Spring/Summer 2011 Newsletter

STUDENT ACCOUNTS & CASHIERS OFFICE
“Helping you account for your Student Account”
McMaster University
905-525-9140 ext.24478
www.mcmaster.ca/bms/student
student.accounts@mcmaster.ca
IMPORTANT DATES AND DEADLINES:
March 15
March 21
May 1
May 2
May 6
June 17
June 20
June 24
August 5
All Fall/Winter session tuition, residence, and meal plan fees must be paid in full to avoid being blocked
from SOLAR/Grade Report. Check your Account Statement in MUGSI (My Student Accounts and Cashiers
/ Account Statement) for any balance
SOLAR Registration and the PA open. Please refer to the “Getting Registered” website for more
information. http://registrar.mcmaster.ca/registered/getregistered.html
While we recommend that you confirm your PA immediately after selecting your courses on SOLAR, if you
are expecting OSAP, scholarships or bursaries, we encourage you to go back to reconfirm your PA as these
amounts become available. Revisions can be made up to May 6th, 2011.
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PAYMENT DEADLINE! All payments as outlined on your last confirmed PA are due
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May 1st payment deadline is extended only for monies coming from OSAP
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A $50.00 Late PA Fee will be charged if students complete the PA after this date
Fees for courses added after this date will be due upon registration
First day of terms 1 and 3 classes
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Last day for dropping (please see definitions below) Term 1 or 3 courses without incurring financial
penalty. See the “Cancellation Schedule” on our website
http://www.mcmaster.ca/bms/student/SAC_students_fees.htm
Registrations after this date require a payment in full OR a visit to the Student Accounts and Cashiers
office in order to become Fully Registered
Last day of term 1 classes – For students registered in Term 1 only - All balances owing are due in full to
avoid a $35 Late Payment Fee. Students with balances owing after this date will be blocked from
SOLAR/grade report. Check your Account Statement in MUGSI (My Student Accounts and Cashiers /
Account Statement) for any balance owing.
First day of term 2 classes
Last day for dropping (please see definitions below) Term 2 courses without incurring financial penalty. See
the “Cancellation Schedule” on our website. http://www.mcmaster.ca/bms/student/SAC_students_fees.htm
Last day of term 2 and 3 classes – All balances owing are due in full to avoid a $35 Late Payment Fee.
Students with balances owing after this date will be blocked from SOLAR/grade report. Check your
Account Statement in MUGSI (My Student Accounts and Cashiers / Account Statement) for any balance
owing.
SUMMER REGISTRATION:
Completing and confirming your Payment Agreement is MANDATORY. The Payment Agreement helps you get fully registered
and tells us how you intend to pay. Be sure to scroll down the Payment Agreement and read through all of the Payment Schedule,
Messages and Terms & Conditions.
Note: The PA is a registration tool used only during the registration period. It will calculate and display fees based on program
and # of registered units. The PA will NOT show payments made, or student account balances.
For account details and balances go to your Account Statement through MUGSI. Your Account Statement is an ongoing record
of all financial activity. You can access your Account Statement by logging into MUGSI (My Student Accounts and Cashiers /
Account Statement).
We encourage you to try the “Ask McMaster”
button located at
http://registrar.mcmaster.ca/registered/ for all your financial questions.
SUMMER PAYMENT OPTIONS
All payments as outlined on your last confirmed PA are due no later than May 1st
Starting May 31, for any unpaid balance due , interest is charged at an annual rate of 14.4% (1.2% per month) subject
to change. A full month’s interest is calculated on any unpaid balance on the last day of each month.
Term 1 only students Term 2 and 3 students -
All balances must be paid in full by the last day of classes (June 17th)
All balances must be paid in full by the last day of classes (August 5th)
to avoid a $35 Late Payment Fee.
For further information please go to http://www.mcmaster.ca/bms/student/SAC_payment_plans_summer.htm
***The fastest, safest and most convenient methods of payment are through online methods. For a complete list, please
click http://www.mcmaster.ca/bms/student/SAC_payment_methods_summer.htm
SUMMER OSAP
First OSAP release – (for students registered in an OSAP eligible course load in Term 1). May 2 – June 17
Second OSAP release – (for students registered in an OSAP eligible course load in Term 2 and 3) June 20 – August 5
Remember you MUST go in person to negotiate all funding certificates before any money can be released. It’s
recommended to go early to avoid late payment fees. See the Office of Financial Aid & Scholarship’s website for more
information.http://sfas.mcmaster.ca/osap.html
SUMMER 2011 FEE CANCELLATION SCHEDULE:
http://www.mcmaster.ca/bms/student/pdf/fees_summer_cancellation.pdf
Term 1
Up to May 6
May 7 to May 13
May 14 to May 20
May 28 to May 31
June 1 onward
Term 2
Up to June 24
June 25 to July 1
July 2 to July 8
July 9 to July 15
July 16 to July 19
July 20 onward
No Charge
20% Charge
40% Charge
80% Charge
100% Charge
Term 3
Up to May 6
May 7 to May 20
May 21 to June 3
June 4 to June 17
June 18 to July 3
July 4 onward
No Charge
20% Charge
40% Charge
60% Charge
80% Charge
100% Charge
No Charge
20% Charge
40% Charge
60% Charge
80% Charge
100% Charge
DROPPED COURSES – Any course dropped BEFORE the last day to add courses (Drop & Add) within a term. Dropped courses
are removed from your student record, and although are NOT subject to cancellation fees, may have financial consequences (i.e.
Reduce OSAP entitlement, loss of Entrance Scholarship, MSU Supplementary Fees)
CANCELLED COURSES – Any course cancelled AFTER the last day to add courses (Drop & Add) within a term.
Cancelled courses remain on your student record and are indicated as “cancelled”. Cancelled courses are subject to
cancellation fees, and may have other financial consequences (i.e. Reduced OSAP entitlement, loss of Entrance Scholarship
or MSU Supplementary Fees).
CONGRATULATIONS to all our GRADUANDS!
As a potential graduand in the spring, don’t forget to review your Account Statement on MUGSI (MUGSI / My Student
Accounts and Cashiers / Account Statement and make any payment no later than April 15, 2011 to avoid any
complications with receiving your diploma.
FALL REGISTRATION
Familiarize yourself with the Office of the Registrar’s Website and their dates and deadlines, particularly when it
comes to SOLAR open and close dates. http://registrar.mcmaster.ca/registered/getregistered.html Keep in mind that
your account must be paid in full before you will be allowed to register for the next session.