Deadlines for payment

Contact your loan provider before your payment is past due to set up a payment arrangement. Most student loan programs give you a period of at least 6 months after you graduate before you must start making payments. This is known as a grace or partial exemption period. This means that you have 6 months from end of your last full-time study period until your first student loan payment is due.

Outstanding balance from a previous term

• Suppose you are experiencing exceptional circumstances beyond your control and have an outstanding (overdue) balance from a previous term. In that case, you may be eligible to negotiate a payment arrangement with the Student Accounts Office.
• A payment arrangement would allow you to register for courses during the regular registration period only—not during the early registration period.
• The Student Accounts Office, located at Birks Student Service Center (BSSC) LB-185, begins to negotiate payment arrangements two weeks before starting a new academic term. They will continue to accept requests until the last day to register for that term.

Late payment and interest fees

• Late payment and interest fees apply to all outstanding balances that are not paid by the published fee payment deadlines even when you negotiate a payment arrangement.
• The terms and conditions of a Special Payment Agreement contract require you to make a down-payment of 75% of the outstanding balance from your most recent registration term. You will need to pay 100% of overdue balances before the account's restriction is lifted.
• Suppose you do not meet the Special Payment Agreement contract's terms and conditions. In that case, you will not be eligible to negotiate a payment arrangement with the Student Accounts Office for one full academic year, i.e. the next 3 to 5 academic terms.

Restrictions for late or non-payment

• Payment arrangements do not supersede the University's financial regulations with regard to the release of important documents and account details as listed here.
• Students will not be permitted to register for additional courses or future academic terms until all current amounts due are paid in full.
• The University reserves the right to cancel a current registration if payment arrangements are not honoured.
• Current registrations will not automatically be cancelled for non-payment of an outstanding balance.

Registering with an account restriction

Students paying Quebec or non-Quebec resident tuition fees and/or are receiving financial aid from the U.S. may be eligible to apply for a 'Tuition and other fees deferral contract'.
 

• To be eligible, you must not have yet received your provincial or federal student loan and/or bursary before the end of a registration period.
• Students must apply to the Financial Aid and Awards Office at S-GM-230 for a deferral.

Note: By signing a tuition deferral contract, the student agrees to pay their full balance owing to the University from, and at the time of, the disbursement of their student financial aid. The lending or funding agency will automatically deduct the balance owed from the loan or bursary and forward the balance directly to the University. Late payment and interest fees will be charged on late payments even when a student loan or bursary pays the student's account.