HFBoards

Go Back   HFBoards > NHL Eastern Conference > Atlantic Division > Montreal Canadiens
Notices

Concordia won't accept CC payements for Tuition

Reply
 
Thread Tools
Old
08-13-2009, 08:34 PM
  #51
hotcarle
Registered User
 
hotcarle's Avatar
 
Join Date: Jul 2009
Location: vd, qc, ca
Posts: 722
vCash: 500
I am going to have to deal with this nuissance as well, but at least our subsidized education is reasonably affordable. Just across the border, Clinton county community college has a 5000$ a semester special. Our schools are pretty good, concordia and mcgill are schools that attract tons of students from china and the states. Anyone at jmsb can testify to that.

hotcarle is offline   Reply With Quote
Old
08-13-2009, 10:00 PM
  #52
teflonsteve
Registered User
 
teflonsteve's Avatar
 
Join Date: Sep 2008
Location: Fredericton
Country: Canada
Posts: 359
vCash: 500
Quote:
Originally Posted by Lord Chezz View Post
Prime + 1
you probably won't find many deals like that around considering most banks with a secured line of credit (home equity line) are charging at least prime + 1 and thats with your home as security.

teflonsteve is offline   Reply With Quote
Old
08-13-2009, 11:00 PM
  #53
terreur
Registered User
 
terreur's Avatar
 
Join Date: Jan 2006
Location: Montreal
Country: Canada
Posts: 3,738
vCash: 50
Quote:
Originally Posted by Travis Moen View Post
I'm assuming the guy doesn't have 1800 in his bank amount.

If he pulls out 1800 from his credit card, he will be charged interests from the first day until he pays off the amount.
If he pays directly with his credit card, interests start only after the due date (+/- 1 mont).
It doesn't really change anything... Cause if he takes the cash advance of 1800$ he'll be charged interest from day 1 to day of payment.

If he would of paid by credit card, he would have until the due date to pay, but if he doesn't pay the full amount by due date he gets the interest of day 1 to due date charged for each purchased. so the 1800$ expense he did will be charged from the date he paid the school fees until the due date. So basiclly he will pay the same interest as if he would of done a cash advance.Interest will run every month until he clears the balance...

terreur is offline   Reply With Quote
Old
08-13-2009, 11:02 PM
  #54
Beaker
In My Lab Goggles
 
Beaker's Avatar
 
Join Date: Jun 2007
Location: In The Lab.
Country: Canada
Posts: 4,404
vCash: 500
Quote:
Originally Posted by teflonsteve View Post
you probably won't find many deals like that around considering most banks with a secured line of credit (home equity line) are charging at least prime + 1 and thats with your home as security.
It is prime +1.

Beaker is offline   Reply With Quote
Old
08-13-2009, 11:11 PM
  #55
Sined
The AndroidBugler!
 
Sined's Avatar
 
Join Date: Jun 2007
Posts: 6,373
vCash: 500
Quote:
Originally Posted by neofury View Post
Go to bank, take 1800$ out of your cc, pay mcgill/concordia.

[/thread]
Quote:
Originally Posted by Renholder View Post
I immediately thought of that!
However, we are students and we complain for the sake of complaining. I haven't stepped inside my bank for 3 years , don't' want to start now.

That's what I was going to do, log in to my bank account, tranfers wtv funds I need from my CC to my bank account then forking it over to Concordia.

Sined is offline   Reply With Quote
Old
08-14-2009, 12:28 PM
  #56
habfaninvictoria
Registered User
 
habfaninvictoria's Avatar
 
Join Date: Nov 2007
Location: Victoria BC
Posts: 1,652
vCash: 500
Concordia should not have been able to institute these changes at this late a date. I understand from the schools point of view that it is a significant amount of money they'll be saving in fees but they could have given the students better notice.

If the school doesn't want students to pay via credit card because of fees they will incur, perhaps they should allow the student the option of paying these fees as a surcharge. Yes this will add to your financial burden, but your CC most likely has incentive such as cash back, or air miles which will almost offset this extra cost. This is a bit better than taking the cash advance on your CC, but really we're only talking about $10-15.

As a larger picture, Student Unions should put pressure on the Government to legislate financial institutions to waive the user fees charged to Universities with regard to tuition fees. This would also involve the CC holder waiving his/her rights to any incentives (Air Miles) earned on that purchase. I don't know how likely this is to happen but who knows.

As for those individuals that have to wait until Sept to receive Gov't aid but have to pay a few days earlier, isn't there an option to remit student fees to the university and the balance to the student. I could be wrong. I'm lucky I went to McGill when the whole year cost me $900, so I was alway able to pay for it with savings from my summer job.

Good Luck

habfaninvictoria is offline   Reply With Quote
Old
08-17-2009, 03:13 PM
  #57
teflonsteve
Registered User
 
teflonsteve's Avatar
 
Join Date: Sep 2008
Location: Fredericton
Country: Canada
Posts: 359
vCash: 500
Quote:
Originally Posted by Montrealistic View Post
It is prime +1.
Where? Im very curious seeing as I work in the banking industry.

teflonsteve is offline   Reply With Quote
Reply

Forum Jump


Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:52 PM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"
Contact Us - HFBoards - Archive - Privacy Statement - Terms of Use - Advertise - Top - AdChoices

vBulletin Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. 2014 All Rights Reserved.