Payment of Awards
Paying or deferring fees using awards
- All awards are payable only when the student is in attendance as a full-time student at Mount Royal unless otherwise stated.
- Mount Royal may award scholarships to students who have not applied for awards; however, students who do not submit an application should not expect to receive awards.
- Occasionally, an award cannot be given out if a donation is not received or a fund does not earn enough interest. If either of these situations arises, Mount Royal will not give out that particular award, even if it was advertised.
- Mount Royal reserves the right to make whatever changes circumstances may require, including cancellation of particular awards.
- Successful applicants will generally be notified before the Fall semester begins.
- The award money will not be transferred to your account until after the Drop/Add deadline in September, however, your fees have been deferred for the value of your awards.
- If the value of your fees (tuition, mandatory fees and residence, if applicable) is greater than the value of your awards, you are responsible for paying any additional fees by the August fee deadline, otherwise, you will be de-registered or you may lose your spot in Residence.
- Should the value of the award(s) exceed the amount of fees owing, you will be issued a cheque for the difference in October.
Payment of external awards
External awards (awarded by an organization other than Mount Royal) can be used to defer and/or pay fees only under certain circumstances. It is the student’s responsibility to do the following, prior to the fee deadline:
- Confirm the money that you will be receiving is indeed a scholarship. For example, Registered Education Savings Plans (RESP) are not scholarships and cannot be used to defer or pay fees through the Student Awards Office.
- Confirm whether or not the award is payable directly to Mount Royal. Awards that are payable to the student cannot be used to defer or pay fees.
- If the scholarship is payable to Mount Royal, you must ensure the Student Awards, Office of the Registrar has received a letter, confirming the value of the award prior to the tuition fee deadline.
- If you receive a notification you are receiving your award after the fee deadline, the award will be put onto your account and applied to your next semester’s fees and/or issued to you in the form of a cheque.