Finances

Estimated total expenses

CDN $6,000 – 8,000/term

Please note that although Go Global can help you budget for your exchange at UBC, only you can determine how much money you will need while you’re away. Your financial requirements will vary depending on your individual goals and your personal preferences.

To get a clear financial picture during your studies at UBC, it is always wise to create a budget that considers both university and living costs
Estimated University-administered accommodation

Dormitory Style (Totem Park, Place Vanier): $2,300/term.  Mandatory meal plan is not included in fees

Apartment/Townhouse Style (Walter Gage, Fairview Crescent, Rits-UBC House, Marine Drive): $2,700/term

Please check the UBC Housing and Conferences website for details.
Estimated off-campus accommodation

Shared housing: $2,800/term

Private housing: $3,600+/term
Estimated meal plan/grocery costs

Meal plan (Totem Park, Vanier): $2,000/term

Groceries: $1,500/term
Local transportation

U-Pass (Mandatory student bus pass): $120/term

All exchange students receive the U-Pass, a universal transportation pass that gives unlimited access to all TransLink buses, the SkyTrain, and the SeaBus during the Winter Session.

The U-Pass is mandatory for all students attending UBC, and it's such a fantastic deal that you will be glad to have it!

Only those students registered in credits will be eligible for the U-Pass.  Research exchange students (not enrolled in credits) will not have access to the U-Pass.
Estimated academic expenses (books and supplies) $700/term
Estimated personal expenses $1,500/term
Mandatory health insurance Full-year exchange Single-term exchange
  iMED is the basic health insurance required for all new international exchange students. Enrolment is automatic upon registration for your courses. Please visit the website for further information (including coverage dates).

$150 for iMED covering three-month waiting period for the British Columbia Medical Services Plan (MSP).

Students on exchange for six months or longer are required to apply for the (MSP). As there is a three-month waiting period for MSP, students are covered by iMED during this period.

$64/month for MSP		 iMED is the basic health insurance required for all new international exchange students.

Enrolment is automatic upon registration for your courses.

Please visit the website for further information (including coverage dates).

$212.50 for iMED

Students are not eligible for MSP if they study at UBC for only one term. In this case, iMED will cover you for the duration of your stay (approximately four months and one week).

 

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