Installment Payment Plan
You may make installment payments for fall and spring semesters. The installment plan is not available during the summer. You may elect to pay in installments by simply paying the minimum amount due listed on the bill by the due date. Your billing will list both your Balance Due and a Minimum Payment Due amount. You need to make the minimum payment listed by the due date indicated to keep your account current, to avoid late payment fees, and to avoid a hold being placed on your academic records. You may receive up to two additional billing statements during the term and each will indicate a minimum payment amount.
The minimum payment is a percentage of your current term account balance only, as of the billing date, plus any previous unpaid balance. Balances or transactions from previous terms are always due. You are assessed billing charges for the current term if you have a previous outstanding balance. Any payments that you make will always be applied to the oldest charge on your account. Paying more than the minimum payment due on your account or paying before you receive your bill does not reduce the percentage required on your next billing due date - you are required to pay the standard percentage of the balance.
A $35.00 rebilling fee will be assessed once per term for participating in the installment plan. If you pay less than the full amount, you will be assessed the rebilling fee on your next statement. Any time you pay less than the minimum amount by the due date, you are charged a $30.00 late payment fee in addition to the rebilling fee and a hold is placed on your records. Payments must be received (not postmarked) by the due date to be considered on time and to avoid a late payment fee and hold on your record. Online payments must be completed by 5 p.m. central time on the due date to be considered on time.
If you are assessed the late fee for not meeting the minimum amount due, and the next billing cycle has begun, you will be required to pay your balance in full to have the hold removed for registration, transcript or degree requests.
You are responsible for checking your UMD email account for your electronic billing and for making your account payment(s) on time.