When? It doesn't say anything on my account about it. Like nothing in the awards and scholarships I'm eligible for.

Should I be concerned?

You mean in the payment agreement? When in doubt just call financial office.

last year in the payment agreement we checked off a box for entrance scholarship and it deducted the amount we pay on the spot. i assume its still the same.

I received an email from McMaster today saying that my second semester marks met the admissions criteria. The email also had information on the value of my entrance scholarship.