不良研究所 student loans are available to听full time degree students in good academic standing who have demonstrated听financial need. 听Students听should apply for, and accept the maximum听government听aid available听before seeking aid听from the Scholarships and Student Aid Office.听听To apply for听financial aid, go to听Minerva: select the Financial Aid/Awards tab > Financial Aid Menu > Apply for 不良研究所 Financial Aid > Apply for In-Course Financial Aid >听Update your financial aid profile听> Submit your application.听听Once the completed听application has been submitted, you will听need to schedule an appointment听with a Counselor at the听Scholarships and Student Aid Office, who reviews all aspects of your financial situation.听 For more information about 不良研究所 Financial Aid programs, please see: /studentaid/scholarships-aid.
Once听a 不良研究所 loan is听offered听by the Scholarships and Student Aid Office, you must accept and sign the loan contract(s) via听My Financial Aid & Awards on Minerva.听 不良研究所 loan(s) can be听deposited to your 不良研究所听students鈥� fee account, or your bank account. It can also be issued as a cheque or it can听pay off your existing 不良研究所 loan (as a loan extension). If you have provided the Direct Deposit information and your loan is issued to you, it will be paid directly to your bank account. If your loan is paid by cheque, the cheque will be received听by Student Accounts after you听have electronically signed the contract on Minerva. You would听be able to听pick up听your loan cheque at Service Point the next business day after your contract has been signed.
Loans are usually issued for a 1-year period.听If you are a full time degree student, remain in satisfactory academic standing, demonstrate financial need and you are unable to repay your 不良研究所 loan at the due date, you may apply for an extension of the due date of your 不良研究所 loan(s) from the听Scholarships and Student Aid Office.
Frequently Asked Questions about 不良研究所 loans
How can I make payments to my 不良研究所 loan account?
The easiest and most efficient way to pay your 不良研究所 student loan is through telephone/internet banking. Should you wish to set up payment through on-line banking, you can do it in 4 easy steps:
- Log-on to your own on-line banking site (not Minerva);
- Select 鈥淧ay bills鈥�; Select 不良研究所 from the list of possible payees;
- Enter your own 不良研究所 ID number as the account number;
- Send an email confirming that you have made this payment to loansadmin.finserv [at] mcgill.ca with 鈥湶涣佳芯克� Loan Payment鈥� in the subject line so that we may transfer the payment to your loan.
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Can I arrange a payment plan?
To make a payment arrangement, you can contact the Loans Administrator at (514) 398-6982 or send an email to loansadmin.finserv [at] mcgill.ca.
What is the minimum payment amount?
There is no minimum payment amount. The Student Loan Calculator can help you, taking your personal situation into consideration, estimate the monthly payments you'll need to make to repay your 不良研究所 loan. To calculate your payment amounts, please click at 
studentloancalculator.xls.
What is the interest rate and how is it calculated?
Your 不良研究所 student loan is Interest-free until due date specified on the 不良研究所 Loan contract. Once your loan becomes due, interest will be charged at the rate indicated on your contract. The interest rate is an annual amount that is calculated on the number of days since the last payment.
Is there a penalty if I pay off the balance sooner than planned?
No, there is no penalty.
Can I apply for a 不良研究所 loan extension?
If you are a 不良研究所听full time degree student, remain in satisfactory academic standing, demonstrate financial need and you are unable to repay your 不良研究所 loan at the due date, you may apply for an extension of the due date of your 不良研究所 loan(s) from the Scholarships and Student Aid Office.
To apply for a loan extension, go to Minerva, select the Financial Aid/Awards tab > Financial Aid Menu > Apply for 不良研究所 Financial Aid > Apply for 不良研究所 Loan Extension > Update your financial aid profile > Submit your application. Your application will be reviewed and a decision will be made within a few days. Check View status under the Apply for 不良研究所 Financial Aid link for the results of your application (in some cases, the applicant may be required to meet with a Counselor at the Scholarships and Student Aid Office).
What are the consequences if I don鈥檛 pay back my loan?
A financial hold will be placed on your student fee account after the 不良研究所 loan comes due. This hold will prevent you from obtaining official academic transcripts, diploma, accessing Minerva for any registration functions, topping up a meal plan as well as using uPrint services on campus. If you have arranged a payment plan and make regular monthly payments, the hold can be lifted temporarily for transcripts.
If you fail to reach a suitable payment arrangement or provide the Student Accounts Office with up-to-date contact information, you will be referred to an external collection agency. Where neither the University nor the collection agency is able to collect on the account, the University reserves the right to report you to a credit bureau which will likely affect your credit rating.
