Payment Options

Students can use one of the following options in paying their fees:

  • Direct Bank Payment: Fees can be paid in person or online through one of the following banks (Bank of Montreal, CIBC, Scotiabank, Royal Bank or TD Canada Trust). If paying online, simply add “Master’s College and Seminary” as a payee to your “Bills” list.  Your account number is your Student ID Number.  Since online payments may take up to 48 hours to process, please ensure that you allow sufficient time for processing.
  • Cash, Cheque, Money Order, Bank Draft or Interac:  Please pay at the Finance Office in person or send a cheque by mail.
  • Email Transfer: Contact the Finance Office at finance@mcs.edu if you want to pay by email transfer.
  • NOTE: Master’s does not accept credit card payments for compulsory fees, tuition, or room and board.

Prior to receiving permission to attend class or to access Internet courses, students must contact the Finance Office after they have registered for their courses and choose one of the following payment options.

  • 1. Payment in Full – Students who choose this option must make full payment for all fees on or before the first day of classes in the Fall and Winter semester. For the Summer semester, payment is due on or before April 20th. This is the only option available for part-time students who are doing fewer than nine credit hours. International students from countries other than the United States of America must pay their tuition and all other fees for both the Fall and Winter semesters by August 1st.

 

  • 2. Deferred Payment Plan – To be eligible for a Deferred Payment Plan, which is subject to a $75.00 fee per semester, a student must register for nine or more credit hours. The first payment of 40%, plus a deferred payment fee of $75.00, is due on or before the third Tuesday of August, December or April. The remaining balance for the Fall semester is due in two equal payments (30%) on the second Tuesday of October and November; for the Winter semester, the remaining balance is due on the second Tuesday of February and March. For the Summer session, the remaining balance is due in two equal payments on the second Tuesday of May and June. Students who use the Deferred Payment Plan must indicate to the Finance Office which approved method of payment they will be using. If a scheduled payment is more than five business days late, a student must meet with the Finance Office and/or Registrar’s Office. The student will also be assessed a $100.00 administrative fee and may be suspended from the college.Service charges will be applied to the Deferred Payment Plan if the required payment arrives late.For more information, please contact Julie Sejrup in the Finance Office.

 

  • 3. Canada/Provincial Student Loans – Students who receive their Canada/Provincial Student Loan documents by the first day of the semester can use their student loan to pay their tuition fees. Students should note that they will need to pay their compulsory fees, residence fees and Distance Education fees if applicable, on or before the first day of the semester. Students who have not received their Canada/Provincial Student Loan documents on or before Registration Day, or their student loan is not sufficient to cover all required fees, can either arrange personal interim financing or use the Deferred Payment Plan. When students receive their Canada/Provincial Student Loan documents, they have five business days to pay any fees that have not been covered by their loan; otherwise they may be suspended from the college. For more information regarding Canada/Provincial Student Loans, please contact Donna Haug in the Financial Aid Office.

 

  • Overdue Accounts

    When students have overdue accounts, Master’s reserves the right to take one or more of the following actions or other actions as may be deemed suitable:

    • Delay or cancel your course registration
    • Prevent you from attending your class lectures or accessing your online course
    • Be removed from all extra-curricular activities (e.g. Travel Teams, Worship Teams, Spring Tour, Student Council)
    • Decline requests for Confirmation of Enrolment documents (e.g. for student loans or RESP providers) or other documents requested by third parties
    • Withhold Grade Reports and/or Transcripts (Official and unofficial)
    • Prevent you from registering for future courses