Payments

When you commit to investing time and money in your education, we know it can be challenging to plan and pay for that investment. VFS offers many different ways to help you structure your payments, including interest-free payment plans. Our Advisors can walk you and/or your family through all of your options for financial assistance and payment.

Fee Payment Schedule

  1. Application Fee

    You must include your CDN$50.00 Application Fee payment with your application. If you do not already have an Advisor, one will be assigned upon application to help you through the rest of the process.

  2. Tuition Confirmation Deposit

    Once you receive an acceptance email, you will be asked to sign a Student Enrolment Confirmation Form and pay an initial tuition deposit to secure your seat in the program. This initial deposit indicates to us your commitment, and allows us to secure a seat for you at the current tuition rate for your program. The deposit amount is based on the cost of your specific program, your financial plan, and your method of payment.

  3. Balance of Tuition

    The balance of your tuition will be paid as per your agreed upon financial plan.

     

    *If you are planning to use Canadian student loans, pre-approval may be required.

    *Fees are quoted and payable in Canadian dollars and can be paid by cash, cheque, money order, Visa, MasterCard or wire transfer.

If you've got any questions

Contact Us

Financial Aid

Student Lines of Credit

A student line of credit is a great options for Canadian students with a valid co-signer. A line of credit is different from a loan because you take money out only as you need it and pay interest only on what you withdraw while you are in school.

The Royal Bank of Canada, Hastings & Granville Branch, in Vancouver, BC, has created a line of credit package for VFS students.

  • Your credit limit will be based on your need and ability to repay.
  • A co-signer may be required.
  • The minimum amount for the Royal Bank Student Line of Credit is $5,000.

Useful Royal Bank Links:

For detailed information, contact

Roberto Milano, Account Manager at 604-678-2882

Emily Kwan, Financial Advisor at 604-665-5229

Seon Ji, Banking Advisor at 604-665-3103

Damien Cha, Financial Advisor at 604-665-5203

 

 The Bank of Montreal, Georgia & Homer Branch, in Vancouver, BC, has created a line of credit package for VFS students.

  • Your credit limit will be based on your need and ability to repay.
  • A co-signer may be required.
  • The minimum amount for the Bank of Montreal Student Line of Credit is $5,000.

For detailed information, contact

Kanchy Nakagawa, Financial Services Manager at 604-665-7273

Many financial institutions also offer lines of credit or personal loans. These student lines of credit often start at a minimum of $4,000. In addition to the two banks above, you can also talk to:

Financial aid options for Canadian citizens or permanent residents only.

Canada and Provincial Student Loans are available to Canadian Citizens and Landed Immigrants/Permanent Residents who are enrolled in a full-time program at VFS.

 

Government Student Loan funding is based on tuition, fees, books, supplies, living expenses, income and available resources and reaches a maximum yearly level that varies province by province.

 

Our Admissions Advisors are available to help answer your questions and provide detailed information on any aspect of qualifying criteria, maximum loan amounts, your specific situation, and applying for Student Assistance. The information below is provided only as a guide.

 

You can apply by contacting VFS, or by calling Canada Student Loans toll-free at 1-888-815-4514.

LLP is a program that allows Canadian residents to withdraw funds from their Registered Retirement Savings Plans (RRSPs), without penalty, to fund their education.

To apply, you must have a letter of acceptance to a full-time program from VFS. The LLP allows you to withdraw up to $10,000 per year (to a maximum of $20,000) for you, or your spouse, without the withdrawal being taxed. You have up to ten years to pay back your withdrawal.

An RESP is a, tax-deferred, savings vehicle generally used by parents to save for their children's post-secondary education.

Contributions to an RESP for a child beneficiary may be eligible for Canada Education Savings Grant payments (CESG). Investment earnings on contributions and CESG payments can grow tax-free until they are distributed and included in the recipient's income, and taxed accordingly. In most cases, the recipient is a student whose total income results in a minimal amount of tax.

NOTE: The financial options that have been presented have no affiliation with VFS and are listed for information only. Please read carefully the full text (and the fine print) of any contract in which you engage and be sure you understand it before you sign it. VFS is not responsible for terms and conditions imposed by third-party services.

 

Refund Policy

The following refund policy is in accordance with Section 37 & 38 of the By-Laws of the Private Career Training Institutions Agency ("PCTIA"). To be considered for a refund, you must submit a written notice of withdrawal to VFS by registered mail, fax, email or delivery to VFS Educational Administration. If you hand-deliver your written notice, you need to have VFS mark the notice when it was received, and provide you with a copy for your records. Non-attendance does not constitute notice of withdrawal. Refunds are calculated only on the Tuition Fee and are based on days of education provided excluding weekends, holidays, and scheduled school breaks. Where total fees have not yet been collected, VFS is not responsible for refunding more than has been collected to date and you may be required to make up for monies due under the contract.

Refunds

a)     If VFS receives written notice of your withdrawal within seven days after this contract is made, and before the start of the Program, VFS will retain the lesser of 5% of the Tuition Fee due under this contract or $250.

b)    If after seven days after the contract is made, VFS receives written notice of your withdrawal 30 days or more before the start of your program, VFS will retain the lesser of 10% of the Tuition Fees due under this contract, or $1,000.

c)     If after seven days after the contract is made, VFS receives written notice of your withdrawal less than 30 days before the start of your program, VFS will retain the lesser of 20% of the Tuition Fees due under this contract, or $1,300.

a)     If VFS receives written notice of your withdrawal, or if you are dismissed up to and including 10% of your program's duration has elapsed, VFS will retain 30% of the Tuition Fee due under this contract.

b)    If VFS receives written notice of your withdrawal, or if you are dismissed where more than 10% and up to and including 30% of your program's duration has elapsed, VFS will retain 50% of the Tuition Fee due under this contract.

c)     If you withdraw or are dismissed where more than 30% of your program's duration has elapsed, no refund will be issued.

 VFS will retain the lesser of 10% of the Tuition Fee due under the contract or $400 if you are an international student who applies for and

a)    is denied a study permit authorization from Citizenship and Immigration Canada, or

b)    does not receive authorization prior to the start of program study

 

provided that

 

i.        you notify VFS of the circumstances in subsection 5.3 (a) on or before the first day your program is scheduled to begin, and

ii.        you, within a reasonable time, provide documentation of the circumstances in subsection 5.3 to VFS, by way of a copy of the denial letter

  • If you do not meet VFS's and/or program specific minimum requirements for admission, through no misrepresentation or fault of your own, VFS will refund all Tuition Fees paid under the contract, less the applicable non-refundable application or registration fee for the program.

 

  • VFS will pay refunds within 30 days of VFS receiving written notification of withdrawal and all required supporting documentation, or within 30 days of VFS's written notice of dismissal.