Ibrahim Gardner
Paying student fees at Simon Fraser University can be done through a variety of methods, including Flywire, internet banking, and in-person payments. SFU has partnered with Flywire to offer a tuition payment plan that allows students to pay in installments, with monthly interest charges. Students can also pay using internet banking, with payments from Canadian bank accounts taking around three business days to process, while international payments via Flywire can take up to five business days. In-person payments with a debit card are accepted at all three SFU campuses, with no delay in processing. Additionally, SFU offers payment options for specific scenarios, such as undergraduate admission deposits, which can be paid via credit card, and government student financial assistance, which is automatically deducted from enrollment confirmation.
| Characteristics | Values |
|---|---|
| Payment methods | Wire payments through Flywire, Internet banking, debit card, Visa and MasterCard credit cards |
| Payment plan | SFU has partnered with Flywire to allow students to pay tuition in installments. Students signed up for the payment plan will be charged a 2% monthly interest charge after the due date and on the first of each month thereafter. |
| Payment schedule | Payments made through Flywire will show in the student's SFU account in approximately five business days. Payments made through Internet banking will show in the student's SFU account in approximately three business days. |
| Non-refundable fees | Application fee, admission deposit |
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What You'll Learn
Payment methods for international students
Simon Fraser University (SFU) offers various payment methods for international students to pay their student fees.
Online Payment
International students can pay their fees online using their debit card through the My Account feature on the Housing Portal: MyPlace@SFU. A confirmation email will be sent to the email address provided during payment. However, it's important to note that a non-refundable 2.5% convenience fee will be applied to online credit card payments, processed by Flywire. It typically takes 3-5 business days for funds to be received into your account, so ensure you initiate your transaction with sufficient time before the deadline.
Flywire Payment Plan
SFU has partnered with Flywire to offer a tuition payment plan, allowing students to pay their tuition in installments. This plan permits students to enroll in the next term's courses even with an outstanding balance. The minimum account balance to sign up is $1,000, and the installments are due on May 1, June 1, July 1, and August 1. Payment plan balances will be charged a 2% monthly interest fee after the initial due date.
In-Person Payments
SFU accepts in-person payments at the front desk of its three campuses. They accept personal cheques, bank drafts, and credit/debit card payments. However, cash payments are not accepted at the Residence and Housing Office.
Internet Banking
International students can also set up internet banking with select banks or credit unions and add SFU as a bill payee. Ensure that you use your SFU or FIC student ID number as the account/invoice/billing number. Some banking institutions require a 10-digit number, so SFU students can add a zero before their student number if needed.
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Payment plans and interest charges
Simon Fraser University (SFU) has partnered with Flywire to offer a tuition payment plan option for students. This allows students to pay their tuition in instalments and enrol in the next term's courses even if their balance is outstanding.
Students on the payment plan will be charged a 2% monthly interest charge after the due date (23 May 2025) and on the first of each month thereafter. Only accounts that are paid in full are not charged interest. The minimum account balance to sign up for the payment plan is $1,000. Instalment dates are May 1*, June 1, July 1, and August 1. Payment must be reflected on the student's goSFU account each month before these dates to maintain good payment plan standing.
If a student drops a class or receives a bursary/scholarship, it will be considered a payment towards their next instalment. If they add courses, their payment plan will reflect a higher overall account balance, and the new balance will trigger the instalment amount to be recalculated.
Payments can be made in person with a debit card at any of SFU's three campuses, or via internet banking or Flywire. Payments from outside Canada via Flywire will show in the student's goSFU account in approximately five business days.
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Scholarships, bursaries, and loans
Simon Fraser University (SFU) offers a variety of scholarships, bursaries, and loans to help students pay their fees.
Scholarships
Scholarships are typically awarded based on academic merit, with some scholarships specifically recognizing outstanding academic achievement. SFU offers entrance scholarships for new first-time freshmen or traditional transfer students. These scholarships are not eligible for any other university-administered scholarship until they are fully paid out. Some entrance scholarships are specifically for Indigenous students. SFU also offers merit-based scholarships that depend on previous academic performance.
Bursaries
Bursaries are a form of financial aid that does not need to be repaid. Receiving a bursary will be considered a payment towards the next installment of your payment plan.
Loans
SFU has partnered with Flywire to offer a tuition payment plan that allows students to pay their tuition in installments. This plan includes a 2% monthly interest charge, and students must maintain good payment plan standing by ensuring payments are reflected on their goSFU account each month. Students can also apply for government student loans, such as StudentAid BC, OSAP, or U.S. Direct Loan funding.
Additionally, SFU's Office of Military Affairs provides information on potential benefits for ROTC students, military personnel, and veterans, including ROTC scholarships and the Yellow Ribbon program.
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In-person payment options
Simon Fraser University has a few options for in-person payments. Students can pay in person with a debit card at any of the three SFU campuses. This method does not cause any delay in payments. Additionally, Canadian bank debit cards are accepted in person at the Registrar and Information Services counters at all three campuses.
SFU has partnered with Flywire to create a tuition payment plan option for students. This allows students to pay their tuition in installments and permits them to enroll in the next term's courses while a balance is still outstanding. Students can make payments early through Flywire, and the payment will show in their SFU student account in approximately five business days.
Visa and Mastercard credit cards are also accepted for some fees, such as the undergraduate admission deposit. Graduate students can pay by credit card through their graduate student online application system.
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Non-refundable fees
Simon Fraser University (SFU) offers a range of payment methods for students to pay their fees. It is important to note that non-refundable fees may be incurred depending on the payment method chosen. Here is some detailed information about non-refundable fees at SFU:
When paying student fees at SFU, certain charges are non-refundable. These non-refundable fees are typically associated with specific payment methods and services. Here are some key points to note about non-refundable fees at SFU:
- Debit Card Payments: A non-refundable 1.5% convenience fee is applied to debit card payments. This fee is charged by Flywire, the payment processor, and is not retained by SFU. This fee will not appear in your Housing Portal account records but will be reflected in the payment confirmation email sent by Flywire.
- Application Fee: The application fee is non-refundable. This fee is typically paid by debit card directly to SFU Residence and Housing.
- Confirmation Payment: The confirmation payment, also known as the confirmation deposit, is non-refundable. This payment is made to secure your place in residence and is typically paid by debit card to SFU Residence and Housing.
- Lock Change and Lost Key Replacement: Fees associated with lock changes or lost key replacements are non-refundable. These fees are typically paid by debit card directly to SFU Residence and Housing.
- Incidental Fees: Incidental fees under $500 in value are also non-refundable. These could include charges for damages, special services, or other incidental expenses.
- Payment Plan Interest: If you enrol in a payment plan, such as the Flywire payment plan offered by SFU, any interest charges incurred are non-refundable. The payment plan allows students to pay tuition in installments, and interest is charged monthly on any outstanding balances.
It is important to carefully review the payment methods and associated fees before proceeding with your fee payment at SFU. By understanding the non-refundable components, you can make an informed decision about the most suitable payment method for your circumstances.
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Frequently asked questions
You can pay your student fees at SFU using any of the following methods:
- Wire payments through Flywire
- In-person payments with a debit card at any of the three SFU campuses
- Internet banking
- Visa and Mastercard credit cards (for some fees)
It depends on the payment method. Payments made via Flywire from outside Canada may take up to five business days to reflect on your SFU student account. Payments made through internet banking may take up to three business days.
If you miss a payment deadline, your plan status will change to "Defaulted", and you will be blocked from enrolling in classes until all fees are paid in full. Additionally, any unpaid balances past the tuition deadline are subject to a 2% monthly interest charge.
Yes, SFU offers a tuition payment plan option in partnership with Flywire. This allows students to pay their tuition in three or four instalments and enrol in the next term's courses while maintaining a balance. However, payment plans will be assessed a 2% monthly interest charge.
