I am sorry if someone already asked a similar question but:

You know how the everything needs to be paid to the University by Sep. 1st.
If the fees are late what happens.

They told us that if the fees are late you have a fine of $35. I was wondering, if thats all? Does the fine get compunded or something like that?

Thank You

You get the fine and you are charged interest on everything you owe mac (interest is about 1.2% per month or 14.4% per year).

I'm pretty sure that's just the fee, but don't forget the 1.2 % interest per motnh as well!

Originally Posted by Fa11enAnge1

I am sorry if someone already asked a similar question but:

You know how the everything needs to be paid to the University by Sep. 1st.
If the fees are late what happens.

They told us that if the fees are late you have a fine of $35. I was wondering, if thats all? Does the fine get compunded or something like that?

Thank You

I think interest gets charged as well, but I might be wrong. Interest is usually calculated at the end of each month. August doesn't count.

Originally Posted by Fa11enAnge1

I am sorry if someone already asked a similar question but:

You know how the everything needs to be paid to the University by Sep. 1st.
If the fees are late what happens.

They told us that if the fees are late you have a fine of $35. I was wondering, if thats all? Does the fine get compunded or something like that?

Thank You

You get the fine, and as far as I can see from my looking around, that's it (except for interest on your balance).

If you don't pay your balance by April 15, you are flagged and you are restricted from your grades, diplomas, transcripts, and future registrations.

http://www.mcmaster.ca/bms/student/p...eadlines.p df

Thank You all =)