As part of the University of Saskatchewan (U of S) commitment to fiscal responsibility, the Board of Governors has approved a change in the options available for payment of tuition.
The following changes take effect September 1, 2010:
In an ongoing effort to manage the public funds entrusted to us as effectively as possible, we examined a variety of options to address the rising costs associated with accepting credit cards for tuition payments. In 2009-2010, about 40 per cent of tuition payments were made by credit card with costs to the U of S of approximately $900,000.
Most universities in Canada do not accept credit cards for tuition payments but, in consultation with the student unions, we chose to implement an administration fee rather than eliminate the option entirely.
In the past couple of years several universities, that previously accepted credit cards for tuition, including UBC, University of Calgary, University of Alberta, Concordia and Dalhousie, discontinued this payment method due to the high cost involved.
Universities that have never accepted credit cards for tuition include University of Toronto, McGill, McMaster, Queen's, Lethbridge and Victoria.
There are several other payment options including:
- online banking, which is available 24 hours a day, seven days a week,
- paying at your bank branch by using the payment stub on your statement,
- wire transfer of funds,
- by mail using cheques or money orders,
- in person* using cash, cheques, money orders or debit cards,
- with financial aid (Canada Student Loans, scholarships, third-party sponsorships), and
- instalment plan for graduate students.
*You cannot use a credit card to pay tuition in person. However, you can use a VISA or MasterCard cheque as these are considered cheques by the credit card companies.
A U of S administration fee is not charged to accept VISA and MasterCard cheques. However, students should be aware that credit card companies usually treat their cheques as cash advances and may charge you interest from the date used.
Fee payment deadlines will remain the same.
The administration fee is one per cent of the cost of tuition and fees.
An average undergraduate arts and science student carrying a full course load will pay about $50 ($25 per term).
An average graduate student will pay about $30 ($10 in each of the three terms).
The guiding principles for the University of Saskatchewan tuition strategy include accessibility, affordability, comparability to other institutions and ensuring an appropriately resourced university. The university keeps increases to a minimum by seeking efficiencies and uses tuition and fee revenue to fund specific enhancements in programs, student services and the student experience.
Students are advised to check with their financial institution before planning to pay tuition with a debit card.
Online banking payments normally do not have a daily limit which may make online banking an easier payment method to use.
If your bank or credit union doesn't show the University of Saskatchewan as a payee, please let us know by calling (306) 966-4595 or emailing email@example.com and we will gladly see that we become a payee with your financial institution.
International students who do not have a Canadian bank account may use wire transfers, money orders or bank certified cheques for payment of tuition. A new international wire transfer service will be implemented in the fall of 2010.
Yes. We took feedback from students via a survey in fall 2009 and consulted with both the University of Saskatchewan Students' Union (USSU) and the Graduate Students' Association (GSA).
Credit cards, including both VISA and MasterCard, will still be accepted without an administration fee at many other campus locations such as the bookstore, residence, veterinary clinics and for non-credit courses offered by the Centre for Continuing and Distance Education. Application fees and transcript fees can also be paid by credit card.