How do I know if I need to submit the Promissory Note?

If you are not paying your entire Term Balance by the due date because you are expecting financial aid* to cover it, you must complete the Promissory Note process.

  • you need to pay of any part of the Term Balance that is not covered by financial aid before you complete the Promissory Note
  • Promissory Note Checklist

*acceptable financial aid:

  • uWaterloo scholarships,

  • uWaterloo bursaries,

  • external scholarships, awards or bursaries payable to University of Waterloo,

  • provincial or Canadian government student loans (eg OSAP)

  • GRS, TA, RA,

  • tuition benefit,

  • seniors bursary,

  • approved third party sponsorship (not a relative or a relative's employer)

The Promissory Note is a commitment from you that if any of your financial aid is cancelled or reduced, you accept responsibility for paying your fees personally. 

Proof of financial aid

If you will not have acceptable proof of the financial aid by the due date, you have two options:

  1. pay your entire balance owing by the due date to avoid late fees; or
  2. complete the Promissory Note once you have acceptable proof of financial aid or payment of the remaining balance. NOTE: If this is after the due date, a late fee will be charged to your account.

Problems with your Promissory Note

  • we will notify you by e-mail 
  • we will give you one business day to resolve the problem without incurring a late fee.
  • check your e-mail account regularly; if you miss your “grace period”, a late fee will apply. *We do not waive late fees.

Paying your Tuition?

If you have an account at a bank in Canada, the best way to pay your student fees is by bank payment.  If that isn’t possible, we can also accept a certified cheque, money order, or bank draft from a Canadian bank.

To make an international tuition payment, use one of our approved international payment options. These services are convenient, cheaper than a traditional wire transfer, and post quickly to your student account.  You can also pay in the currency of your choice and get a competitive exchange rate.

Don’t forget to check the date tuition is due to avoid late fees and account holds.