In-person Finance operations are suspended until further notice. Finance service modifications are available on the Finance Resources COVID-19 website. For specific Finance enquiries, please visit our Contact Us page or email us directly at rt-FIN-general@rt.uwaterloo.ca.

Promissory Note Checklist

The Promissory Note process allows you to leave a balance owing on your student account equal to the amount of financial aid you will be receiving during the term. If you prefer to pay your Term Balance in full by the due date, you do not need to complete the Promissory Note.

Only specific types of financial aid are accepted on the Promissory Note. 

You cannot use the Promissory Note to wait for these types of funding:

  • OSAP (or other government student loan) estimates
  • RESP funds
  • Scholarships, bursaries, and loans from outside Canada or the USA
  • bank drafts or cashier's checks drawn on a bank that is not a US or Canadian bank
  • Private bank loans or student lines of credit
  • Employer reimbursements
  • A promise to pay later from personal sources, family members, employment income or a Co-op job
  • Tuition Vouchers
  • Proof of student loan funding from the CanLearn site
  • A graduate Offer of Admission letter
  • External scholarships, bursaries, awards payable to the student
  • BC Passport to Education

The University cannot reimburse staff or faculty who choose to cover any fees posted to a student’s account, regardless of the reason. Departments wishing to provide financial assistance to students need to authorize an award or offer payment via an RA or TA. 

You can use the Promissory Note to wait for these types of funding:

Some will appear on your student account in Quest as Anticipated Aid, so when you are completing the Promissory Note in Quest, you will not need to provide a proof document.  Other forms of financial aid will not so you will need to upload a proof document during Step 4 of the Promissory Note process, showing the amount of funding you will be receiving during the term.

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.