Payment agreement- do we HAVE to pay by sept. 1st
08-18-2010 at 02:17 PM
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#1
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Payment agreement- do we HAVE to pay by sept. 1st
Hey guys,
As many of you know, the payment due date is sept 1st.
Would I HAVE to pay by that date? I wil be recieving Alberta Student Loan but my concern is that I applied for the loan slightly late. Because of this, I am unsure if my loan will be released by sept 1st. (It will be close to the date)
I just hope Mac won't kick me out because I couldn't pay by sept. 1st!  Would Mac understand the situation and allow some time to make payment later? Anyone familiar with the situation, please feel free to help out! |
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08-18-2010 at 02:19 PM
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#2
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I know if you pay later you get charged mad interest. My payment was 2 days late and the interest was like $130.
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08-18-2010 at 02:21 PM
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Yeah they won't kick you out if you don't pay by September 1st, they will just charge you a late fee and interest will accumulate until you do pay.
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-Stefanie Walsh-
4th Year Multimedia 2010-2011
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08-18-2010 at 02:21 PM
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Quote:
Originally Posted by amyshi
I know if you pay later you get charged mad interest. My payment was 2 days late and the interest was like $130.
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HOLYYY CRAPPPP! So basically, there is no extension or anything like that. This is crazy. |
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08-18-2010 at 02:23 PM
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#5
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Can I make a payment in person? If I can, where can I make a payment?
As for interests being adding up for the payment fee, that is crazy...talk about no break!
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08-18-2010 at 02:23 PM
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Quote:
Originally Posted by dlee
HOLYYY CRAPPPP! So basically, there is no extension or anything like that. This is crazy.
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Try contacting SFAS, it's worth a try.
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Jeremy Han
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Pennsylvania College of Optometry at Salus University Third Year - Doctor of Optometry
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08-18-2010 at 02:25 PM
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Quote:
Originally Posted by dlee
Can I make a payment in person? If I can, where can I make a payment?
As for interests being adding up for the payment fee, that is crazy...talk about no break!
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I think you can pay in person, but I don't think they take cash. But you can drop off a check. It's Students Accounts and Cashiers in Gilmour Hall.
Also, contact them like I told you to contact SFAS.
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Jeremy Han
McMaster Alumni - Honours Molecular Biology and Genetics
Pennsylvania College of Optometry at Salus University Third Year - Doctor of Optometry
dlee
says thanks to jhan523 for this post.
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08-18-2010 at 02:26 PM
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Quote:
Originally Posted by jhan523
Try contacting SFAS, it's worth a try.
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"SFAS"? I am sorry, not sure what that is..I am pretty newbie as you can tell. lol |
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08-18-2010 at 02:26 PM
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Quote:
Originally Posted by dlee
"SFAS"? I am sorry, not sure what that is..I am pretty newbie as you can tell. lol
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Student Financial Aid and Scholarships: sfas.mcmaster.ca
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Jeremy Han
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08-18-2010 at 02:28 PM
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They have other options than to pay in full by September first. They have payment plan options, they just involve interest.
Also I believe interest is like 1.2% a month, not sure if its different for tuition/residence payment.
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-Stefanie Walsh-
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08-18-2010 at 02:35 PM
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Yea, I did payment in full agreement. I am not sure if it can be changed it now.
I will just keep my fingers crossed that my loan will arrive by then!
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08-18-2010 at 02:37 PM
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#12
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Quote:
Originally Posted by sew12
They have other options than to pay in full by September first. They have payment plan options, they just involve interest.
Also I believe interest is like 1.2% a month, not sure if its different for tuition/residence payment.
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Yes, interest is the same 1.2% per month.
Quote:
Originally Posted by dlee
Yea, I did payment in full agreement. I am not sure if it can be changed it now.
I will just keep my fingers crossed that my loan will arrive by then!
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Yes, you can still change your payment agreement.
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Jeremy Han
McMaster Alumni - Honours Molecular Biology and Genetics
Pennsylvania College of Optometry at Salus University Third Year - Doctor of Optometry
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08-18-2010 at 04:12 PM
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#13
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Quote:
Originally Posted by dlee
Can I make a payment in person? If I can, where can I make a payment?
As for interests being adding up for the payment fee, that is crazy...talk about no break!
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You can make the payment at the Student Accounts and Cashiers office in Gilmour Hall.
If they didn't have crazy interest, people wouldn't have very much incentive to pay on time. |
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08-18-2010 at 05:29 PM
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Quote:
Originally Posted by nerual
You can make the payment at the Student Accounts and Cashiers office in Gilmour Hall.
If they didn't have crazy interest, people wouldn't have very much incentive to pay on time.
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Well I know at the University of Calgary, payment deadline isn't due until 2-3 weeks of classes. That way students can withdraw/change courses without a payment. In that way, Mac seems cruel.  |
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08-18-2010 at 06:12 PM
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#15
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Quote:
Originally Posted by dlee
Well I know at the University of Calgary, payment deadline isn't due until 2-3 weeks of classes. That way students can withdraw/change courses without a payment. In that way, Mac seems cruel. |
You can drop a course until September 17th and get a full refund :\ That's for term 1& 3 courses, for term 2 courses you can drop until January 11th and still get a full refund.
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Jeremy Han
McMaster Alumni - Honours Molecular Biology and Genetics
Pennsylvania College of Optometry at Salus University Third Year - Doctor of Optometry
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