Terms and Conditions

The Payment Agreement process allows you to confirm your intention to pay by making Funding Option and Payment Plan selections. 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-up with the Payment Agreement 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 Full Payment 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 which is accessed through MUGSI (MUGSI / My Student Account 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 a negative credit history with the University.

Please contact Student Accounts and Cashiers with any questions or concerns at:
Phone: 905-525-9140 ext: 24478
Email: student.accounts@mcmaster.ca

Terms and Conditions for the Flex Plans

  1. Fall / Winter - The Flex Payment Plan Fee of $35 applied once each term applies for those students carrying a balance after Sept 30
  2. Spring / Summer - The Flex Payment Plan fee charged to all students who do not pay their fees in full by the last day of classes.(May 31 - Spring/Summer session).
  3. Interest is calculated 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 (May 30 for Spring/Summer).
  4. The initial payment amounts are based on the last confirmed Payment Agreement (PA) or the submitted Payment Agreement Form (PAF). It is the student's responsibility to inform the Student Accounts and Cashiers office of changes to their registration.
  5. There may be a residual amount owing at the end of the plan. It is the student's responsibility to check their Account Statement through MUGSI and pay any balance remaining to avoid any delays in the release of their final grades, transcripts, diplomas or in re-registering.

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