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Promissory Note Checklist

The Promissory Note process allows you to leave a balance owing on your student account equal to the amount of financial aid you will be receiving during the term. If you prefer to pay your entire balance owing by the due date, you do not need to submit the Promissory Note.

Only specific types of funding are accepted on the Promissory Note. 

Funding you cannot use on a Promissory Note

  • OSAP estimates
  • RESP funding
  • Scholarships, bursaries, loans from outside Canada or the USA
  • Personal bank loans or student lines of credit
  • Employer reimbursements
  • A promise to pay later from personal sources or a Co-op job
  • Future earnings (except for RA/TA assignments)
  • Tuition Vouchers
  • Proof of student loan funding from the CanLearn site
  • A graduate Offer of Admission letter
  • External scholarships, bursaries, awards payable to the student
  • BC Passport to Education

Funding you can claim on a Promissory Note

The types of financial aid you can claim on a Promissory Note are listed below. Some of them will appear on your student account in Quest as Anticipated Aid, so when you are submitting the Promissory Note in Quest, you will not need to provide a proof document.  Other forms of financial aid will not appear on your student account so you will need to upload a document during Step 4 of the Promissory Note process, verifying the amount of funding you will be receiving during the term.

Paying your Tuition?

The quickest and cheapest way to make a domestic bank payment is with an online banking bill payment using your student number.  If that isn’t possible, we can also accept a certified cheque, money order, or bank draft from a Canadian bank.

To make an international tuition payment, use our GlobalPay for Students service.  The service is convenient, cheaper than a traditional wire transfer, and posts quickly to your student account.  You can also pay in the currency of your choice and get a competitive exchange rate.

Don’t forget to check the date tuition is due to avoid late fees and account holds.