Admission

01.Admission Requirements

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

High School
Mature Students
Other Post-Secondary Institutions

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**

Other Post-Secondary Institutions

Students may enter after completing a two or three year college/university program and will be assessed for admission on case by case basis. Students entering from other post-secondary institutions may be considered for transfer credits.

Students entering from other post-secondary institutions are required to provide:

  • Official transcripts from all post-secondary institutions attended*
  • Detailed course descriptions, if applying for transfer credits
  • A completed online application form.

01.Admission Requirements

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

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**
Other Post-Secondary Institutions

Students may enter after completing a two or three year college/university program and will be assessed for admission on case by case basis. Students entering from other post-secondary institutions may be considered for transfer credits.

Students entering from other post-secondary institutions are required to provide:

  • Official transcripts from all post-secondary institutions attended*
  • Detailed course descriptions, if applying for transfer credits
  • A completed online application form.

IBU accepts international student applications only in the Online PLUS program. Online PLUS is a 100% online program that can be taken from anywhere in the world.

To apply to Online PLUS, international students are required to provide:

  • Official high school transcripts*
  • Proof of English language proficiency
  • Completed online application

International students enrolling in the Online PLUS do not require a study permit and do not qualify for Post-Graduation Work Permit (PGWP).

*All official transcripts must be translated and notarized, if necessary. Original transcripts should be sealed, stamped, and sent directly from the issuing institution to Enrolment Services for evaluation.

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 6.5 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 tuition for courses, cost of e-books, ancillary fees which are paid by every student for course supports and general services and service fees which are paid by individual students at the time a specific service is requested.

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.

2021 Fall, 2022 Winter and 2022 Summer Semester Fees

Course Load
3 credit hours
6 credit hours
9 credit hours
12 credit hours
15 credit hours
Tuition

$1,125.00

$2,250.00

$3,375.00

$4,500.00

$5,625.00

Ancillary Fee: Digital Books

$75.00

$150.00

$225.00

$300.00

$375.00

Total

$1,200.00

$2,400.00

$3,600.00

$4,800.00

$6,000.00

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.

2021 Fall, 2022 Winter and 2022 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:
2021 fall semester: Tuesday August 24 2021
2022 winter semester: Friday December 17 2021
2022 summer semester: Wednesday April 28 2022
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

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).

IBU Financial Aid:
If you can demonstrate financial need, you may be eligible for one of a few student loans available through IBU. Contact the Enrolment Services office for details.

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 automatically be granted an entrance scholarship of $750 for each of the 2021 fall and 2022 winter 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.

* 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 during the semester.