PayMyTuition

The University of Guelph has partnered with PayMyTuition on a multiphase project that aims to increase payment flexibility for students and simplify the refund process.    

In February 2021, the first phase of the project was launched, providing a new payment option for international tuition payments. Through the PayMyTuition dashboard, students can make international tuition payments from any bank, in any country, with any currency at better than bank exchange rates. Payments are applied directly to their student account as a result of PayMyTuition’s integration with Colleague.   

The second phase of the project was rolled out in May 2021 and led to significant improvements to the refund process for both international and domestic students. Domestic refunds are now issued through Interac e-Transfer. International refunds are processed through the PayMyTuition dashboard, and students can deposit their refund into any international bank, in any currency. The new process is fully integrated with Colleague.   

The implementation of PayMyTuition brings numerous benefits to students and the University:   

Benefits for Students: 

• More international payment options, including international bank transfers, credit cards, bill payments, e-transfers and e-wallet payments  
• Competitive exchange rates (students save 3-7%) 
• Faster processing times for both payments and refunds 
• Real-time status updates about payment processing  

Benefits for the University:  

• Faster and more efficient processing  
• Enhanced security (PayMyTuition is FINTRAC regulated) 
• Reduced risk (PCI compliant and PII retention)