Understanding Your Funding

In the graduate payment model, tuition is due term-by-term on September 1st, January 1st and May 1st.  Interest on tuition will not begin to be collected prior to the second last business day of those months. Each student will receive their lump sum (whole term) scholarship funds by mid-September, mid-January and mid-May.  Each student receiving research scholarship funds will get a lump sum (whole term) payment by mid-September, mid-January, and mid-May.  Employment payments are paid biweekly.  

All money goes out to the student and students are solely responsible for paying their tuition.

Example for Fall Term (which assumes that a student has TA, research scholarship, and scholarship support):

September  1:

  • Tuition for term is due

Mid-September:

  • Bank deposit of all "research scholarship" (i.e. grant-sourced support) funds for term - paid from the MOSAIC HR module
  • Bank deposit for first two weeks of TA pay - paid from the MOSAIC HR module
  • Bank deposit of all scholarship funds(excluding research scholarships) for the term - paid from the MOSAIC Student Center Module  

End of September:

  • Bank deposit of second two weeks of TA pay

  • Interest begins to accrue on balance outstanding in student account.

For more information about how to understand the charges, funding, payments you've received, please consult material available at the link below. 

https://gs.mcmaster.ca/sites/default/files/resources/final_september_201...

This information is posted in September for all returning and newly admitted September students, and in January & May for all newly admitted students.