![]() ![]() Interest is charged on all outstanding amounts that are past due and is calculated toward the end of each month and will not exceed 60% per annum. Interest will be charged at a rate of prime plus six percent per annum. The financial hold will only be removed once the payment has been processed by UBC. You should try to pay as soon as possible to avoid being charged further interest. The financial hold will be removed when the outstanding balance, including penalties, is paid in full. You will not automatically be dropped from your classes.Things that don’t happen when you’re on financial hold Student Services Fee (effective July 1, 2022) The Student Services Fee is used to help offset university expenses for classroom and online technology, labs, facilities, curriculum enhancements, parking technology, academic services, and other student services. What registration activities will be blocked Accounts severely past due can be sent to a collection agency.The Library may withdraw borrowing privileges and electronic access.Parking may withdraw parking privileges and tow vehicles.(Note: We recommend the Tuition Fee Lookup page. For the full list of current fees and details, visit the U of T Planning and Budget website. UBC Student Housing & Hospitality Services may refuse admission to residences, may withdraw residence and dining privileges, and may require a resident to vacate the premises Finances Tuition & Fees Tuition & Fees Your tuition covers your class fees, but you must also remember to budget for expenses such as books, living expenses and additional fees specific to your program.Ordering transcripts and diplomas will be unavailable.Interest will be assessed at the end of every month.A $35.00 processing fee will be assessed.What happens when you’re on financial hold? Financial hold overviewĪ student may be placed on financial hold as a result of outstanding fees, including tuition and student fees, parking and library fees, and Student Housing & Hospitality Service fees. Otherwise, students may be placed on financial hold, charged a processing fee and charged an interest penalty. Your fees must be paid in full by the payment due dates. ![]()
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