Money Matters

 

Funding opportunities and managing your university finances

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A message from Campus Life & Engagement, the one office dedicated to new McGill students.

 

Hi Campus Life & Engage!

 

Happy Friday from the CL&E team! Starting university means taking on new responsibilities and challenges, like living on your own and planning for the costs of your attendance. This week, we're introducing you to the people and programs available to help you manage your finances while you're at university! For more information, we invite you to check out Scholarships and Student Aid's "Paying for Your Undergraduate Degree" video!

 

Learn About!

 

Scholarships and Student Aid is McGill's on-campus centre for financial aid. Here you can find all the resources and advice you need to make a financial plan for university, from step-by-step guides on budgeting, debt management, and how to apply for funding, including government and institutional aid programs!

Take Note!

 

1️⃣ Fees and payments are handled by Student Accounts.

  • Fall tuition payment deadline: August 31, 2021
  • Winter tuition payment deadline: January 5th, 2022
  • E-bills are issued through Minerva within the first five days of every month. Your first e-bill will be available as of early August for the Fall semester.

2️⃣ Entrance Bursary Program application deadline: June 30, 2021.

  • We strongly recommend applying within 30 days from the date of formal acceptance to the University, as funding for this program is limited and offered on a rolling basis until resources are exhausted.

3️⃣ Work Study Program and In-Course Financial Aid

  • You can apply for Work Study as of July 1, 2021 in Minerva.
  • The 2021-2022 In-course Financial Aid application opens on August 1, 2021.

Newly admitted, first-year students may apply for the Entrance Bursary program. The In-course Financial Aid program, however, is available to students in their subsequent years of study.

 

When you apply for In-course Financial Aid, you'll be prompted in Minerva if you need to book an appointment with a Financial Aid Counsellor to discuss your budget and review your application!

Use!

 

💸 The Frugal Scholar Program

This program is meant to help you budget effectively and graduate with manageable debt. This comprehensive program provides a step-by-step guide to help you make a realistic financial plan, including a set of budget worksheets designed to help you understand your costs and live for less!

 

💸 The Cheap Sheet

Take a look at this list of Montreal and McGill resources for lean and mean budgets, compiled by our Financial Aid Counsellors and your fellow students!

 

💸 "Money Matters" McGill 101 Module

Access this McGill 101 module on myCourses for further information on budgeting and managing your finances effectively!

Attend!

 

Check out CL&E's upcoming webinars!

 

💵 Dollars and Sense

Talk money with Financial Aid Counsellor Alison Mackay, who will highlight the services, resources and day-to-day budgeting basics needed as you prepare for your studies at McGill!

  • Monday, June 14th at 10 am EDT
  • Tuesday, June 15 at 6 pm EDT

⚖️ Know Your Rights

This 60-minute workshop on legal literacy will teach you all about housing rights, student rights (with respect to McGill policies), and employment rights.

  • Friday, June 18 at 2 pm EDT

The Scholarships and Student Aid team is dedicated to helping students with their finances during this time of global uncertainty. They continue to deliver comprehensive services and are here to answer your questions, offer advising and financial support, when applicable, as you chart your McGill journey! They look forward to welcoming students back to their office in person as public health guidelines allow. Check out their website for the most up-to-date information on how to connect with them!

If you have questions about your government financial aid or McGill Financial Aid, please email studentaid@mcgill.ca.

 

As always, if you have any general questions about your first year at McGill, email firstyear@mcgill.ca!

 

Cheers!

 

Gilbert Lin

Manager, Orientation & Student Engagement | Campus Life & Engagement | McGill Student Services


 

If you think you’ve missed any of our messages or want to re-read any, check out CL&E’s First-Year Email archive.

 

 

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Campus Life & Engagement

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