Your student account is an account created
specifically for you. You can access your student
account 24/7 by going through MOSAIC/student
center/finances/account inquiry. In it,
you will find all financial activity and balances.
Please read the section below on debits and credits.
It is a student's responsibility to
be aware of all financial activity in their account as
well as any follow up that may be required. For this
reason, we strongly recommend that
you review your account as often as once per
month, and more during peak activity times
(beginning and end of study terms).
The following is detailed information based on questions
we hear the most:
Statements online only
In keeping with McMaster's
direction to respect the environment, bills and
statements are no longer mailed out. All student
account balances and activity can/should be viewed
24/7 by the student through MOSAIC/student
Tip: If your parents are involved in
making payments toward your account, this account
inquiry may be of interest to them. They will not be
able to access it without your help, so it may help to
make arrangements with them for regular updates.
Debits vs. Credits
Your account will be a series of debits and credits
to reflect all activity through the month.
Debits are charges to your
account—tuition, residence, meal plan, fines,
bookstore charges and interest. These will show up as
a positive number in the online
Credits are payments to your account
- payments made by you, scholarships, OSAP and
bursaries. These will show up as a negative
number on your online account.
You will have the ability to go as far back as to the
beginning of the session to see all accumulated
activity for the entire year.
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 in September.
When fees charge
As soon as you begin to enroll in courses you will
see the charges appear on your student account.
Keep in mind that if you add or drop any courses
after drop and add deadline, your fees will be
reassessed immediately and show on your account.
Please see Cancellation
schedule for more details.