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Payment & enterance award

 
Old 08-23-2010 at 05:40 PM   #1
Reda
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Payment & enterance award
So i have to pay about 7000 for the first year . I have 2000 $ entrance award .. Does that mean i will pay 5000 or i will pay 7000 and receive 2000 later .. And i have to pay before September 1 .. How do i pay
Old 08-23-2010 at 05:46 PM   #2
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Quote:
Originally Posted by Reda View Post
So i have to pay about 7000 for the first year . I have 2000 $ entrance award .. Does that mean i will pay 5000 or i will pay 7000 and receive 2000 later .. And i have to pay before September 1 .. How do i pay
If you selected the McMaster Scholarship as a payment option (it's not too late if you haven't) then it automatically gets deducted from your tuition. Whatever the balance says on your payment agreement is what you have to pay by Sept 1st.

You can pay by interac (for most banks), online transactions (as a bill), by cheque (you send it via mail, but by this time it's better to hand it in my hand).

For online transaction you have to pay to McMaster University and your account number is your student number.

For all online transactions (including interac) you should allow 3-5 business days. So you should pay REALLY soon.
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Old 08-23-2010 at 05:47 PM   #3
Ownaginatios
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I think the way it works is you pay what mugsi says, and then later McMaster will credit $2000 to your student money account. That, or they'll send you a cheque (I think you have to request a cheque).

Also, congratulations on the free $2000 dollars .
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Old 08-23-2010 at 06:18 PM   #4
nerual
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Quote:
Originally Posted by Ownaginatios View Post
I think the way it works is you pay what mugsi says, and then later McMaster will credit $2000 to your student money account. That, or they'll send you a cheque (I think you have to request a cheque).

Also, congratulations on the free $2000 dollars .
No, for the Entrance Awards you select the 'McMaster Scholarship' option on the lower left part of the payment agreement, then it will subtract $2000 from your total fees ($7000 in this case), and tell you the amount you still need to pay--you just need to make sure to select it on the payment agreement.
Old 08-23-2010 at 06:26 PM   #5
Ownaginatios
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Oh... maybe I'm thinking about normal scholarships :p.
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Old 08-23-2010 at 06:39 PM   #6
Reda
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i can see the 2000 dollar .. but should i let my made pay 7000 and keep the 2000 , were does the 2000 go if i just pay the full 7000 and not use it as a payment option and can i send that money to my bank
Old 08-23-2010 at 06:41 PM   #7
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Quote:
Originally Posted by Reda View Post
i can see the 2000 dollar .. but should i let my made pay 7000 and keep the 2000 , were does the 2000 go if i just pay the full 7000 and not use it as a payment option and can i send that money to my bank
You will most likely be sent a cheque unless it's already been credited to your account (You can check your student account right now to check if it has).

I personally think you should just put 2000$ in a high savings account right now and use the 2000$ McMaster is giving you to pay your tuition.
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