Urban Academy Tuition and Fees

When you come to Urban Academy, you're investing in the best possible education for your child. We recognize that this is a critical decision for you and your family, and careful thought has gone into creating a fee structure that is responsible and accessible for families, but also provides an excellent education.

how we structure fees

At Urban Academy, we pride ourselves on being able to offer families access to some of the finest education available, for a cost that is as accessible as possible. Tuition fees are set and announced early January for the school year beginning in September.

Please take a look at the following documents for more detailed information regarding our pricing and fee payment schedules. Tuition is collected – either in full or ten post-dated cheques – on June 1st prior to the September that your child begins at Urban Academy.

Junior Kindergarten Fees and Payment Structure

There are two options to pay your fees: either in full or in monthly installments.

1. Payment in Full Up-Front

Programs 1st Child 5% off 2nd Child 10% off 3rd + Child
3-Day Program $8,920 $8,474 $8,028
4-Day Program $9,450 $8,978 $8,505
5-Day Program $10,000 $9,500 $9,000

2. 10 Monthly Installments (5% Surcharge)

Programs 1st Child 5% off 2nd Child 10% off 3rd + Child
3-Day Program $9,366 $8,898 $8,429
4-Day Program $9,923 $9,426 $8,930
5-Day Program $10,500 $9,975 $9,450

PARENT EQUITY PROGRAM:
Upon admission, Urban Academy requires parents to take part in the Parent Equity Program.

For students in Junior Kindergarten, this financial commitment is $5,000 per child (up to two children). For students in Kindergarten to Grade 12, this financial commitment is $20,000 per child (up to two children). Parent Equity Units are refunded within 120 days once the student(s) are no longer enrolled at Urban Academy. The program was implemented in 2005 and allowed us to purchase our current properties.

OTHER FEES:

  • New Family Application Fee: $250 per student. Applications will not be accepted without this non-refundable fee.
  • Re-Registration Fee: $150 per student due in February when re-registering for the following year. Re-registration will not be accepted without this non-refundable fee.
  • Consolidated Fee: The Consolidated fee for JK students is $750 and is due within two weeks of acceptance. It combines the Facilities Fee, Text Book & Resource Fee, Field Trip, Special Events and School Supplies Fee. The Consolidated Fee is non-refundable. Uniforms, Out-of-School Care, and other miscellaneous fees are additional.

PAYMENT OPTIONS: Visa, MasterCard, post-dated personal or company cheques. Late payments and NSF cheques will result in a $25 service charge per incident. Credit card payments will be charged a 2% administration fee.

SIBLINGS: Currently enrolled families with an additional sibling will be given priority to move through the admissions process. Urban Academy offers a sibling discount program for primary or blended families with a shared parent. There is a 5% discount for a second child and a 10% discount for a third child. The discount is applied in chronological order, starting with the oldest child as the full pay student, the next oldest would be a 5% discount of the chosen plan, and the youngest would be a 10% discount of the chosen plan. Any additional children thereafter would also receive a 10% discount.

Tuition Fees are dependent upon receiving the per student operating grant from the Province of BC. Should this operating grant be eliminated or reduced, fees will be increased to cover the amount of the grant shortfall.

K - 12 Fees and Payment Structure

There are two options to pay your fees: either in full or in monthly installments.

1. Payment in Full Up-Front

Programs 1st Child 5% off 2nd Child 10% off 3rd + Child
K – Gr. 5 $8,900 $8,455 $8,010
Gr. 6 – Gr. 9 $10,700 $10,165 $9,630
Gr. 10 – Gr. 12 $12,500 $11,875 $11,250

2. 10 Monthly Installments (5% Surcharge)

Programs 1st Child 5% off 2nd Child 10% off 3rd + Child
K – Gr. 5 $9,345 $8,878 $8,410
Gr. 6 – Gr. 9 $11,235 $10,673 $10,112
Gr. 10 – Gr. 12 $13,125 $12,469 $11,813

PARENT EQUITY PROGRAM:
Upon admission, Urban Academy requires parents to take part in the Parent Equity Program.

For students in Kindergarten to Grade 12, this financial commitment is $20,000 per child (up to two children). For students in Junior Kindergarten, this financial commitment is $5,000 per child (up to two children). Parent Equity Units are refunded within 120 days once the student(s) are no longer enrolled at Urban Academy. The program was implemented in 2005 and allowed us to purchase our current properties.

OTHER FEES:

  • New Family Application Fee: $250 per student. Applications will not be accepted without this non-refundable fee.
  • Re-Registration Fee: $150 per student due in February for the following year. Re-registration will not be accepted without this non-refundable fee.
  • Uniforms, Out-of-School Care, and other miscellaneous fees are additional.

CONSOLIDATED FEE: The non-refundable Consolidated Fee is due on February 28th, or after that date within two weeks of acceptance. It includes the Facilities Fee, Text Book & Technology Fee, and Field Trip and Special Events Fees. The consolidated fee for Grades JK- Grade 5 also includes school supplies. As courses vary for middle and high school students, a separate school supply list will be distributed in advance of the start of the school year.
Fees vary by grade as follows:

  • JK: $750
  • Kindergarten: $850
  • Grades 1 to 7: $850
  • Grades 8 to 12: $875

SIBLINGS: Currently enrolled families with an additional sibling will be given priority to move through the admissions process. Urban Academy offers a sibling discount program for primary or blended families with a shared parent. There is a 5% discount for a second child and a 10% discount for a third child. The discount is applied in chronological order, starting with the oldest child as the full pay student, the next oldest would be a 5% discount of the chosen plan, and the youngest would be a 10% discount of the chosen plan. Any additional children thereafter would also receive a 10% discount.

PAYMENT OPTIONS: Visa, MasterCard, post-dated personal or company cheques. Late payments and NSF cheques will result in a $25 service charge per incident. Credit card payments will be charged a 2% administration fee.

Tuition Fees are dependent upon receiving the per student operating grant from the Province of BC. Should this operating grant be eliminated or reduced, fees will be increased to cover the amount of the grant shortfall.

International Student Fees and Payment Structure

  • Junior Kindergarten: $15,000
  • Kindergarten to Grade 12: $18,395

Due Dates: Full payment of tuition and consolidated fees (listed below) is due within two weeks of acceptance. These fees are non-refundable. The only case in which tuition is refundable is if the student visa has been denied. In such cases, the denial letter must be submitted to the school for proof of denial.

Payment Options: Visa, MasterCard, personal or company cheques, or wire transfer. Late payments or NSF cheques will result in a $25 service charge per incident. Please note that a 2% administration fee will be applied for credit card payments.

Application Fee: $250 per new student. Applications will not be accepted without this nonrefundable fee.

Re-Registration Fee: $150 per student. Due upon receipt of contract for students returning in the second and subsequent years. This fee is non-refundable.

Consolidated Fee: (due annually, non-refundable, and includes the Facilities Fee, Text Book & Technology Fee, and Field Trip and Special Events Fees. The consolidated fee for JK to Grade 5 also includes school supplies. As courses vary for middle and high school students, a separate school supply list will be distributed in advance of the start of the school year):

  • JK: $750
  • Kindergarten: $850
  • Grades 1 to 7: $850
  • Grades 8 to 12: $875

Siblings: Families currently registered at Urban Academy are given first priority for registration for the upcoming school year. Urban Academy offers a sibling discount program for primary or blended families with a shared parent. A reduction of 5% will be applied for the first sibling and 10% for the second.

APPLICATION PROCESS: 7 Easy Steps

1. Complete and submit the application package

This includes the International Student Application Form as well as supporting documents (application fee, copy of passport, copy of student visa (if available) and official transcripts (translated into English by Official Translator) for the current year and past two years if possible. If a second transcript is not available, a letter of reference from a teacher (translated into English) is acceptable. Photocopies of transcripts and school records must be certified with a school stamp. Failure to comply will result in a delay or the application not being processed).

2. Urban Academy screens applicants

Applicant is screened by the Head of School. Acceptance is based on overall educational background, academic achievement, English proficiency, and the number of spots available. Students will be placed into the appropriate grade upon review of the student’s age and transcripts at the sole discretion of the Head of School. (If the student and his or her family are in Canada when the application is submitted, an interview will be scheduled with the Head of School as part of the admissions process. If the student and his or her family are not in Canada, we will hold a Skype meeting instead. After the interview, the student will have a full-day visit day in the appropriate class during which the student will be assessed.)

3. Receive notice of acceptance

If acceptance is granted, an acceptance letter and invoice will be sent to you, and payment will be due within two weeks of the acceptance date. Space will only be held for two weeks.

4. Pay tuition

Pay your tuition and fees (by cheque, Visa/MC, or wire transfer).

5. Receive formal acceptance

Once we receive tuition, you will receive a formal letter of acceptance and payment confirmation, which the embassy requires to process a visa.

6. Apply to the Canadian Embassy, Consulate, or High Commission for Study Permit

Approval may take 6-12 weeks to process. The event of a visa denial is the only instance in which the tuition and consolidated fees are fully refundable.

7. Celebrate!

Once your visa is accepted, it will be time to celebrate and look forward to giving your child an incredible education experience on Canada’s West Coast.

parent equity builds UA

Parent Equity Unit Program

As part of the enrollment process, families are required to purchase Parent Equity Units worth $5,000 each. Families of students in Kindergarten to Grade 12 are responsible for purchasing four (4) Parent Equity (PE) Units for a total of $20,000 per child, up to two children. Families of students in Junior Kindergarten are responsible for purchasing one (1) PE Unit. When the child enrolls in Kindergarten, the remaining three (3) PE Units must be purchased. The intent and purpose for the program is to allow Urban Academy to own its own facility. Parent Equity is returned 120 days of the child no longer being enrolled in Urban Academy. PE Units are collected on May 1st prior to the September that your child(ren) begins school.

This program has allowed Urban Academy to purchase and operate out of historic Robson Manor, and to grow and expand with the development of our school. The program ensures that our offering is enhanced by our physical space and helps us to keep tuition fees as accessible as possible.

We acknowledge that families may not have this capital on hand to invest outright. As such, we encourage families to meet with their own financial institutions to secure financing for the program. Urban Academy has also established a relationship with Envision Financial Willoughby Branch to offer our families an interest-only line of credit for the $20,000 investment. Parents enter into a relationship with Envision, with interest rates starting at prime plus 1%. This amounts to approximately $67 per month on top of tuition. Further information on this program is outlined in the: Envision Financial Offer Letter

Please note that interest rates will vary depending on each unique financial situation, and is established between your family and the financial institution of your choice.

Why is The School Using a Parent Equity Program?

As Urban Academy is a non-profit society, banks will only lend a small portion of funds required for a real-estate purchase. As a result, to purchase a building, Urban Academy selected the PE Program rather than a significant increase to tuition.

What is a Parent Equity Program?

The Board of Directors at Urban Academy has instituted a Parent Equity Program that has enabled the School to purchase Robson Manor in Queen’s Park as its permanent site. It is a financial instrument by which the Securities Act provides a means for non-profit societies to raise funds. In short, each family is required to pay $20,000 per child in Kindergarten to Grade 12 (to a maximum of 2 children) for the time that the child is enrolled in Urban Academy. For Junior Kindergarten, each family is asked to pay $5,000 per child (up to 2 children). The sum (without interest) will then be returned to the family after the child is no longer enrolled as a student. We have set up an interest-only loan program at prime + 1% through our partners, Envision Financial for this program.

How Does It Work?

As each student is enrolled in Kindergarten and above, four (4) Urban Academy Society Parent Equity Units (PE Unit), each with a value of $5,000, are purchased on the student’s behalf. The PE Units may be purchased by an individual (parent, grandparent, sponsor etc.), a trust, or a limited company on behalf of the student for a total of a $20,000 investment per child, up to two children.

Parents of children enrolling in Junior Kindergarten are responsible for purchasing one (1) PE Unit at $5,000, and then purchasing the balance of the other three units at $15,000 the May prior to beginning Kindergarten, for a total of $20,000.

PE Units are due in May prior to the September school start. If your child enrolls after May, PE Units will be due within four weeks of your child’s acceptance. The PE Units remain on deposit with Urban Academy while the student is enrolled in the school, and will be paid out 120 days after the student leaves the school. The PE Units are redeemable at full face value 120 days after the student withdraws from the school for any reason.

The PE program is universal for all children in the school. There are no discounts for siblings, staff, or those receiving tuition assistance.

Is My Money At Risk?

The funds are effectively invested in property, except for a small portion left in the bank as a cash reserve for students who may leave mid-year. As long as the value of the property is the same or greater and the school continues to run surpluses as it has over the last number of years, the risk of loss is minimal.

assisting your goals

Helping Offset Tuition Costs

We take pride in making amazing education accessible. Tuition assistance is available to current and new families of students applying for Kindergarten – Grade 12. Families seeking tuition assistance must file an application through the Independent School Management Financial Aid for School Tuition (FAST) Program. All applications must be completed online by the end of January for the following school year. Tuition assistance (up to 50% of tuition) is determined based on financial need. Applicants will be notified of their assistance level granted by mid February.

FAST Processing

FAST provides Urban Academy a need-based financial aid analysis service which ensures that our process for establishing financial need adheres to nationally established standards of best practice. All information from FAST is kept confidential, as is all information pertaining to a family’s financial aid request.

The FAST program is designed to be very responsive to our families and allowing families to represent their own particular circumstances more accurately. To support the online application process, FAST provides 24/7 help desk support. Although the majority of funds are distributed in the first round of applications (January 31st deadline), families are still able to apply for tuition assistance until May 1st for review, and the allocation of funds will be completed by mid May.

Financial aid grants are made for one year at a time, so you apply for each year you require assistance. The application process is self-guided, and you may navigate in and out of the program, allowing you to partially complete an application and go back to it at another time. There is also a 24/7 helpline or email for any questions you may have. The charge for the application is $38 USD, to be paid by credit card at the end of the session.

After completing the online application, you will be required to mail your tax returns with all schedules and T4’s and any available tax slips to:

FAST Processing
ISM
1316 North Union Street
Wilmington DE 19806-2594

Including the school’s name on the outside of the envelope will ensure faster processing of your application. Pre-addressed envelopes are available from the Urban Academy office.

Financial aid notification for returning students will be sent out in February. Our goal is to have an award determination made by the time re-enrollment letters of intent are required on the last day of February. Because financial aid funds are limited and demand is high, late filing of materials may result in non-renewal of tuition assistance. If you require more information or assistance, please contact UA Administration at (604) 524-2211 or admin@urbanacademy.ca.

 

 

The right education takes your child from remembering and reciting to knowing and understanding.

Stop imagining. Start achieving.

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