Admissions

Undergraduate
Tuition & Fees

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:
* 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.

* 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.

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).

International Undergraduate Awards

The following awards are bestowed automatically.
You don’t need to apply for an award, as these awards will be granted at the point of admission (if eligibility is met).

Applicable Programs: Bachelor of Commerce
Eligibility: This grant is open to international applicants who are citizens of one of the following countries:

Anguilla Antigua & Barbuda Argentina Aruba Bahamas
Barbados Belize Bolivia Brazil British Virgin Islands
Cayman Islands Chile Colombia Costa Rica Cuba
Curacao Dominica Dominican Republic Ecuador El Salvador
Falkland Islands French Guiana Grenada Guadeloupe Guatemala
Guyana Haiti Honduras Jamaica Martinique
Mexico Montserrat Nicaragua Panama Paraguay
Peru Puerto Rico Saint Barthelemy Saint Kitts & Nevis Saint Lucia
Saint Martin Saint Vincent & Grenadines Suriname Trinidad & Tobago United States of America
Uruguay Venezuela

Program: Bachelor of Commerce

(All Amounts in CAD)

$69,000
Less: International Scholarship $9,000
Less: Regional Scholarship $9,000
Total Tuition Fee $51,000*

$5,625 minimum deposit requirement except for LATAM and Direct Stream Countries.
*Course textbooks and International Student Health Insurance are not included.

Condition(s):

  • The student must commence their program before their offer for admission expires.
  • The student must keep programs.
  • The student must pay all fees (that are not covered by the award) by their respective due dates.
  • The student must maintain good academic standing.
  • The student must maintain a full-time enrolment status.

Award End Date:
This grant is valid until the end of 2024, with Fall 2024 being the last intake available for eligibility.
Eligible applicants will need to submit their applications by the admission deadlines.

Applicable Programs: Bachelor of Commerce
Eligibility: This grant is open to international applicants who are citizens of one of the following countries:

Albania Andorra Austria Belgium
Bosnia and Herzegovina Bulgaria Croatia Cyprus
Czechia Denmark Estonia Finland
France Germany Greece Hungary
Iceland Ireland Italy Kosovo
Latvia Liechtenstein Lithuania Luxembourg
Malta Monaco Montenegro North Macedonia
Norway Poland Portugal Romania
San Marino Serbia Slovakia Slovenia
Spain Sweden Switzerland Turkey
United Kingdom

Program: Bachelor of Commerce

(All Amounts in CAD)

$69,000
Less: International Scholarship $9,000
Less: Regional Scholarship $9,000
Total Tuition Fee $51,000*

$5,625 minimum deposit requirement except for LATAM and Direct Stream Countries.
*Course textbooks and International Student Health Insurance are not included.

Condition(s):

  • The student must commence their program before their offer for admission expires.
  • The student must keep programs.
  • The student must pay all fees (that are not covered by the award) by their respective due dates.
  • The student must maintain good academic standing.
  • The student must maintain a full-time enrolment status.

Award End Date:
This grant is valid until the end of 2024, with Fall 2024 being the last intake available for eligibility.
Eligible applicants will need to submit their applications by the admission deadlines.

Applicable Programs: Bachelor of Commerce
Eligibility: This grant is open to international applicants who are citizens of one of the following countries:

Brunei Cambodia China China
Laos Malaysia Myanmar Singapore
Thailand Timor Leste Vietnam

$5,625 minimum deposit requirement except for LATAM and Direct Stream Countries.
*Course textbooks and International Student Health Insurance are not included.

Condition(s):

  • The student must commence their program before their offer for admission expires.
  • The student must keep programs.
  • The student must pay all fees (that are not covered by the award) by their respective due dates.
  • The student must maintain good academic standing.
  • The student must maintain a full-time enrolment status.

Award End Date:
This grant is valid until the end of 2024, with Fall 2024 being the last intake available for eligibility.
Eligible applicants will need to submit their applications by the admission deadlines.

Applicable Programs: Bachelor of Commerce
Eligibility: This grant is open to international applicants who are citizens of one of the following countries:

Mauritius Morocco Mongolia South Korea Turkey

Program: Bachelor of Commerce

(All Amounts in CAD)

$69,000
Less: International Scholarship $9,000
Less: Regional Scholarship $9,000
Total Tuition Fee $51,000*

$5,625 minimum deposit requirement except for LATAM and Direct Stream Countries.
*Course textbooks and International Student Health Insurance are not included.

Condition(s):

  • The student must commence their program before their offer for admission expires.
  • The student must keep programs.
  • The student must pay all fees (that are not covered by the award) by their respective due dates.
  • The student must maintain good academic standing.
  • The student must maintain a full-time enrolment status.

Award End Date:
This grant is valid until the end of 2024, with Fall 2024 being the last intake available for eligibility.
Eligible applicants will need to submit their applications by the admission deadlines.