Admission

01.Admission Requirements

Applicants must meet the minimum outlined in one of the following categories:

High School

Mature Students

High School

Students entering from high school are required to have an Ontario Secondary School Diploma or equivalent with a recommended minimum average of 70% in six courses at the 4U or 4M level or equivalent including:

Grade 12 English (ENG4U level or equivalent)
Grade 12 Math (U/M level)
Four other Grade 12 courses at the U/M level

Students entering from high school are required to provide:

Official high school transcripts*
A completed online application form.
Proof of English Proficiency, if required**

Mature Students

A mature student is an applicant aged 19 or older on or before the commencement of the program, who has not achieved an Ontario Secondary School Diploma (OSSD) or its equivalent and has not engaged in formal education for at least 2 years before applying.

Mature students will be evaluated on the successful completion of courses at the post-secondary level or through proficiency assessments, and are required to provide:

Official transcripts from all institutions attended*
A completed online application.
Resume
Proof of English Proficiency, if required**

01.Admission Requirements

Applicants must meet the minimum outlined in one of the following categories:

High School

Grade 12 English (ENG4U level or equivalent)
Grade 12 Math (U/M level)
Four other Grade 12 courses at the U/M level

Students entering from high school are required to provide:

Official high school transcripts*
A completed online application form.
Proof of English Proficiency, if required**

Mature Students

Mature students will be evaluated on the successful completion of courses at the post-secondary level or through proficiency assessments, and are required to provide:

Official transcripts from all institutions attended*
A completed online application.
Resume
Proof of English Proficiency, if required**

English Language Proficiency Admission Requirements

All courses offered by International Business University (IBU) are conducted in English. To ensure the success of all admitted students, applicants are required to provide evidence of strong English language written, oral and comprehension skills.

If your first language is not English and if you completed fewer than 4 consecutive years full-time in an approved Canadian secondary school, you must provide test results from one of the following English Language Proficiency Test providers. The test must have been taken within 2 years of the start of your term of admission and your test results must be equal to or greater than the minimum scores listed below.

Test results must be sent directly from the test provider to IBU.

Test accepted by IBU and their required minimum scores are:

Cambridge Assessment English C1: Advanced and/or C2: Proficiency
Required score: minimum 175 overall with no component below 170.

Canadian Academic English Language Assessment (CAEL)
Required score: minimum 70 overall with no band below 60.

International English Language Testing System Academic (IELTS) (not general test)
Required score: minimum 6 overall with no band below 6.

Pearson Test of English (PTE)
Required score: minimum 60 overall with no Communicative Skills component (listening, speaking, reading, writing) below 60.

Test of English as a Foreign Language, internet based (TOEFL iBT) (not Super Score Test and not Home iBT test)
Required score: minimum 83 overall with no individual scaled score (writing, speaking, reading, listening) below 20.

Canadian Language Benchmarks score
Required Score: minimum score of 7

Duolingo
Required Score: minimum score of 105.

Post-secondary level English for Academic Purposes program accredited by Languages Canada
Required Level: minimum equivalent of B Standing

Common European Framework of Reference for Languages (CEFR)
Required Score: Level C1 or higher

Michigan English Language Reading Battery (MELAB)
Required Score: Minimum 76

Canadian Test of English for Scholars and Trainees (CanTEST)
Required Score 4.5 in Reading and Listening and 4.0 in Writing

02. Tuition & Fees

Tuition at IBU is set at $6,000 CAD per semester.

Tuition and fees include costs such as tuition for courses, cost of e-books and all ancillary fees (course supports, activity costs & general services).

Tuition and Fees per Semester, Domestic

Domestic fees apply to
a) Canadian citizens,
b) individuals registered as Indians under the Indian Act (Canada) and
c) permanent residents (landed immigrants).
A standard full course load is 15 credit hours per semester.

2022 Fall, 2023 Winter and 2023 Summer Semester Fees

Course Load	3 credit hours	6 credit hours	9 credit hours	12 credit hours	15 credit hours
Tuition	$1,125	$2,250	$3,375	$4,500	$5,625
Ancillary Fee: Digital Books	$75	$150	$225	$300	$375
Total	$1,200	$2,400	$3,600	$4,800	$6,000

Note: Tuition and fees are reviewed annually and subject to change.

Tuition and Fees per Semester, International:

Students not eligible to pay fees at the domestic rate pay tuition and fees at the international rate (some exemptions apply, contact Enrolment Services).
A standard full course load is 15 credit hours per semester.

2022 Fall, 2023 Winter and 2023 Summer Semester Fees

Course Load	3 credit hours	6 credit hours	9 credit hours	12 credit hours	15 credit hours
Tuition	$1,725.00	$3,450.00	$5,175.00	$6,900.00	$8,625.00
Ancillary Fee: Digital Books	$75.00	$150.00	$225.00	$300.00	$375.00
Total	$1,800.00	$3,600.00	$5,400.00	$7,200.00	$9,000.00

Note: Tuition and fees are reviewed annually and subject to change.

Service Fees

All service fees are non-refundable. IBU cannot accept cash payments. Most service fees must be paid by debit or credit card; non-refundable tuition deposit fees* must be paid through online banking.

Confirmation of admission, domestic*: $ 250
Confirmation of admission, international*: $1000
Late payment of fees: 1.25 % per month

A. Payment of Tuition and Fees

How to Pay:
All domestic tuition and ancillary fees must be paid through your Canadian bank or credit union. To pay your fees through online or telephone banking, or in person at your bank, add International Business University to your bank account as a payee, enter your IBU student number as your account number and submit the amount due.
Payments will take from 2 to 5 business days to transfer to your IBU fees account, so it is best to make your payment a week before the deadline. Payments received after the deadline are subject to late fees.
Students who do not hold an account with a Canadian financial institution may pay their tuition and ancillary fees as well as the confirmation of admission fee through Western Union GlobalPay.
Payment Deadlines:
2022 fall semester: Wednesday August 24 2022
2023 winter semester: Thursday December 29 2022
2023 summer semester: Friday April 28 2023
Payment deadlines are also published in Important Dates and Deadlines.

Late Payment Fees:
On-campus students:
After the payment deadline, any outstanding balance on your account will be subject to 1.25% monthly late payment interest charges (16.08% effective annual rate). You will not be permitted to take further courses until your outstanding balance has been paid.
Off-campus (online program) students:
If you are registered in the online only program, your registration will be cancelled if full payment has not been received by the deadline. Any outstanding balance on your account will be subject to 1.25% monthly late payment interest charges (16.08% effective annual rate). You will not be permitted to take further courses until your outstanding balance has been paid.

B. Withdrawal and Refund Schedules

Please refer to Academic Calendar

03. Financial Aid, Awards & Bursaries

IBU FINANCIAL AID PROGRAM

At IBU, we work hard to make your education affordable and flexible. Our International Business Management and Technology program will make you into the most marketable and prepared future employee that you can be. We believe in the education we provide to our students. That is why we offer a very competitive and affordable financial aid program in Ontario to support you during your journey with IBU.

If you are eligible and approved, IBU will defer up to one-hundred percent (100%) of your program tuition and book fees until after you graduate and get a job. In order to continue receiving the IBU financial assistance, you must meet the academic progress requirements during the program. Funds from scholarships and bursaries are applied directly to tuition and other student fees owing.

IBU Financial Aid Program Highlights:

For a limited number of eligible domestic applicants, up to 100% of their tuition and book payments will be deferred until they are employed after graduating.
IBU Financial Aid is absolutely interest-free. The student will only pay back the total tuition and book cost incurred during the study. There will be no interest charge to the financial aid package.
The student will have a chance to have 25% of the total financial aid waived if they graduate with an average CGPA of 4.0 and up.
You only pay monthly when your income is greater than the income threshold as determined by the university.

In order to check if you qualify and for for any other questions, contact our Enrolment Office today.

Eligibility
To be eligible for the IBU Financial Aid Program the applicant must be a Canadian citizen or permanent resident and take a minimum of 9 credit hours per semester from in-class and/or the IBU Online PLUS program.
A co-signer is required. If you drop out of the program before you graduate, you have to pay back the outstanding dues within six months.

Required Documentation

Address Proof (for last 5 years of residence)
Income Proof for both the applicant and the co-signer
Copy of passport or PR Card

Frequestly Asked Questions

Am I charged any interest during my study?

No, the IBU Financial Aid Program is interest-free. There will be no interest charge during your school and after you graduate.

After I graduate, when do I start making payments? Is there a grace period?

Yes, there is a one-year grace period for a payment plan. If you graduate from your program in May, your payment schedule will start when you start working or at the end of the grace period.

What happens if my grace period ends but I have a low-paying job, or maybe no job at all?

Thanks to IBU’s industry-focused curriculum, you will gain the skills you need to become part of the global workforce while laying the groundwork to become a future leader. So, after your graduation you’re ready to hit the job market with demonstrable achievements to add to your resume! In addition, IBU’s Career and Employment Office is committed to support you with free job search assistance, workshops, training and network events after your graduation. Once you’ve achieved your degree, you will become a part of the IBU alumni family.

However, we know that there might be challenges when you graduate, or an economic downturn might impact the job market from time to time. If you don’t find a job when the one-year grace period ends, we will pause your payments and delay it for one more year or until you get a job during the second year. You are responsible for meeting the terms of your IBU Financial Aid contract regardless of your employment situation once your payment schedule starts.

What happens if I drop out or don’t graduate on time?

According to IBU’s academic policy, you have to graduate from your program within a period of seven years. If you don’t finish your degree or drop out of the program, you are responsible for meeting the terms of your IBU Financial Aid contract. You need to pay the total student financial aid within six months of leaving IBU without completing the program.

What happens if I start full-time and continue part-time?

In order to be eligible to get the IBU Financial Aid Program, you need to enroll in a minimum of 9 credits per semester. You do not qualify for IBU Financial Aid Program if you are enrolled less than 9 credits in any semesters. Suppose you received your financial aid in earlier semesters taking more than 9 credits. In that case, you don’t need to pay them until you graduate and your grace period ends even if you register for less than nine credit courses per semester in upper years. However, you must graduate from your program within a period of seven years or less.

What happens if I continue to study after I graduate?

If you enroll part-time or full-time in IBU’s graduate or MBA programs after you graduate from your B Comm degree program, your payment obligation will pause until you complete or leave that new program. Then, you are given another six-month grace period before your payments start again once you re-enter the workforce.

How do I participate in the IBU Financial Aid Program?

Students eligible to participate in the IBU Financial Aid Program will work with our partner, Vega Academic Services Inc., to complete the paperwork for an agreement.

Entrance Scholarships

IBU is pleased to welcome new students and offers two types of entrance scholarships.
Entrance Scholarships for Academic Achievement
IBU would like to reward your hard work in secondary school!
You will automatically be considered for a merit-based entrance scholarship if:

you are a Canadian citizen or hold permanent resident status.
you are currently a full-time secondary school student (with continuous full-time secondary school attendance for the past 4 years)
or
you completed your full-time secondary school studies no more than one academic year prior to your semester of admission (with continuous full-time secondary school attendance for 4 years)
you are beginning post-secondary studies for the first time.
you will be registered full-time* in your IBU degree program.

Entrance scholarships are granted for each of your first two IBU semesters and are awarded based on the average of your top six Ontario Grade 12 U or M final full credit course grades, including the specific required courses for your program (or equivalent Grade 12 final credit course grades from secondary schools outside of Ontario). **

Entrance scholarships for academic excellence are allocated as follows:

Admission Average	Scholarship Award for Semester 1 of First Year	Scholarship Award for Semester 2 of First Year
95% and higher	$ 3000	$ 3000***
90% to 94.9%	$ 1500	$ 1500***
85% to 89.9%	$ 1000	$ 1000
80% to 84.9%	$ 1000	$ 1000

* Full-time status at IBU required for entrance scholarships is defined as a minimum 80% course load (12 credit hours). Entrance scholarships will be cancelled if you drop courses and reduce your course load to below 12 credit hours at any time for that semester.
** The determination of the credits to be used in the calculation of your Grade 12 average lies solely at the discretion of IBU; as well, changes to final secondary school grades received after August 1 will not result in recalculation of the average.
*** If you earn a grade point average of at least 4.0 for your second semester you will also receive this scholarship in your third semester, and you will continue to receive the scholarship as long as you continue to take a full-time (80%) course load and earn a minimum 4.0 grade point semester average, up to a maximum of 8 semesters. If you register full-time and earn a 4.0 grade point average in each semester, you will receive the maximum 8 entrance scholarship awards.

General Entrance Scholarships

You will be granted an entrance scholarship of $750 each for first two semesters if:

you did not receive a merit-based entrance scholarship.
you are a Canadian citizen or hold permanent resident status.
you will be registered full-time* in your IBU degree program.

Currently, IBU students are not eligible to receive funding through the Ontario Student Assistance Program (OSAP). However, there are several other options that can be explored.
These include:
Bank Loans:
Most financial institutions offer line of credit loans to students at favourable rates. Speak to a representative at your bank or credit union to discuss their terms and then research the terms at one or two other financial institutions before making your decision.

Education Savings Plans:
You and/or your family may have been putting aside funds for your education through an education savings plan. Once you have been admitted and registered for your courses, contact your plan to find out what you need to do to have your funds released.

Sponsorships:
Some students are supported by third party organizations, by their Indigenous bands or by foreign governments. These organizations can transfer the funds directly to IBU. If sponsored students are not able to pay their fees by the deadline, or their sponsor will pay directly to IBU, they must submit their sponsorship letter or confirmation to the Enrolment Services office.

Crown Wards:
If you are or were a crown ward and spent at least one full year in foster care, you may be eligible for a full waiver of your tuition and ancillary fees. Contact the Enrolment Services office for details.

HigherEdPoints:
You (and your friends and family!) can convert Aeroplan, American Express, CIBC or TD points, or a HigherEdPoints gift certificate, into funds applied directly to your tuition fees. For details, see HigherEdPoints.com.

Entrance Scholarships:
If you have received an entrance scholarship it will be applied directly to your account.

Other Scholarships:
There are many organizations that offer scholarships to students, some with specific and unique criteria. Review the scholarship opportunities and applications listed on ScholarshipsCanada.com, some of which may fit your situation. Submit as many applications as you can. Another site to explore is yconic.com.

Payment Plan:
If you are experiencing difficulties meeting the payment deadline and can demonstrate the ability to make regular payments, please go to Enrolment Services to discuss a payment plan option (not to exceed one semester).