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 $20.00 (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 $20.00. Your first payment due would be $320.00. 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 - Spring 2008 | |
|---|---|
| January 16, 2008 (pre-registered students) | 1st Payment Due |
| January 23, 2008 (registering students) | 1st Payment Due |
| February 18, 2008 (Second installment) | 2nd Payment Due |
| March 17, 2008 (Third installment) | 3rd Payment Due |
| April 14, 2008 (Fourth installment) | 4th and Final Payment |
Each month, a detailed invoice will be mailed to you. Invoices are generally mailed two weeks prior to the due date. You are responsible for remitting payments on time, in accordance with the monthly payment plan schedule. Loss of your invoice does not relieve you of your obligation to pay on time. A $50.00 late payment fee is assessed if payments are not timely. Payments may be made by cash, check, Visa, and MasterCard. We no longer accept Discover or American Express.
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.