Goodman Institute of Investment Management
The University reserves the right to modify the published scale of tuition and other student fees without prior notice, at any time before the beginning of an academic term. This document contains the most current information on the University's Financial Regulations and Fees and is the authoritative document regarding the University's financial regulations as well as the billing of tuition and compulsory fees.
A. How fees are billed
1. Privatized graduate programs
Goodman Institute graduate degree programs are not funded by the Quebec Ministry of Higher Education and are therefore considered to be privatized programs.
2. How and when fees are billed
Students admitted to a Goodman Institute graduate degree program normally register for fall and winter term courses at the beginning of September. Upon registration, annual tuition fees are charged to the student's account. Students can view and pay their tuition fees online. Students can also access their tuition fee details by logging in to the Student Hub and going to My CU Account.
3. Prerequisite and deficiency course fees
A deficiency course is a course which must be taken in addition to the nominal credits in a student's program and does not apply to the degree program. Deficiency credits may include graduate or undergraduate courses.
All deficiency and prerequisite registered course credits that do not apply to the student's Goodman Institute degree program will be charged tuition and compulsory fees on a "per credit" basis. These fees are charged in addition to, and concurrently with, the annual program fees charged.
Information and a breakdown of tuition and compulsory fees for Master's and PhD programs is available on the Tuition and fees webpage.
4. "Elective" and 'Hors programme' courses
Courses that cannot be applied to the student's degree program are considered to be "elective" or 'cours hors programme' and are charged tuition and compulsory fees on a "per credit" basis. These fees are charged in addition to, and concurrently with, the annual program fees charged.
5. Health insurance for International students
Immigration Quebec services and the Ministère de l'Éducation, de Loisir et du Sport du Québec (Quebec government) require that all International students be covered by a health insurance plan while studying and living in Quebec. To this end, the University has implemented a compulsory health and accident insurance plan for its International students.
International students possessing Québec Medicare cards or certain private insurance coverage may be eligible for an exemption from enrolment in the compulsory insurance plan. To apply for the exemption or for further information please speak with the Assistant Director of the GIIM.
B. Goodman Institute program fees
|Master's of Business Administration in Investment Management||$ 18,000 per year|
|Master's in Investment Management||$ 18,000 per year|
|Diploma in Investment Management||$ 18,000 per year|
As of June 1, 2019
|Master's of Business Administration in Investment Management - Canadian students and Permanent Residents||$ 23,000 per year|
|Master's of Business Administration in Investment Management - International Students||$ 28,000 per year|
|Master's in Investment Management - Canadian students and Permanent Residents||$ 23,000 per year|
|Master's in Investment Management - International Students||$ 28,000 per year|
|Diploma in Investment Management - Canadian students and Permanent Residents||$ 23,000 per year|
|Diploma in Investment Management - International Students||$ 28,000 per year|
Please note: Program fees will be $18,000 for all candidates submitting their applications prior to June 1st, 2019.
C. Financial obligations
In order to register, a student's account must be in "good standing" (i.e. the student has no outstanding balance or monies owing from a previous or current term). Once a student has registered for a course(s) or course notation, e.g. CIP, STOQ, the student becomes responsible for payment of the resulting fees. Fees become due at the start of each term.
2. Payments, payment deadlines and what fees must be paid
For the purpose of this document, the definition of the words "payment" and "paid" is:
"A student's account is considered to have been paid only when the student's payment appears on the student's account."
The student's payment must appear on the student's account no later than the published payment deadline date. If the student makes a payment at his/her bank or on the bank's online payment service, and if that payment is made on the actual payment deadline date, or one or two days before the payment deadline date, the payment will not appear on the student's account until after the deadline, and the late payment penalties may apply.
All monies owing to the University (such as tuition and compulsory fees, library fines, etc.) must be paid when they become due; that is, the payment must appear on the student's account no later than the payment deadline date.
A Student's Account balance is available on the Student Centre. Students can also access their account balance by logging in to the Student Hub and going to My CU Account. Payment deadline dates are available under the Fee Payment Deadlines heading and on the Student's Account. No printed invoices or statements of account are issued by the University for students who are currently registered in a course or course notation (e.g. CIP).
3. When are fees due and when must fees be paid?
Fees become due at the start of each term and must be paid in full by September 30th. A late payment fee of $100 will be charged on October 1st if fees are not paid in full.
Beginning December 1st, compounded monthly interest fees are charge on all overdue balances.
No printed invoices or statements of account will be issued by the University. If someone other than the student will be paying the student's fees, e.g. a sponsor, company, etc., the student must make sure that the person or company paying the fees is fully aware of the payment deadlines and methods by which payment can be made.
Payments made through a bank's online payment service takes approximately 3 to 5 business days to appear on the student's account. Other payment methods may also take several days to appear on the student's account. Please keep this mind when meeting a payment deadline.
4. Methods of payment
For a complete list of Methods of Payment, Please visit: https://www.concordia.ca/admissions/tuition-fees/fee-payment-deadlines/methods-of-payment.html
5. Other payment methods
- Students whose fees are paid to the University by a "Sponsor" (e.g. government, embassy, corporation, etc.) must present original proof of sponsorship to the Student Accounts Office before the payment deadline date. The Student Accounts Office will invoice the sponsor directly. Any fees not covered by the student's sponsor must be paid by the student no later than the payment deadline date.
- Payroll deductions may be available to teaching and research assistants and certain Concordia employees. The student must go to the Payroll Office in S-FB-1120 to complete and submit a Payroll Deduction form.
6. Consequences for late payment and/or non-payment of fees
- Accounts registration restrictions; registration and course changes
An Accounts Restriction will be applied to any student's account with an outstanding (overdue) balance. Students with an accounts restriction will be withdrawn from all future waitlisted courses and will not be permitted to register for, or make course changes to an existing registration in a current or future academic term. Students are permitted to drop a course(s) or withdraw from their program of study at any time.
Courses for which a student has registered in the current and future academic terms are not cancelled and the student is not barred from attending class, sitting for "in-class" examinations, or submitting course work.
- Release of official transcripts and other official documents
Failure to make payment when a fee becomes due is sufficient cause for the University to bar a student from having access to Library and IT services, accessing some student portal services including but not limited to: My Class Schedule, My Book List, My Grades, Transcript, Registration excluding withdrawals from a course(s), Get a Locker, Student Parking, and the Continuing Education menu items such as Transcript, Class Schedule or Contract.
Failure to make payment when a fee becomes due is sufficient cause for the University to withhold diplomas, scholastic certificates, official and unofficial transcripts of academic record plus letters of attestation of academic standing, confirmation of enrolment, confirmation of grades or completion of program, financial standing, immigration status, degree verification, detailed statements of account, special company/tuition receipts and so on.
Transcripts for students with outstanding balances on their student account will be released under the following circumstance only:
- for applications to a Concordia University program.
All other requests for official transcripts or other documents will not be granted.
Students with an Accounts Restriction are not permitted to attend Convocation. An Accounts Restriction is automatically removed when the outstanding (overdue) balance is paid in full.
7. When miscellaneous fees/charges become due
Miscellaneous fees (e.g. locker fees, fines, etc.) are due 30 days from the date that the charge is posted to the student's account. After that date, late payment and interest fees are applied to unpaid balances.
8. Adjustments to a student's account
All accounts are subject to revision for changes to the published scale of fees (which may be made without prior notice at or before the beginning of an academic term), registrations of record and for the adjustment of errors or omissions, as well as in the case of courses cancelled by the University.
9. Returned items (e.g. cheque payments)
Current and/or future registrations may be cancelled if a cheque or credit card payment (e.g. application fee) is returned for any reason. A returned items processing fee will be charged for each returned item.
10. Delinquent student accounts
If monies owing to the University are not paid when they become due the monies owing will be considered to be overdue and the student's account will be considered to be delinquent.
11. Delinquent accounts collections
Overdue payments and delinquent accounts are managed as follows:
- Late payment fee
Annual fees must be paid in full by September 30th or a late payment fee of $100 will be charged to the student's accounts.
- Interest fees
Beginning December 1st, monthly interest fees are charged on all overdue balance at the rate of 6% per annum (or 0.5% per month, compounded monthly). This rate may change from time to time in conformity with prevailing interest rates.
- Collection of a delinquent account
The Student Accounts Office will
- send an e-mail to the student's e-mail address on record as a reminder that the student's account has become delinquent and that the account will be placed with a collection agency if payment is not received within a specified period of time; or
- send a statement of account or letter to the student's mailing address on record as a reminder that the student's account has become delinquent and that the account will be placed with a collection agency if payment is not received within a specified period of time; and
- place the account with a collection agency if payment has not been received within the period of time noted on both the e-mail and letter reminders.
D. Refund of fees (financial credit on account or refund)
No refund will be granted for any course(s) for which the student has or will receive a grade, including grade notations, e.g. discontinued (DISC), etc. Once a student has enrolled in a Master's/Magisteriate or Ph.D. program and is registered for a course or a course notation, e.g. CIP, STOQ, he/she is responsible for the payment of the resulting fees.
2. Withdrawal from a course(s)
GIIM students are not granted a refund of fees paid, or a financial credit on account, when they withdraw from a course. Program fees are not reduced or refunded.
3. Withdrawal from a Goodman Institute program
Upon withdrawal from a Goodman Institute program the $2,000 non-refundable deposit is forfeited. Fifty percent (50%) of the remaining program fees will be credited to the student's account if the student officially withdraws from their degree program before October 31st.
No fees will be credited to students who withdraw from their degree program after this date.
4. Requesting a refund
Students may leave a credit on their student account and it will automatically be applied to fees owing in the next semester(s). All refunds under $10 will only be refunded by Interac (debit card) at the Birks Student Service Centre, S-LB-185.
All refunds of $75 and more will be refunded via the original payment method (debit, credit card or cheque). All refunds must be submitted online through the Student Centre. You can also access your Student Centre by logging in to the Student Hub and going to My CU Account. Once in the Student Centre, select Finances > other financial. Use the drop down menu to select Refund Request. Please note, when requesting a refund on the Student Information System, “Cheque” is set as a default option. If a student request a cheque refund, it is automatically made payable to the student, unless the student asks that a cheque refund be made payable to a third party, e.g. a parent, spouse, etc. In that case, the student must provide the name and mailing address of the third party payee.
When the refund pertains to the current academic term, the refund will only be processed after the covering deadline for withdrawal with full refund (DNE deadline). Verification of the student's account may take some time, especially during peak refund request periods. A cheque refund is normally mailed within 10 business days of the deadline for withdrawal with full refund (DNE) deadline and the student's online request.
When students request a refund for credit balances created by scholarship, bursary, loan and other student award disbursements, all efforts to expedite the refund as quickly as possible will be made. In these cases only, the student may request a refund by Interac (debit card) for a maximum of $1,000 at the Birks Student Services Centre and submit an online request asking that the remaining credit balance be reimbursed by cheque refund. Or, the student may submit an online request for the full refund.
International students requiring a refund by wire transfer must be submitted online through the Student Centre. You can also access your Student Centre by logging in to the Student Hub and going to My CU Account. Once in the Student Centre, select Finances > other financial. Use the drop down menu to select Refund Request.. A wire transfer refund is normally processed within 10 business days of the deadline for withdrawal with full refund (DNE) deadline and the student's online request. The student will assume the cost of the wire transfer. The cost of the wire transfer will be deducted from the amount of the refund transferred by wire. Please note that requests for wire transfers to a Canadian or U.S. bank will not be processed. Canadian and U.S. students must submit a cheque Refund Request as noted above.