Residence Life: Fees Residence Life: Fees Residents pay for their room and meal plan together. All residents must sign up for the entire academic session (September-April). See the 2019-20 Fee Schedule below for the specific fee breakdown. Elmsley Hall & Queens Park Building Double Double Single Single Meal Plan: 5 day 7 day 5 day 7 day Total Payment: $13,836 $14,655 $14,526 $15,345 First Deposit (Due at time of offer): $600 $600 $600 $600 Second Deposit (August 1st): $1,000 $1,000 $1,000 $1,000 First Installment (September 30th): $6,500 $6,500 $6,500 $6,500 Second Installment (November 30th): $5,736 $6,555 $6,426 $7,245 Sorbara Hall, Historic Houses & Brennan Hall Double Double Single Single Meal Plan: 5 day 7 day 5 day 7 day Total Payment: $14,213 $15,032 $14,904 $15,723 First Deposit (Due at time of offer): $600 $600 $600 $600 Second Deposit (August 1st): $1,000 $1,000 $1,000 $1,000 First Installment (September 30th): $6,500 $6,500 $6,500 $6,500 Second Installment (November 30th): $6,113 $6,932 $6,804 $7,623 *Additional $1,250 for rooms with ensuite washroom (limited supply) RESIDENCE FEE DUE DATES FOR 2019-2020 Date of Offer Acceptance – Deposit #1 of $600 is due at the time you accept your offer. This deposit must be paid through the online application and cannot be paid through ACORN/ROSI. August 1, 2019 – Deposit #2 of $1,000 is due. This deposit applies to all incoming residents, even those on OSAP or financial assistance. Failure to pay the second deposit by the due date will result in the cancellation of your room reservation, and your space will be offered to the next person on our wait list. September 30, 2019 – First installment is due for all residents. November 30, 2019 – Second installment is due for residents who have not officially deferred their fees on ROSI/ACORN. January 30, 2020 – Second installment is due for residents who have officially deferred their fees on ROSI/ACORN. The first and second installments of residence fees will be loaded onto your ACORN/ROSI account prior to Fall Term and can be paid in full. Check here for more information: http://www.fees.utoronto.ca/news/fee_payment.htm Students are responsible for monitoring their own ACORN/ROSI account balance; regular reminders are sent to your UTOR email. Late Payments A service charge of 1.5% compounded monthly (19.56% per annum) will be levied by UofT on the 15th of every month to the unpaid balance of the first installment commencing October 15th, 2019 and to the unpaid balance of the second installment commencing December 15th, 2019 until the entire residence account is paid in full. Incidental Fees Students who live in SMC Residence but are affiliated with an academic division other than SMC (i.e. Professional Faculties, Graduate Students, students from other Colleges, etc.) will be subject to the incidental fees that SMC students pay with their tuition. These fees are currently being reviewed and amounts are TBD. Fee Deferrals Student relying on OSAP or another government assistance program who wish to pay their second installment on January 30, 2020 (rather than November 30, 2019) must defer their fees on ACORN/ROSI by following the instructions here: http://www.artsci.utoronto.ca/current/forms-services/fee-deferral If you have successfully deferred your tuition fees, you have also deferred your residence fees. There is no separate deferral process for residence fees. Withdrawal Policy When you accept an offer of admission to residence you are agreeing to stay for the full 8-month term. Early withdrawal from residence comes with serious financial implications, so we recommend students accept their offer only if they are sure they want to live in residence. Withdrawal Penalty Schedule Date of Withdrawal Withdrawal Penalty Additional Charges Prior to August 1, 2019 $600 – forfeit of first deposit N/A August 1 – August 31, 2019 $1,600 – forfeit of first deposit ($600) & second deposit ($ 1,000) N/A August 31 – November 30, 2019 $3,100 – forfeit of first & second deposit ($1,600) plus early withdrawal fee of $1,500 Room & board from August 31 until date of move-out December 1, 2019 onward Students are responsible for all fees for the first and second semester in their entirety Students are responsible for all fees for the first and second semester in their entirety Withdrawal penalties are charged for any withdrawal reason, including but not limited to: eviction for disciplinary related infractions, a revoked Offer of Admission from the University of Toronto, decision to enroll at a different university or ceasing to attend the University of Toronto. Students who want to cancel or withdraw from Residence must do so in writing by emailing firstname.lastname@example.org. Please include your full name, student number and reason for cancelling.