Past-due accounts
By registering for classes, you (the student) entered into a legally-binding
contract to pay all tuition and fees, including any non refundable fees.
To
resolve a past-due account, first review the Quick Links on the right-hand side
of this page for helpful information.
Current term payment
Your student account payment is due in full to the University of Minnesota by the
billing due dates for the current term. The amount due is a bill, not a loan; you cannot
defer payment. Your May/summer term payment is due in full with the first billing due date.
The installment plan option is not available for May/summer session.
If you are a student with a employer or third party reimbursement agreement, do not wait to pay your
University bill until you have received your reimbursement for a class. You are responsible to pay all of your student account charges in full by the due dates, regardless of whether or not your employer will cover those costs. Typically, third party reimbursements are made at a later date after the course(s) has been successfully completed. To resolve this issue in the future, you may be able to work out third party billing arrangements.
If you have a Regents Scholarship, note that this University employee scholarship covers
tuition only, not fees. As a scholarship recipient, you are required
to pay all your own fees.
Pay current term charges by one of the following methods:
If you are going to be late on your payment or need help with your plan, please contact immediately a One Stop counselor to discuss possible options.
Failure to pay on time
If you do not pay your bill on time, you will be assessed late and installment fees and an AU hold will be put on your account before the current term is complete that will prevent further registration. You must speak with a One Stop counselor if the hold occurs during the current term, or, if the term has ended, an SFC representative. No hold releases can be made until you pay your past due account
balance in full. You are responsible for all late and re-billing fees assessed
to your account as long as it remains past due. Learn more about holds and their effect on your University student record.
Past-due payment
Your past-due student account balance must be paid as soon as possible. You are responsible for all late and re-billing fees assessed to your account while it remains past due. Be aware that you cannot set up a payment plan for
the current term's charges; you are on the installment
payment plan for the current term. Make your payments following these guidelines:
- Make payments online at UM Pay or in-person at a Bursar's
Office, or at the Student Financial Collections Office in 20
Fraser Hall.
- Payments to SFC must be a personal
check, money order/cashiers check, or cash for the exact amount due.
- If your payment is made with a personal check, you may wait at least two weeks before a hold release will be given.
- If you pay in cash, you must bring the EXACT AMOUNT due.
- SFC does not accept any amount over the total due on your student account. Your
payment will be refused if you try to overpay.
Collection status
Your account will be placed into collection status if you fail to pay the
total balance by the due date on the third billing statement in the current
term. You are responsible for all attorney's
fees, court costs, agency commissions, and other assessments incurred to collect
your unpaid account balance. See consequences of non-payment for more information.
Payment plans
Be aware that you cannot set up a payment plan with SFC for the current term's charges while you are on the installment payment plan.
If your account is in collection status and you cannot pay
the balance due in full, contact an SFC representative (assigned to you alphabetically by your last name) to set up an payment plan. The minimum monthly payment amount is $50 and the maximum repayment period allowed is two years (24 payments). Your payment plan timeline will be the shortest possible period based on the balance due. You may appeal to extend the timeline by submitting a Payment Plan Change Request and Financial Statement to SFC as proof of financial hardship. Your regular payments must continue until your appeal is officially approved. Once approved, an SFC representative will determine the length of your payment period.
Once you have a payment plan agreement, you must make all payments on time in the correct amount, beginning with the pay plan start date. At the time of your first payment, late fees and installment fees will no longer be charged as long as you continue to make all monthly payments on time.
Additional terms
- No penalty for prepayment
- You can pay more than the monthly amount due or pay your bill in full at any time.
- Paying more than one month does not lower next month’s payment amount.
Default
If you make payments for less than the agreed upon amount without prior consultation with SFC, you could be considered in default.
- Default means that you have stopped making monthly payments on time per your agreement with the University.
- Missing one payment could result in default.
- All attorney's fees, collections costs, late fees, installment fees, court costs, collection agency commissions and other collection costs will be reinstated.
- Your account could be sent to an outside collection agency and credit reporting agencies notified of your default status.
