hi. I'll be receiving entrance scholarship.
i heard if you want to use it as you please, meaning not only using it towards school.
mcmaster will refund it as a cheque? how do you get it as a cheque from the beginning, because i like to use it as i please, not only toward school. just go to mcmaster financial aid office and ask to refund it?

Originally Posted by banana93

hi. I'll be receiving entrance scholarship.
i heard if you want to use it as you please, meaning not only using it towards school.
mcmaster will refund it as a cheque? how do you get it as a cheque from the beginning, because i like to use it as i please, not only toward school. just go to mcmaster financial aid office and ask to refund it?

Have you paid for school already? Basically however you are paying for school, just pay less and use the entrance scholarship to pay for some of it to reduce paperwork. Then take that amount and pocket it.

You should see the amount of your entrance scholarship.

If you check the box next to it when confirming your payment agreement, that amount will be deducted from your tuition, meaning it was applied directly towards your tuition.

If you choose not to check that box, then it will not be deducted from your tuition, and instead credited into your student account, which you may receive a reimbursement cheque for later.

Originally Posted by Rayine

You should see the amount of your entrance scholarship.

If you check the box next to it when confirming your payment agreement, that amount will be deducted from your tuition, meaning it was applied directly towards your tuition.

If you choose not to check that box, then it will not be deducted from your tuition, and instead credited into your student account, which you may receive a reimbursement cheque for later.

I did not check that box. I will be receiving $1000. So I ca. Just pocket it? Without spendinh toward school at all )

Originally Posted by banana93

hi. I'll be receiving entrance scholarship.
i heard if you want to use it as you please, meaning not only using it towards school.
mcmaster will refund it as a cheque? how do you get it as a cheque from the beginning, because i like to use it as i please, not only toward school. just go to mcmaster financial aid office and ask to refund it?

It is possible to get it as a cheque; there might be a waiting period and you'll have to go to student accounts and cashiers and it will be kind of a pain.
It's much easier to just use it for tuition...I understand preferring to use it for whatever you want, but really, say tuition is $6000 and you have a $2000 scholarship...you pay $6000 now and get $2000 back later, or you just pay $4000 from the beginning, and you end up with the same amount of money in your bank account, to use "however you please". The only way it would make a difference is if you are receiving more funding than your tuition costs.

Edit: or if someone else is paying for your schooling. But then that's just selfish. Idk if that's the case for you, but it is another possibility.

You could email the student accounts and cashier office and request them to give you a cheque of the the amount the scholarship (if it's a credit in your student account).

Originally Posted by starfish

It is possible to get it as a cheque; there might be a waiting period and you'll have to go to student accounts and cashiers and it will be kind of a pain.
It's much easier to just use it for tuition...I understand preferring to use it for whatever you want, but really, say tuition is $6000 and you have a $2000 scholarship...you pay $6000 now and get $2000 back later, or you just pay $4000 from the beginning, and you end up with the same amount of money in your bank account, to use "however you please". The only way it would make a difference is if you are receiving more funding than your tuition costs.

Edit: or if someone else is paying for your schooling. But then that's just selfish. Idk if that's the case for you, but it is another possibility.

lol. thanks. I'm not being selfish though...my parents were just wondering if it's possible.

Kind of off topic, but wouldn't you have to end up paying the difference in tuition anyway? You can pocket your 1000 for personal use, but that just means you have to pay 1000 to the school, so it makes no difference? Not trying to say anything in particular, but just wondering if I'm missing something here.

Originally Posted by Quiver

Kind of off topic, but wouldn't you have to end up paying the difference in tuition anyway? You can pocket your 1000 for personal use, but that just means you have to pay 1000 to the school, so it makes no difference? Not trying to say anything in particular, but just wondering if I'm missing something here.

nono. you are absolutely correct. I was thinking of transferring the scholarship into my student account, not my tuition fee. Hence if there are any leftovers in my student account after buying textbooks,,,,ect, then I can pocket it. Nothing that intresting ~3~

But you will have to wait sometime , probably not until October after they are done handling their main business with everyone's account. So using that money to pay off your books wouldn't really happen. Call them today and find out how long you would have to wait. But Im sure its not in time for books since they usually mail the cheque and not just credit it to your account. I forgot which funding it was but I remember one of them (osap, bursary , some scholarship I dunno) was at least by second semester if you didn't pay your tuition it would automatically go to that.

Originally Posted by banana93

nono. you are absolutely correct. I was thinking of transferring the scholarship into my student account, not my tuition fee. Hence if there are any leftovers in my student account after buying textbooks,,,,ect, then I can pocket it. Nothing that intresting ~3~

It still doesn't make a difference then...there's extra that you can "pocket" but you still ended up paying $1000 "extra" for tuition. Whether that $1000 goes towards tuition or towards books + your bank account, there's no net difference to you, provided the $1000 going towards tuition comes out of your account as well.
It's possible to get the cheque, but it's a pain to do, and it seems like a lot of work for nothing.

Have your parents pay the full tuition amount listed at the top right of payment agreement. The scholarship will remain in your account and you can have it sent as a cheque to you, that's what I do.

Originally Posted by MacPack

But you will have to wait sometime , probably not until October after they are done handling their main business with everyone's account. So using that money to pay off your books wouldn't really happen. Call them today and find out how long you would have to wait. But Im sure its not in time for books since they usually mail the cheque and not just credit it to your account. I forgot which funding it was but I remember one of them (osap, bursary , some scholarship I dunno) was at least by second semester if you didn't pay your tuition it would automatically go to that.

I always get the cheque mailed to me and it only ever takes a few days?

That during downtime . He/she might get lucky thats why i said to call. when i went to get money back (overpaid something) they are like we are busy right now come back in two weeks or so