Other Fee Payment Options (Education Savings Plans)

You may pay tuition and other fees from a Canadian or U.S. educational savings plan.

  • If you require a Confirmation of Enrolment/Registration letter or form, you should plan sufficient time to arrange to pay your fees by the payment deadlines for each session.

    If your RESP plan will pay you so that you can pay for your University of Toronto fees, you are responsible for paying your fees before the payment deadlines.

    If your RESP plan will pay the University of Toronto directly for your fees, the cheque payable to the ‘University of Toronto’ should be attached to your ACORN invoice and sent by mail to:

    Student Receivables & Accounting Office
    215 Huron Street, 3rd floor
    Toronto, Ontario, Canada
    M5S 1A2

    All payments must be accompanied by the student’s name, student number and (if possible) the student’s program of study, or ACORN invoice, so that we can record it in your ACORN account.

  • Learn about 529 College Savings Plans

    The University of Toronto is a Title IV eligible institution that participates in the William D. Ford Federal Direct Loan student aid program administered by the U.S. Department of Education, and an eligible recipient institution for the 529 College Savings Plan.

    For eligible University of Toronto programs and institutions, view Assistance for U.S. Students: Federal Direct Loan Eligibility and Application Process.

    There may be a penalty for withdrawing 529 College Savings plan funds for an ineligible program or institution.

    • Questions regarding ineligible programs can be directed to usa.financialaid@utoronto.ca or call 416-978-2190.
    • Students registered at ineligible colleges (St. Michael’s, Trinity or Victoria) should contact the college registrar’s office to request a transfer to an eligible college.

    Funding Distribution Process

    You may need a Confirmation of Enrolment letter to begin the funding distribution process:

    If requested by your state college plan administrator, the University of Toronto’s Federal School code is G06688.

    If your 529 College Saving plan will pay to the University of Toronto directly, the cheque payable to the ‘University of Toronto’ should be attached to your ACORN invoice and sent by mail to:

    Student Receivables & Accounting Office
    215 Huron Street, 3rd floor
    Toronto, Ontario, Canada
    M5S 1A2

    All payments must be accompanied by the student’s name, student number and (if possible) the student’s program of study, or ACORN invoice, so that we can record the payment in your ACORN account.

    Make a 529 College Savings Plan Arrangement with Student Receivables & Accounting Office if you are paying from the Florida Prepaid College Plans, Michigan Education Trust or the Texas Guaranteed Tuition Plan.

    You are eligible for a tuition fee deferral (register without payment) on the basis of  529 College Savings Plan arrangement if all of the following conditions apply:

    • You or the 529 College Savings Plan administrator has paid for prior session fees,
    • 529 College Savings Plan will pay a portion of current session tuition fees that exceeds the minimum required payment (Fall term tuition fee total for Fall-Winter session or 50% of Summer tuition fee total for Summer session)
    • you submit your state Prepaid College Plan Third Party Billing Notice for a tuition fee deferral request to the Student Receivables & Accounting Office prior to your division’s Fall-Winter session Pay or Defer to Register deadline or Summer session Pay or Defer to Register deadline.

    Step 1:  Email a copy of your state College Plan Third Party Billing Notice along with your ACORN invoice to:

    maria.moscon@utoronto.ca or fax to 416-978-2610.

    Step 2:  The Student Receivables & Accounting Office must match your ACORN invoice with the College Plan Third Party Billing Notice in order to record the Third Party Sponsorship deferral and complete your registration.

    Step 3:  Check ACORN to confirm that your registration status has changed from ‘Invited to Register’ to ‘Registered’.

    Pay your tuition with Other 529 College Savings Plans

    If you require a Confirmation of Enrolment/Registration letter or form, you should plan sufficient time to arrange to pay your fees by the payment deadlines for each session.  A small administrative fee may be charged.

    If your 529 College Savings plan will pay you so that you can pay for your University of Toronto fees, you are responsible for paying your fees before the payment deadlines.

    If your 529 College Savings plan will pay the University of Toronto directly for your fees, the cheque payable to the ‘University of Toronto’ should be attached to your ACORN invoice and sent by mail to:

    Student Receivables & Acctg Office
    215 Huron Street, 3rd floor
    Toronto, Ontario, Canada
    M5S 1A2

    All payments must be accompanied by the student’s name, student number and (if possible) the student’s program of study, or ACORN invoice, so that we can record it in your ACORN account.

  • Fall-Winter Payment Schedule

    If you have made a 529 College Savings Plan arrangement with the Student Receivables & Acctg Office, you responsible for:

    1. Monitoring your ACORN invoice to ensure that the 529 College Savings Plan has paid
    2. Paying for fees that are not paid by the 529 College Savings Plan.  Your payment deadline is April 30thfor Fall-Winter session.

    Student Receivables & Acctg  will submit an invoice to your state Plan Administrator (in November).

    Fall-Winter Payment Schedule for Students Registered with a 529 College Savings Plan Deferral
    April 30, 2021 Deadline to pay for full payment of Fall-Winter Session Tuition & Non-Tuition fee amounts
    April 30, 2021 Final deadline for full payment of Fall-Winter session Tuition & Non-Tuition fees to avoid the recording of an ACORN financial hold on May 1, 2021, and ineligibility to register for future session(s).
    May 17, 2021 First monthly service charge billing date for unpaid Fall-Winter Tuition & Non-Tuition fee amounts

    Summer Payment Schedule

    If you have made a 529 College Savings Plan arrangement with the Student Receivables & Acctg Office, you’ responsible for:

    1. a) Monitoring your ACORN invoice to ensure that the 529 College Savings Plan has paid
    2. b) Paying for fees that are not paid by the 529 College Savings Plan.  Your payment deadline is August 31st for Summer session.

    Student Receivables & Acctg will submit an invoice to your state Plan Administrator in June (for Summer session).

    Summer Payment Schedule for Students Registered with a 529 College Savings Plan Deferral
    August 31, 2021 Deadline to pay for Summer Session Tuition & Non-Tuition fee amounts
    August 31, 2021 Final deadline for full payment of Summer session Tuition & Non-Tuition fees to avoid the recording of an ACORN financial hold on September 1, 2021, and ineligibility to register for future session(s). * Some programs may require an earlier deadline to pay Summer session fees to register for Fall-Winter session.
    September 15, 2021 First monthly service charge billing date for unpaid Summer Tuition & Non-Tuition fee amounts