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The Payment Agreement

 

Definition

The Payment Agreement is a registration tool, used only during registration periods, to help students complete the financial portion of their online registration process. It calculates fees according to course selection. By making relevant selections, it also calculates any funding (i.e. scholarships, OSAP, external sponsorships, etc) and deducts this funding from the calculated fees.

 

The Payment Agreement is the second and mandatory part of the automated, online registration process. It is to be confirmed immediately after your online SOLAR course selection, even if you know you will be changing/adding/deleting courses for that session. The Payment Agreement can be revised as many times as necessary before the last day to add courses (i.e. as course loads change, as scholarship or OSAP amounts become available, etc). By confirming the online Payment Agreement on time, you will continue with other automated processes like having your registration status updated to "Fully Registered, and you will receive your confirmation package from the Registrar's office with your ID card and valid sticker. Students who don't confirm the Payment Agreement will remain "Not Fully Registered".

 

Why Do I Need to Complete It?

In order for McMaster to help you obtain your "Fully Registered" status, you are required to first select your courses, then "confirm" the PA. By confirming, you are agreeing to pay the fees associated with your registration. By clicking the "Confirm" button at the bottom of your PA, you complete the financial portion of the automated registration process, and allow other important automated processes to continue.

 

The Payment Agreement acts as a promissory note between you and McMaster, where you agree to pay for the fees as they calculate at the time of confirmation. We use the PA to provide you with important information about payment requirements, schedules, dates and deadlines and items for follow through. All students are required to confirm the PA indicating funding options and the payment plan you intend to use.

 

When Should I Confirm the PA?

The PA should be confirmed immediately following your online SOLAR course selection, and revised as many times as needed during the registration period. Confirm before September 1(Fall/Winter), May 1(Spring/Summer) to avoid the $50 Late Registration fee. MBA students must confirm before Sept 1 / Jan 1 / April 1 to avoid the $50 Late Registration fee.

 

Terms and Conditions

 

Through this process and payment follow-up, the student agrees to the following Terms and Conditions:

 

  1. All students must complete the Academic portion of SOLAR before beginning the Payment Agreement process to allow for tuition fee calculation.
  2. All references to “tuition fees” include values for tuition fees as well as mandatory supplementary fees.
  3. Students who exit the Payment Agreement process without clicking the "Confirm" button will NOT receive financial approval and therefore will not be fully registered.
  4. Failure to follow-through with the Payment Agreement messages or make appropriate arrangements will result in a default fee and may lead to the removal of academic registration.
  5. Students not paying by the "Payment in Full"option will be charged interest. 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, starting September 30.
  6. A service fee will be charged for all returned payments.
  7. Students are responsible for following up with all communication (including McMaster University email, MUGSI (McMaster University Gateway to Student Information) and website messaging as well as monitoring their Account Statement, accessed through MUGSI (My MUGSI / Accounts and Cashiers / Account Statement).
  8. The University reserves the right to refuse options that are not within acceptable risk or as circumstances warrant, such as when a student has previous negative credit history with the University.