quick question...were your osap updated again within the last few days?
and was the word 'issued' replaced with the word 'estimate' in your payment agreement?

I have a question about the form of payment. Does the check have to come from the student's bank account or can it comes from their parents' bank account?

oh, is it just mine or is the osap amount in payment agreement higher than what's listed in osap website?

Higher? Definitively not.... Mine is about 60% of my full osap entitlement with the other 40% being released in January....

If anything, maybe your osap entitlement was changed as they are doing further reviews of your application. In that case you should probably try and update your payment agreement.

Originally Posted by jhan523

I have a question about the form of payment. Does the check have to come from the student's bank account or can it comes from their parents' bank account?

It can come from their parents' bank account. Just make sure to write the student number on the front of the cheque.

Originally Posted by jhan523

Higher? Definitively not.... Mine is about 60% of my full osap entitlement with the other 40% being released in January....

If anything, maybe your osap entitlement was changed as they are doing further reviews of your application. In that case you should probably try and update your payment agreement.

i'm doing a full payment and there's a discrepancy b/w those two numbers by $200ish. i just updated my payment agreement yesterday b/c my osap entitlement changed once again.

you're doing full payment, right?

Yes, I have the full payment.

Edit: Just wondering if OSAP e-mails you if the entitlement changes because I haven't been checking the website for changes.

I haven't received any emails from them. I just checked the website after I saw the updated OSAP amount in my payment agreement.

Oh, ok. I'll make sure to keep checking.

Some more information

The OSAP amount that is used either "estimate" or "issued" is the amount we will ask to be remitted from your Loan Documents (note: calculated as 60% of your total entitilement). Even if all of the monies are to be directed to the University you still need to pick up and negotiate the loan in September. Be sure to check out the Student Financial Aid website for dates, time and required documentation http://sfas.mcmaster.ca/

If the OSAP amount is not enough to cover at least the first installment then a Balance Owing will show on your PA. This is the amount that is due by September 1st. The August 15th date is only for people using cheque payments to allow us enough processing time before September 1st. If you are using On-line payments you have until September 1st.

Hope this helps!

BTW...I think this is a great network and many thanks to Chad, Loren et all for your good advice....thanks, Theresa

Originally Posted by cooketm

Some more information

The OSAP amount that is used either "estimate" or "issued" is the amount we will ask to be remitted from your Loan Documents (note: calculated as 60% of your total entitilement). Even if all of the monies are to be directed to the University you still need to pick up and negotiate the loan in September. Be sure to check out the Student Financial Aid website for dates, time and required documentation http://sfas.mcmaster.ca/

If the OSAP amount is not enough to cover at least the first installment then a Balance Owing will show on your PA. This is the amount that is due by September 1st. The August 15th date is only for people using cheque payments to allow us enough processing time before September 1st. If you are using On-line payments you have until September 1st.

Hope this helps!

BTW...I think this is a great network and many thanks to Chad, Loren et all for your good advice....thanks, Theresa

Oh man now I am freaking out.. cooketm just posted that if you are paying by cheque you have to pay by Aug 15th. But I was told earlier that I could drop my cheque off the day I move in Aug 30th (as long as it is before Sept 1st). Now I am scared that I won't get my money in time, and the Student Cashiers is closed. Please help!!

Don't worry anitaa I'm sure it will be OK...we just need the bulk in by Aug 15th. Have you looked into paying On-line?

Here is a link to our PDF for Payment Methods
http://www.mcmaster.ca/bms/student/p..._methods.p df

Thanks, Theresa

If you're paying online, do you only have to click on 'confirm' on the payment agreement page, and that's all?

After you have clicked confirm you will need to set-up the payment on Your banks website...please see the PDF link that I sent to anitaa

Thanks, Theresa

Originally Posted by cooketm

Don't worry anitaa I'm sure it will be OK...we just need the bulk in by Aug 15th. Have you looked into paying On-line?

Here is a link to our PDF for Payment Methods
http://www.mcmaster.ca/bms/student/p..._methods.p df

Thanks, Theresa

hey when I read the pdf you sent me (thanks) it says this :

Payment is due at the Student Accounts & Cashiers office no later than by September 1, 2008. If the payment is submitted earlier, it can be post-dated no later than September 1, 2008.

Does that mean I am still ok as long as I get the cheque to Gilmour Hall by Sept 1st?