to access government aids such as for example income tax relief and much more.

Call us

Enrolment Solutions Advisors

How exactly to speak to your consultant

Find your consultant’s contact information regarding the scholar Service Centre (SSC) under Personal Info > UBC connections