Tuition Deposit Frequently Asked Questions
Do I need to make a tuition deposit?
Would I ever need to make more than one tuition deposit in an academic year?
Is my tuition deposit a payment against my program tuition fees?
When is my $500.00 tuition deposit due?
What if I change my mind after making my tuition deposit but before the start of the term?
Can I transfer my $500 non-refundable tuition deposit to attend in a future term if I change my mind?
What if I withdraw after my tuition fees have been paid in full?
When is the balance of my tuition fees due?
What if my fees are not paid in full by the due date?
What financial assistance is available to help with my education expenses?
What if I have applied for OSAP or Out-of-Province financial aid and will be receiving funding?
What if I do not meet my admission conditions after I have paid my tuition deposit for that program?
Do I need to make a tuition deposit?
One $500 non-refundable tuition deposit per academic year (September – August) will be required. OSAP and Out-of-Province financial aid applicants may be eligible to defer their $500 non-refundable tuition deposit through their ACSIS account. The $500 tuition deposit will be requested in your first study term each year and will be applied to your fee balance. In most cases, the first study term will be in the Fall.
Would I ever need to make more than one tuition deposit in an academic year?
You would need to make more than one tuition deposit payment or deferral in an academic year only if you elect to switch your program of study during the academic year.
Is my tuition deposit a payment against my program tuition fees?
Yes, your $500 tuition deposit payment will be applied towards your term tuition fees. This payment will reduce the balance of the term fees that will be due three weeks after the start of your term.
When is my $500.00 tuition deposit due?
If your first study term of the academic year is Fall, your deposit will be due June 15
If your first study term of the academic year is Winter, your deposit will be due November 1
If your first study term of the academic year is Summer, your deposit will be due March 1
Note: If any of these dates fall on a holiday or weekend, the due date for fee payment or deferral for OSAP applicants will be the first working day following the holiday/weekend.
Can I transfer my $500 non-refundable tuition deposit to attend in a future term if I change my mind?
If you had paid the $500 non-refundable tuition deposit and decide to officially withdraw within 10 business days from the start date of your program, you are allowed to transfer that $500.00 non-refundable tuition deposit to secure your seat in a program at Algonquin College in a future term within that same Academic Year. You cannot transfer your $500.00 non-refundable tuition deposit to use in a future Academic Year and would be required to pay another $500 non-refundable tuition deposit to secure your seat.
What if I change my mind after making my tuition deposit but before the start of the term?
Your $500 tuition deposit is non-refundable if you decide to not attend Algonquin College. If you are only making changes to your program choice at Algonquin, your $500 non-refundable tuition deposit will be applied against the tuition for your new program at Algonquin College.
If you are an OSAP or Out-of-Province financial aid applicant who completed a tuition deposit deferral on ACSIS, and decide to no longer attend Algonquin College or are ineligible for government financial aid, you will be liable for the $500.00 non-refundable tuition fee deposit.
What if I withdraw after my tuition fees have been paid in full?
If you withdraw up to the 10th day of class, you will be eligible for a refund of the full tuition and ancillary fees paid for the term less the $500 non-refundable tuition deposit.
If you completed a tuition deposit deferral on ACSIS, and withdraw up to the 10th day of class, you will be liable to pay the $500.00 non-refundable tuition fee deposit. If the college has received any OSAP payments within this time period, the remaining credit (less the $500 non-refundable tuition deposit) will be returned to the National Student Loans Service Centre.
If you withdraw after the 10th day of class, you are responsible to pay the full fees for that term and will not be eligible for a refund.
When is the balance of my tuition fees due?
The remaining balance of your tuition fees will be due 21 days after the start of your term. You will be receiving a tuition deposit confirmation email once you have made your tuition deposit payment or deferment, giving you an exact date as to when your remaining balance will be due for that term.
We encourage you to use online methods of payments and to not wait until the last day to make your payment. When paying by online banking or telephone banking please allow 3 days for processing. By paying early and paying online you will avoid line-ups and long waits at the Registrar’s Office and be able to focus on your studies.
What if my fees are not paid in full by the due date?
A late fee of $150 will apply the next day if your fees are not paid in full by the balance due date each term. Avoid the late fee by paying your remaining balance in full by the balance due date (provided in your tuition deposit confirmation email).
What financial assistance is available to help with my education expenses?
Finding the funds to pay for tuition, housing, books and supplies can be a challenge. Please visit the Algonquin College Financial Aid & Student Awards website for information regarding student loans, bursaries and other forms of financial assistance available to students.
What if I have applied for OSAP or Out-of-Province financial aid and will be receiving funding?
Algonquin College Students who have applied for OSAP or Out-of-Province financial aid may be eligible for a deferral of their $500.00 non-refundable tuition deposit.
Eligible students who have successfully applied for OSAP or submitted their Out-of-Province financial aid paperwork to the Financial Aid and Student Awards Office can defer their $500.00 non-refundable tuition deposit on their ACSIS account by clicking on “Defer Your Fees” under the FEES & PAYMENTS Menu Options.
What if I do not meet my admission conditions after I have paid my tuition deposit towards that program?
If you do not meet the admission conditions for your program by the start of term and as a result are not allowed entry into that program at Algonquin College, your $500 tuition deposit will be refunded.