I want to drop my full year course. When is the last day for dropping without losing any money? I checked the sessional dates on the McMaster website and it only said "Last day for dropping without default failure"

Any help is appreciated!

Taken from the Registrar's website:

The last day to drop term 3 courses without financial penalty is September 21, 2009.
The last day to cancel term 3 courses without academic penalty is March 5, 2010.

Thanks.

But I dropped the term 3 class today (and picked up two term 2 classes) and I don't owe any money.
That's odd.

Originally Posted by Kathy2

Thanks.

But I dropped the term 3 class today (and picked up two term 2 classes) and I don't owe any money.
That's odd.

Did you check your student account? It might also take a couple days to process.

At any case, you don't lose ALL of the cost of the term 3 course:

http://www.mcmaster.ca/bms/student/p...ncellation.pdf

It turns out I was charged for a bit of the course.

NEW QUESTION !!

How long do I have until I have to pay it off? Will I get a late-fee after a certain amount of time?

Originally Posted by Kathy2

It turns out I was charged for a bit of the course.

NEW QUESTION !!

How long do I have until I have to pay it off? Will I get a late-fee after a certain amount of time?

The amount you get charged is automatically deducted from the amount you paid for the course.

So, if you paid 500$ for a course and the charge is 20%, you will only get 400$ back.

If you check your Student Account (MUGSI -> My Student Accounts & Cashiers -> Student Account) you should see a negative amount. That means the university owes you money.

Originally Posted by jhan523

The amount you get charged is automatically deducted from the amount you paid for the course.

So, if you paid 500$ for a course and the charge is 20%, you will only get 400$ back.

If you check your Student Account (MUGSI -> My Student Accounts & Cashiers -> Student Account) you should see a negative amount. That means the university owes you money.

But I picked up more courses after I dropped it. I dropped a full year course (6 units), and picked up 2 courses in term 2 (3 units each, 6 units total).

My student account says:

OPENING BALANCE 196.67
STUDENT ACCOUNT BALANCE 196.67


I assume this means I owe $196.67.

Originally Posted by Kathy2

But I picked up more courses after I dropped it. I dropped a full year course (6 units), and picked up 2 courses in term 2 (3 units each, 6 units total).

My student account says:

OPENING BALANCE 196.67
STUDENT ACCOUNT BALANCE 196.67


I assume this means I owe $196.67.

Ah yes, that is correct.

Interest is always calculated at the end of each month. So you have until Oct 31st to pay off the debt before it accrues interest. (1.2% per month).

Alrighty, thanks! I'll pay it this weekend.