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Payment plan with Flywire
Summer 2024 Payment Plan Info
NOTE: Students signed up on the Payment Plan will be charged a 2% monthly interest charge after the due date (May 17, 2024) and on the first of each month thereafter. Only accounts that are paid in full are not charged interest.
Payment plan students agree to pay the Summer 2024 fees and monthly interest charges in three or four installments.
The minimum account balance to sign up is $1,000.
Scheduled payment dates are May 1*, June 1, July 1 and August 1. Payment must reflect on goSFU each month before these dates in order to maintain good payment plan standing.
*All Payment Plans activated prior to April 24 will have 4 installments. Payment Plans activated after this date will only have 3 installments (June, July, August).
- Signing up for the Payment Plan allows students to add/drop classes for the Fall 2024 term and order transcripts while having an outstanding Summer 2024 balance.
- As long as you fulfill the monthly payment installments, you may enrol in Fall 2024.
- If the payment requirements are not met each month, the plan status will be considered "In Default". If your account is in default, you may be blocked from enrolling in Fall 2024 courses until payment is received in full.
- If you are uncertain about your finances, it is your responsibility to be more conservative when committing yourself to classes.
How to Sign-Up:
Payment Plan sign up period is April 15, 2023 - May 17th, 2024.
- Log in to your student account at goSFU, click on the Student Centre tile, click “Account Inquiry” under the Finances section, and then click “Payment Plan.”
- Sign up, and then wait for an email notification in your SFU email inbox.
- After a day or two, you will receive an email telling you to activate your payment plan, if you are qualified. Return to your Account Inquiry on goSFU and click the Activate button to finalize your payment plan.
- Check your scheduled payment amount at Flywire after you have Activated your plan.
- You will now receive emails to remind you of the upcoming scheduled payment. The monthly payment must show on goSFU before the first of each month to avoid being charged monthly interest on the incoming payment. (Allow 3-5 business days).
How to Pay:
Your payment must be reflected on your goSFU account before the scheduled payment date. Missed payment(s) will change the plan status to “Defaulted.”
Students may make payments in-person with a debit card at any one of our three campuses; there is no delay in payments made this way.
Make payments early through Internet Banking or Flywire:
- Internet Banking payments from a Canadian bank account show in your goSFU account in approximately three business days: https://www.sfu.ca/students/enrolment-services/fees/how-to-pay/internet-banking.html
- Payments from outside Canada via Flywire will show in your goSFU account in approximately five business days: https://www.sfu.ca/students/enrolment-services/fees/how-to-pay/payments-from-outside-of-canada.html
- Track your plan status at goSFU under Finances, Account Inquiry, Payment Plan.
- If your payment made via Internet Banking or Flywire does not appear in your goSFU account until after the installment deadline, your plan will be considered "Defaulted."
Frequently Asked Questions
Do I need to pay an installment on the tuition deadline of May 17, 2024?
No, the installment dates are May 1 (if you signed up before April 24), June 1, July 1, and August 1.
Will I have monthly interest charges if I am enrolled in the payment plan?
Yes, you will be assessed the 2% monthly interest charges even if enrolled in the payment plan so long as you have an outstanding balance. Interest is assessed after the tuition due date (May 17) and the first of each month thereafter.
What happens if my payment is late?
If the payment requirements are not met each month, the plan status will be considered "In Default". If your account is In Default, you may be blocked from enrolling in Fall 2024 courses until payment is received in full.
What happens to my installment amounts if I add/drop classes or receive a bursary/scholarship?
If you drop classes or receive a bursary/scholarship, it will be considered a payment towards your next installment. If you add courses, your payment plan will reflect a higher overall account balance. The resulted new balance will trigger the installment amount to be recalculated. To reduce potential issues, we recommend completing all course add/drops before signing up for the payment plan.
What happens if I apply for and receive government student financial assistance, such as StudentAid BC, OSAP or U.S. Direct loan funding?
When SFU confirms enrollment for Canadian and U.S. Direct Loan funding, we automatically deduct any outstanding tuition and fees, not just your next expected payment. Please plan accordingly. We encourage students to apply at least six weeks before their first day of studies each term to ensure that they receive their funding before the tuition payment deadline.
Can I make an installment payment early? Can I pay in full early?
Yes, you can make a payment towards the installment early or pay off the entire account balance before the August 1 deadline.
Am I required to pay on the first of each month or does my payment need to show on goSFU by the first of each month?
Your payment must show on your goSFU account by the first of each month. We recommend making payments at least three (3) business days (internet banking) or five (5) business days (Flywire) prior to the deadline to allow enough time for the payment to be processed.
I’ve made a payment or dropped a class today and my payment plan at Flywire hasn’t updated.
Please allow 1-2 business days for the payment plan to update and reflect any payments/changes made.
To avoid confusion, we recommend signing up/activating your plan after you have finished adding/dropping courses for the term.
What happens if I am unable to pay off the account balance by the end of the payment plan? (August 1 installment deadline)
- You will have defaulted on the payment plan because you did not fulfill the installment requirement. The plan status will change to 'Cancelled,' at which time you are required to pay the entire outstanding balance immediately.
- If you are not able to pay the entire Summer 2024 balance, you must immediately drop your Fall 2024 classes on goSFU because a $0 balance for the Summer 2024 term is a mandatory requirement for you to keep your Fall 2024 classes; and
- You are now required to set up a payment plan with the SFU Collections department in order to pay the outstanding Summer 2024 balance without damage to your credit score.
The SFU Collections payment plan comes with the following conditions:
- Prevents your account balance from being sent to a credit agency, preserving your credit score.*
- Allows you to pay off your outstanding term balance via monthly installments over a maximum period of up to six months. The payment plan also allows you to pay in full anytime.
- Please note that this payment plan does not prevent the financial hold from being placed on your account, preventing you from enrolling in future terms or receiving official parchments/transcripts until your account balance is paid in full.
- Payment plan balances will continue to be assessed the 2% monthly interest charge.
* Any damage to your credit score may result in reduced lending amounts and higher interest rates for future loans.
If you have defaulted on your Flywire payment plan, and require an SFU Collections payment plan, please email student_collection@sfu.ca immediately.
- Sign-Up Period is April 15th - May 17th, 2024.
- The minimum account balance to sign up is $1,000.
- Installment dates are: May 1, June 1, July 1, August 1.
- Students are still charged monthly interest while on the payment plan.
- If you have questions, see the FAQ.
If you're looking for Spring 2024 information:
For any other questions regarding payment plans, email student_collection@sfu.ca