Amateur licensing process and prices for small university theatre group?

We are a student theatre group at Huron University college in London, ON, interested in performing company this in February (Shows Feb. 2 - 4). I was wondeirng if I could obtain some more specific information with regards to pricing and payments. What exactly woudl we be paying for besides show royalties? Would we be able to get a specific quote from MTI? How/when woudl we be expected to make a payment for the liscencing? How long would it take to find out about our liscensing status (approval/disapproval) after submitting a request?