Hey guys,

I'm in summer school for two courses, one per semester.

I chose the Summer Flex Plan Amount which is "subject to interest".

It does not however explain the circumstances under which interest will be added to the total amount.

Does anyone have any experience with this?

I would greatly appreciate any input.

Thanks!

Originally Posted by Ish001

Hey guys,

I'm in summer school for two courses, one per semester.

I chose the Summer Flex Plan Amount which is "subject to interest".

It does not however explain the circumstances under which interest will be added to the total amount.

Does anyone have any experience with this?

I would greatly appreciate any input.

Thanks!

http://www.mcmaster.ca/bms/student/p...s_sum mer.pdf

Interest is charged at an annual rate of 14.4% (1.2% per month subject to change).
A full month’s interest is calculated on any balance owing on the last day of each
month starting May 31.