Terms and Conditions
Student accounts, for pre-registered students, are due one (1) week before the first day of classes. For students who are not pre-registered, account balances are due on the day you register for classes. However, in light of special financial circumstances, the University offers a monthly Payment Plan to qualified students. There is a non-refundable fee of $30.00 (per semester), which is applied along with your first payment.
Payments are generally calculated in four equal installments. The following is an example of how this works:
In December you receive a bill for $1,200.00. You would then divide the $1,200.00 into four equal payments of $300.00, plus the $30.00. Your first payment due would be $330.00. If your charges do not change, the remaining three payments would be $300.00.
If there are any changes to your invoice after your enrollment in the plan, for example, bookstore charges, financial aid, change of classes, etc., the subsequent payments will be adjusted and reflected on your remaining statements.
| UMFK Payment Plan Schedule | |
|---|---|
| Jan. 15 (spring) May 15 (summer) Sept. 15 (fall) | 1st Payment Due |
| Feb. 15 (spring) June 15 (summer) Oct. 15 (fall) | 2nd Payment Due |
| March 15(spring) July 15 (summer) Nov. 15 (fall) | 3rd Payment Due |
| April 15 (spring) Aug. 15 (summer) Dec. 15 (fall) | 4th Payment Due |
You are responsible for remitting payments on time, in accordance with the monthly payment plan schedule. A $50.00/semester late payment fee is assessed if payments are not timely. Payments may be made by cash, check, debit cards, Visa, MasterCard and Discover.
To participate in the Payment Plan, please complete the payment plan form and return it to the UMFK Business Office along with your first payment due.