To ensure that deposits from international students to satisfy Immigration Canada's requirements are handled in a secure manner and are applied to the correct student account.
One of Immigration Canada's requirements to enter Canada on a study permit is to show evidence of financial support for tuition and living expenses for the first year of study in Canada. The financial support requirement is the cost of tuition for the first year ($6,000 - $10,000) plus living expenses (approximately $10,000). Students wanting to deposit money with the University of Saskatchewan to meet this requirement must follow the guidelines outlined below.
These guidelines apply only to students requiring a deposit for immigration purposes. Payments in subsequent years will only be accepted if there are amounts owing to the University and only for the amount owing.
|Student Accounts & Treasury||
There are two accepted methods for paying a deposit at the University:
In-person deposits made on behalf of an international student are subject to the same information requirements as outlined below. The person making the deposit is responsible for furnishing all of the required information. Deposits made by means of an international money order take up to three months to clear through the Canadian banking system. Refunds in excess of tuition owing will not be processed during this three-month period.
Complete and fax the Information Form for International Student Deposits to the Student Accounts office (306-966-8306).
If the Information Form is not received, a confirmation letter will not be issued and the wire may be returned to the sender. It is the responsibility of the student to ensure that this information is furnished to the University of Saskatchewan.
The student must arrange a wire transfer or in person deposit for the amount to be deposited.
The following information will be required by the bank arranging the transfer:
|Beneficiary Customer:||University of Saskatchewan|
|Bank Name:||ROYAL BANK OF CANADA|
154 - 1st Avenue South
|Payment Details||Tuition Deposit for (Student Name & Date of Birth)|
**Students should be aware that international wire transfers take 3 to 5 days to arrive
Once the funds and Information Form have been received, the University of Saskatchewan will issue a letter confirming to the embassy that the deposit has been received. Confirmation letters will not be issued until both the funds and the Information Form have been received.
Money received is held for the student pending the student's arrival in Saskatoon and registration in classes. Once the student is registered and has provided identification to Student Accounts, an amount approximately equal to one year's tuition is withheld and a refund is issued to the student for the remainder.
The amount withheld for tuition is applied to the student's account until it has been exhausted or the student's study permit expires and the student returns to their native country. At no time will the balance held for tuition fees be returned to the student while the student is still in Canada on a study permit. No interest will be paid on the deposit during the period in which the University of Saskatchewan has possession of the funds and no University service charge will applied.
If the student transfers to another educational institution in Canada, the funds held for tuition can be transferred to that institution. The student is required to provide the necessary information in addition to confirmation of registration at the other institution.
In the event that the student does not come to Canada, the money will be refunded to the source identified on the Information Form. In order to process a refund, the student will need to provide the following to the Student Accounts office:
If additional information is required regarding the above procedure, please contact:
University of Saskatchewan
E40 - 105 Administration Place
Saskatoon, SK S7N 5A2
|Information Form for International Student Deposits|