UBC is strongly committed to ensuring accessibility for domestic students.
Policy LR10 was created to ensure that UBC is financially accessible to all domestic students and that domestic students are not prevented from starting or continuing their studies for financial reasons.
UBC created its policy on financial support, called Policy LR10, to ensure that UBC’s financial assistance programs and services meet the goal of making the University financially accessible to domestic students. Policy LR10 has three guiding principles:
Funding the students who need it most
Many students would like to be considered for some kind of financial support. It’s up to UBC to figure out who needs support and how much each student needs to receive, and then to place the priority on funding students who need it most. Policy LR10 helps us make those decisions.
Have all students contribute
For many years, UBC students have strongly endorsed two practices: designating an amount of every student’s tuition to fund financial support for all (called the tuition pool) and sharing that financial support across programs in a way that ensures that funds are spent where they will do the most good.
Ensure financial support is sustainable
UBC has significant funds available for student support, but they are not endless and they must be spent responsibly. Programs with higher fees have limits on the amount of support their students can draw from the central tuition pool; this ensures that students in all programs can access funding fairly.
In addition to the tuition pool, financial support is available from private donations. Faculties fundraise to increase the amount of support available specifically to their students.