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Old 08-23-2010 at 06:50 PM   #1
Reda
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payment
can i pay for each simester indivedualy individually , like pay 3500 now and 3500 before simester 2 or i have to pay for the whole year before sept 1st
Old 08-23-2010 at 06:53 PM   #2
nerual
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Quote:
Originally Posted by Reda View Post
can i pay for each simester indivedualy individually , like pay 3500 now and 3500 before simester 2 or i have to pay for the whole year before sept 1st
Depends on your payment plan. If it's "payment in full" you have to pay for the entire year before sept 1. If you selected another plan, then read the details of that plan (it should say on your payment agreement).
Old 08-23-2010 at 07:03 PM   #3
jhan523
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You should also know that interest is charged on the last day of every month on all outstanding balances (1.2% interest). So if you can afford to pay the entire thing now, I suggest that you do.
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Old 08-23-2010 at 07:13 PM   #4
Reda
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so i chose the flex plan 2 i pay 25% by spt 1 .. and the rest by march ? or everymonth
Old 08-23-2010 at 07:16 PM   #5
nerual
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Quote:
Originally Posted by Reda View Post
so i chose the flex plan 2 i pay 25% by spt 1 .. and the rest by march ? or everymonth

According to the payment agreement:
Quote:
Flex Plan - 2 Term: Designed to have your fees paid in two terms. Required minimum payment is 25% of your Net Fees total. Balance due before end of Term 2.
So, you have to pay a minimum of 25% by Sept 1 (although it can be more), and you have to pay the rest before the end of Term 2...which is at the end of April.
Old 08-23-2010 at 07:27 PM   #6
jhan523
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Quote:
Originally Posted by nerual View Post
According to the payment agreement:


So, you have to pay a minimum of 25% by Sept 1 (although it can be more), and you have to pay the rest before the end of Term 2...which is at the end of April.
That means you can pay it little my little every month if you want, or even every day. Just remember that the less you know McMaster the less interest will be charged.
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Old 08-23-2010 at 09:42 PM   #7
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anything other than payment in full (both semesters) requires interest paid



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