Rotman Commerce Fees
Please review the Tuition Information on the Student Accounts web site for the session in which you will be taking courses. Within each session, under Tuition & Other Fees, particular note should be made of the links for ”Divisional Tuition Fee & Refund Schedules” and ”Course Changes: Tuition Adjustments’‘.
If you are enrolled in a commerce subject POSt, you must pay deregulated academic fees until you complete all courses taken as a degree student in the Faculty of Arts & Science (which may include those taken after your subject POSt requirements have been completed). Enrolment in these subject POSts means that you will be charged the academic fees which are associated with the subject POSts.
Students enrolled in commerce subject POSts pay deregulated academic fees regardless of the session of their admission to the Faculty of Arts & Science as a degree student. The fee structure is the same for both specialist and major subject POSts in commerce.
Please note: students enrolled in Rotman Commerce cannot enrol in more than 6.0 courses in the fall-winter sessions.
Fees by Subject POSt: Method of Assessment: Program Fees or Course Fees
Rotman Commerce students’ fall-winter session fees will be calculated by one of two methods:
- If your course load is 3.0 full-course equivalents (FCE’s) or more, you are classified as a full-time student for purposes of fee determination, and pay a single program fee.
- If your course load is less than 3.0 FCE’s, you are classified as a part-time student for purposes of fee determination. Your fees will be calculated on a per-course basis. The course fee for 1.0 FCE’s is calculated as 1/5 of the program fee.
The deregulated academic fee does not include incidental or ancillary fees (see below for details). Academic, incidental and ancillary fees for the fall-winter sessions may be found on the Student Accounts web site. Note that tuition fees for future sessions are subject to change.
Students are charged deregulated academic fees as soon as they accept enrolment in a subject POSt which is associated with that type of fee. The normal entry point into a subject POSt is the session following the session in which you complete your fourth full-course equivalent. If you are invited to, and enrol in, a subject POSt with deregulated fees at a later point, you will be charged retroactively for all courses completed after the session in which you earned your fourth full-course equivalent.
Students admitted with transfer credits will be charged the deregulated academic fee immediately if four or more transfer credits (full-course equivalents) are granted. If transfer credits assessed are less than four, the subject POSt fee will be assessed at the normal entry point into the program.
Fall 2015: Important notice regarding Rotman Commerce Tuition Fees
Starting in the 2015-16 fall/winter session, the Faculty of Arts & Science is making changes to the course loads that will affect how fees for Arts & Science students will be calculated.
However, the course loads used to calculate the fees paid by Rotman Commerce students will NOT be affected by the new changes for Arts & Science students
Once a student enrols in a Rotman Commerce Subject Post, their fees will still be calculated using the following courses loads:
- Rotman Commerce Program fee: 3.0 to 6.0 FCEs (studying on a fulltime basis)
- Rotman Commerce Per-course fee: 0.5 to 2.5 FCEs (studying on a part time basis)
For further information and details on Rotman Commerce fees, please see www.artsci.utoronto.ca/current/course/timetable/1516_fw/dereg-fees-commerce-ctep.
To view the Faculty of Arts & Science changes, please visit www.artsci.utoronto.ca/current/course/timetable/1516_fw/step-6#fees_assessment.
Full-time students paying deregulated academic fees follow a refund schedule by program, and part-time students paying the deregulated fees follow a refund schedule by course. The refund schedules appear on the Student Accounts web site.
Full/Part-time Status Changes
Note: Students enrolled in the program are expected to pursue the program on a full-time basis in the fall-winter sessions (see above).
Up to the end of the fall session 100% refund period in late September (see Student Accounts for the exact date), if you add and cancel courses, your full/part-time status is automatically recalculated by ROSI and your fees are adjusted accordingly. After the last day to add F or Y courses, however, your status in the fall-winter session as full- or part-time is frozen. If you decide to add or cancel enough courses to change your status from full- to part-time or part- to full-time up to the last day to add an S section code course, you must talk to a counsellor in the Rotman Commerce Office to have your status changed on ROSI manually and your fees adjusted accordingly. Any changes made after the last day to add an S section code course will not affect your fees calculation.
It is important for you to determine at an early stage whether your status will be full-time or part-time. Because of the way the refund schedules work, changes from full- to part-time status after the 100% refund period in late September will result in a higher fee assessment than if you started the session as a part-time student with the same course enrolments.
Fee Assessments for Fall-Winter Sessions
Proper fees assessment is dependent on your enrolment in an associated subject POSt. You should check your fees balance on the SWS after you have enrolled in the program and enrolled in courses. Whether you added courses and then enrolled in one of the subject POSts with higher fees, or you enrolled in the program and then added courses, you should check the SWS for your balance and pay this as soon as possible after you have enrolled in a subject POSt with higher fees.
Fee Calculation in the Summer Session
Summer session course fees are calculated at this rate: each summer full-course equivalent (FCE) costs 1/5 of the program fee for the upcoming fall-winter session. Students with a course load of 1.5 or more will be classified as full-time students and pay full-time incidental fees. Students with 1.0 FCE or less will be classified as part-time students, and pay part-time incidental fees.
If you are enrolled in summer session courses and enrol in a subject POSt with deregulated academic fees for the first time in July or later, your summer fees will be reassessed and be calculated at 1/5 of the upcoming Fall-Winter program fee per course. You should check the SWS for your adjusted balance after you have enrolled in the subject POSt—pay this amount as soon as possible, even if the amount does not agree with the amount you originally viewed on ROSI.
Withdrawing from a Rotman Commerce Subject Post: Students Currently Enrolled
If you decide to withdraw from a Rotman Commerce subject POSt, the calculation of deregulated academic fees for the ‘current’ session will be completely reversed if the withdrawal occurs by the appropriate deadline for the courses you’re enrolled in:
- Summer Session:
- By mid-May if enrolled in at least one F/Y section code course in the summer session
- By early-July if enrolled in ONLY S section code courses in the summer session
- Fall-Winter Session:
- By mid-September if enrolled in at least one F/Y section code course in the fall-winter sessions
- By mid-January if enrolled in ONLY S section code courses in the winter session
Withdrawals after the dates specified above DO NOT result in fees adjustment.
** Please check the specific dates for each session on Student Accounts, and see explanation on the Faculty of Arts & Science website.
You will be required to cancel all 200+ series courses in RSM. If you do not do so, you will be removed from the courses by the Faculty.
Withdrawing from the subject POSt: students enrolling for the first time this year
If you are invited to, and enrol in, a Rotman Commerce subject POSt, you will be charged retroactively for all sessions in which you completed courses beyond your fourth full-course equivalent. If you withdraw from the subject POSt, the deregulated fees for those sessions will be completely reversed if the withdrawal occurs by the appropriate deadline for the courses you’re enrolled in:
- If you enrol between early-July and mid-September, retroactive charges to sessions including the summer session will be completely reversed if you withdraw by early-December.
- ‘Current’ session fees will be readjusted according to the schedule listed in the previous column in “Withdrawing from the subject POSt: students currently enrolled”
Please note that you MUST NOT enrol in a commerce subject POSts prior to the end of June. If you do so, you will not be eligible to have retroactive charges for the summer session reversed if you decide to withdraw subsequently.
Incidental and Ancillary Fees
These fees vary depending on your program, full/part-time status, college affiliation, and courses taken. Students are charged incidental fees for sessions in which they are charged academic fees. Full-time students are charged academic fees for both fall and winter sessions; therefore, they pay incidental fees for both sessions. Part-time students, however, may not be charged academic fees in both sessions and would only pay incidental fees for sessions in which they are charged academic fees. Please check the Student Accounts web site for updated fees amounts.