Important financial resources at McGill

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

 

Hi Campus Life & Engage, 

 

Happy Monday from the CL&E team! Starting university means taking on new responsibilities and challenges, like living on your own and managing your finances. This week, we're introducing you to the people and programs available to help you manage your money while you're at university.

 

 

Tuition and Fee Payments

 

Fees and payment are handled by Student Accounts:

 

Fall tuition payment deadline: August 30, 2020

Winter tuition payment deadline: Early January 2021

 

Other dates:

  • Residence fees are paid monthly, beginning in September. The meal plan fees are payable in two installments: one due at the end of September and one due at the end of January.
  • Lab fees, library fines, etc. are also paid monthly. E-bills are issued through Minerva within the first five days of every month.

For more financial deadlines see our list of important Fall 2020 dates.

 

Scholarships and Student Aid Office

 

The Scholarships and Student Aid Office is McGill's on-campus center for financial aid, offering advising and support on applying for Canadian and American student government assistance programs, McGill Financial Aid and Work Study Program, as well as information about budgeting and debt management. 

 

Services offered the Scholarships and Student Aid Office:

 

Scholarships:

 

The Entrance Scholarships Program, based on academic merit and offered at the time of admission.

 

Need-based financial aid:

 

Entrance Bursary Program

To accommodate changing circumstances due to the COVID-19 situation, the application deadline for the Entrance Bursary Program has been extended. New students coming from CEGEP and High School with financial concerns are encouraged to apply within 60 days of your official admission offer, but applications will be accepted for consideration up to and including June 30, 2020.

 

In-Course Financial Aid 

Students may apply to McGill’s Bursary and Loan program any day of the academic year, as financial need arises. Once you complete the In-Course Financial Aid application in Minerva, you are prompted to make an appointment with a Financial Aid Counselor. They will take time to understand your situation and help you leverage available resources. Core funding such as government aid and parental support is not replaced but supplemented.

 

Government Student Financial Assistance

Take advantage of expertise across all provincial/federal and U.S. government aid programs. In addition to CERB/CESB income replacement programs, the Canadian government has made one-time changes to the Canada Student Loan Program for 2020-2021 in light of COVID-19.

 

Special funding

We have special funding opportunities for Indigenous students, students with disabilities, students in or from foster care, and for activities such as exchanges, field courses and unpaid off-campus research and internships. 

 

The Work Study Program

Provides job opportunities for students with demonstrated financial need.

During the period in which McGill has committed to offering remote instruction (Summer and Fall 2020), the Scholarships and Student Aid Office is pleased to offer virtual services and support while our physical office is closed. Contact the Scholarships and Student Aid Office if you have any questions or concerns! 

 

 

 

Money Matters on McGill 101

 

We have additional financial information on McGill 101, including informational videos on personal budgeting and navigating the Aide Financière aux Etudes (AFE) Quebec aid program for eligible students. The McGill 101 Module is accessible through MyCourses.

 

The Frugal Scholar Money Management Program

 

The Frugal Scholar Program is a collaboration between Scholarships and Student Aid Office and McGill students designed to help you budget effectively and graduate with manageable debt. Tools include:

Dollars and Sense: Planning for Your Time at McGill

 

Be sure to attend the Dollars and Sense: Planning for Your Time at McGill webinar, offered by Financial Aid Counsellor Alison Mackay who will walk you through the financial services, resources, and basic budgeting tricks you may need during your time at McGill. Join her to find out more about money management at university on Tuesday, June 16 at 10 a.m. EST or Wednesday June 17 at 6:00 p.m. EST. Register online now!

 

 

The team at the Scholarships and Student Aid Office is dedicated to helping students with their finances during this time of global uncertainty. We continue to deliver our comprehensive services remotely and are here to answer your questions, offer advising and financial support, when applicable, as you chart your McGill journey.

 

 

And, as always, do not hesitate to contact CL&E with any general questions about starting at McGill!

 

Until the next email!

 

 

 

Gilbert Lin

New Student Advisor, 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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McGill University is located on land which has long served as a site of meeting and exchange amongst Indigenous peoples, including the Haudenosaunee and Anishinabeg nations. McGill honours, recognizes and respects these nations as the traditional stewards of the lands and waters on which we meet today.

 

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Campus Life & Engagement

3600 McTavish Street, Suite 4100,, Montreal, QC H3A 0G3