Receiving your financial aid | Mount Allison

How to accept your financial aid

To accept your Financial Aid Package, you simply need to pay your registration deposit before May 1.

Your registration deposit ($100 for Canadian citizens and permanent residents; $250 for international students) will confirm your intent to attend Mount Allison and acceptance of any financial aid offers.

Ready to pay your registration deposit? Make a payment.


How to receive your financial aid

Once you've accepted a scholarship, bursary, or award from Mount Allison, the value will be applied to your student account automatically  in two equal installments — normally before tuition and fees are due each term. 

If you have remaining funds (your financial aid creates a credit on your student account), you may request a refund by by e-transfer by completing the online refund request form located in your Connect account. Alternatively, you may opt to leave the credit balance on our account to reduce any future semesters tuition and fee charges. 

By financial aid type

Entrance scholarships

Entrance scholarships are disbursed by term:

  • 50% at the beginning of the fall term
  • 50% at the beginning of the winter term*

You can review your student account and scholarship payments in Connect > Account Statements.

How funds are applied to accounts: In many cases your scholarship will be applied to your student account from a general entrance scholarship fund, therefore will see a line item with a generic label of entrance scholarship listed with the value of your award. Alternatively, your scholarship could be applied to the student account directly from the donor funds, in this case you will see the donor name listed on your account statement rather than a general scholarship line item.

Throughout the academic year, your entrance scholarship may be matched to a generous donor who will provide the funding for your scholarship. If this happens, you will be notified by email, then your account statement will be updated. You will see the general line item of your scholarship reversed and immediately reapplied from the donor's fund. Please note that your scholarship value does not change, simply the name of the fund. In some cases, you may be multiple donors and therefore may have multiple line items.

*Important note: Scholarship recipients who register in a part-time course load for the winter term are at risk of having their winter scholarship installment revoked. Should the scholarship holder register in 6 or less credits for the winter term, the Financial Aid and Awards Counsellor will contact the student to discuss course load and potential scholarship removal.

Major scholarships

Major scholarships are disbursed by term:

  • 50% at the beginning of the fall term
  • 50% at the beginning of the winter term*

You can review your student account and scholarship payments in Connect > Account Statements.

*Important note: Scholarship recipients who register in a part-time course load for the winter term are at risk of having their winter scholarship installment revoked. Should the scholarship holder register in 6 or less credits for the winter term, the Financial Aid and Awards Counsellor will contact the student to discuss course load and potential scholarship removal.

Entrance bursaries

Bursaries are pre-approved on the basis of demonstrated financial need.

To receive your bursary, you must be approved for a student loan from your province and/or the Canada Student Loan Program.

Before we disburse your pre-approved bursary, a copy of your student loan assessment/summary received from the province must be sent to financialaid@mta.ca.

Once we receive your student loan confirmation, your entrance scholarship will be applied to your Connect student account automatically.

University bursaries are disbursed by term:

  • 50% at the beginning of the fall term
  • 50% at the beginning of the winter term*

You can review your student account and bursary payments in Connect > Account Statements.

How funds are applied to accounts: In many cases your entrance bursary will be applied to your student account from a general entrance bursary fund, therefore will see a line item with a generic label of entrance bursary listed with the value of your award. Alternatively, your bursary could be applied to the student account directly from the donor funds, in this case you will see the donor name listed on your account statement rather than a general bursary line item.

Throughout the academic year, your entrance bursary may be matched to a generous donor who will provide the funding for your bursary. If this happens, you will be notified by email, then your account statement will be updated. You will see the general line item of your bursary reversed and immediately reapplied from the donor's fund. Please note that your bursary value does not change, simply the name of the fund. In some cases, you may be multiple donors and therefore may have multiple line items.

*Important note: Students in receipt of an Entrance Bursary calculated based upon full-time course-load who adjust their registration status to part-time (6 or less credits) are at risk of having their winter installment revoked or recalculated due to the variance in program cost. Should this occur the Financial Aid and Awards Counsellor will contact the student to discuss course load and potential bursary value adjustments.

University general bursary

Approved in-course bursaries will be automatically applied to the your student account in two equal installments:

  • 50% at the beginning of the fall term
  • 50% at the beginning of the winter term*

However, should your bursary be approved in the winter term, the full value of the bursary will be placed onto account in one installment.

How funds are applied to accounts: In many cases your bursary will be applied to your student account from a general bursary fund, therefore will see a line item with a generic label of University General Bursary listed with the value of your award. Alternatively, your bursary could be applied to the student account directly from the donor funds, in this case you will see the donor name listed on your account statement rather than a general bursary line item.

Throughout the academic year, your bursary may be matched to a generous donor who will provide the funding for your bursary. If this happens, you will be notified by email, then your account statement will be updated. You will see the general line item of your bursary reversed and immediately reapplied from the donor's fund. Please note that your bursary value does not change, simply the name of the fund. In some cases, you may be multiple donors and therefore may have multiple line items.

*Important note: Students in receipt of university general bursary funding based upon full-time course-load calculations who adjust their registration status to part-time (6 or less credits) are at risk of having their winter installment revoked or recalculated due to the variance in program cost. Should this occur the Financial Aid and Awards Counsellor will contact the student to discuss course load and potential bursary value adjustments.

Canadian student loans

 

U.S. student loans

Your U.S. student loan(s) will be disbursed in two installments:

  • 50% at the beginning of the fall term
  • 50% at the beginning of the winter term

The value will be applied to your student account automatically.

For more details, visit U.S. student loans.

Athletic awards

Approved athletic awards will be automatically applied to the your student account in the term(s) for which it is awarded.

University athletic awards are disbursed by term:

  • 50% at the beginning of the fall term
  • 50% at the beginning of the winter term

You can review your student account and bursary payments in Connect > Account Statements.

Departmental awards

Departmental awards are placed onto the student account in the term they are awarded. Large value awards are placed onto account in two equal installments :

  • 50% at the beginning of the fall term
  • 50% at the beginning of the winter term

Other athletic awards and those awarded in the winter term are applied to account in one installment.

Questions? We're here to help! 


Renewability criteria for first-year students

Below you will find a list of various awards. Find the name of the award that is outlined in your Financial Aid Offer Package to learn more about your scholarship, bursary, or award ― and to understand the renewal criteria.

List of awards

Entrance Scholarships & Entrance Bursaries

Major scholarships

For all the scholarships listed below, visit major scholarships for more info.

  • Brenton Wood Scholarship
  • Class of '68 Entrance Scholarship
  • Herbert S. Sharp Scholarship
  • Leta G. Hill Scholarship
  • MacGillivray-Hamilton Scholarship
  • Marjorie Young Bell Scholarships and Bell Family Achievement Award
  • McCain Scholars Awards
  • President's Scholarship
  • SHAD Fellow Exclusive Scholarship
  • TransAlta Aboriginal Scholarship
  • Harrison McCain Scholarship in memory of Marion McCain

Designated bursaries

For all the bursaries listed below, visit major bursaries for more info.

  • Harvey Gilmour Bursary
  • Joyce Foundation Purdy Crawford Bursary
  • Oscar Z LeBlanc Bursary
  • Samuel and Cora Vallis Bursary

Awards

For all the awards listed below, visit awards for more info.

  • Aubrey and Nancy M. Cameron Awards
  • CIS Residence Award
  • Community Leaders Award
  • International Award
  • International Baccalaureate Scholar Award
  • J.E.A. Crake Award – Tantramar
  • Residence Award
  • Top Student Scholar Award
  • WUSC Award

Say thank you to your donor!

Scholarships and bursaries are made possible by the generosity of donors. Hearing from recipients help donors realize the impact of their giving. Sending a letter of gratitude confirms that this student award was important enough for you to take the time to say thank you.

Fill out our Say Thank You form, and we'll make sure your donor receives your thank you message.