Student Financial Assistance
The MSU is committed to supporting students throughout their post-secondary studies, and one aspect of this responsibility includes providing a variety of resources and services concerning student financial assistance. Embarking on the road of further education is an exciting endeavour for many students, yet is often accompanied with high upfront costs, unexpected monthly expenditures, and very high student debt. As a result, the MSU has centralized all of the aid it provides here. Moreover, McMaster University has created an excellent resource on external sources of aid and improved student financial literacy, which you can access here.
The MSU has an extensive policy bank that outlines our priorities and stances on a variety of student issues. One of these policy papers is titled "Tuition & Post-Secondary Education Affordability" and contains the MSU's principles, concerns, and recommendations regarding tuition, student financial assistance, and other financial barriers. This resource can be found here and can help you learn about the MSU's current stance on cost pressures for students. In Fall 2018, the MSU will be rewriting this policy paper to provide updated stances.
The MSU is currently a member of the Ontario Undergraduate Student Alliance, which is a provincial advocacy organization that represents over 140,000 thousands students in Ontario. OUSA consistently works with the Ministry of Training, Colleges, and Universities and other stakeholders on improving the student experience, and develops policy, research, events, and submissions to advocate on students' behalves. To learn more about OUSA's work, please visit the OUSA website. Their policy on financial matters can be found in their Tuition and Reforming Ontario's Student Financial Assistance System policy papers, located here.
Services & Resources
1) MSU Emergency Bursary
Each year, the MSU allocates $10,000 to provide MSU members with emergency bursary funding. Students experiencing financial need due to exceptional circumstances during the year can follow the steps below:
- Complete the personal profile section of the online financial aid application by clicking ‘Apply for Financial Aid’ in the Mosaic Student Center.
- Visit Student Financial Aid & Scholarships (Gilmour Hall, Room 120) to speak with a Student Loans & Awards Officer. Find Student Financial Aid & Scholarships office hours.
All information regarding the bursary can be found here.
2) Mac Bread Bin
Mac Bread Bin is one of the MSU's many student-oriented services. This service is twofold, and provides food assistance to students while keeping anonymity, and also providing programming dedicated to address hunger issues at a local level. To access this food assistance, you can find the Mac Bread Bin Voucher Form here. Moreover, to involve yourself with the programming Mac Bread Bin provides, please see their MSU webpage.
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