The Monthly Payment Plan (MPP) allows you to divide all or part of your annual educational expenses into ten convenient monthly payments.  This plan is also offered for the fall or spring only as a five-month plan.  MPP is a pay-as-you-go budgeting plan, instead of saving to make a single payment at the beginning of each semester.  MPP participants may budget annual tuition, fees, on-campus housing, and meal plan expenses as a part of their regular monthly payments.  Participants are billed in equal monthly installments once the contract has been e-signed and the first payment has been received.  This process will transfer the balance owed in the student's account to the Monthly Payment Plan.  A total minimum balance of at least $2,000 is required to participate in this plan. A non-refundable participation fee of 3% of the plan amount is charged and included in the monthly payments.

The on-line application does not represent a final contract.  The application should be processed via the web at http://www.miami.edu/osas/mppapp.html, it will be reviewed by the Office of Student Accounts and once reviewed and accepted (approximately 48 hours), an automatic email confirmation will be generated to the student from UM Webmaster requesting the student electronically sign the contract.  PLEASE NOTE: Payment Plan contracts will only be finalized once the first monthly payment is received along with the e-signed Agreement, Account Summary, Deferment and Promissory Note.  Once the MPP is finalized then monthly bills will be mailed to the student by our servicer E.C.S.I. (888-549-3274).  All payments are due on the 1st of each month; a $20.00 late fee will be incurred if not paid on time.

Payments can be submitted at time of e-signing with a credit card (there will be 3.95% surcharge on the amount paid plus a $1.00 transaction fee aside from 3% MPP participation fee), or by electronic check ($1.00 fee).  Once the contract has been e-signed and the first payment made, you can have the subsequent payments debited monthly from your checking account via ACH (at no charge).  If you have electronically signed the agreement but prefer to either mail a personal check or pay via electronic check instead, please use the following mailing address:

University of Miami
Monthly Payment Plan
PO Box 249146
Coral Gables, FL  33124-4610 

For electronic check payments please use the following web address:

www.ecsi.net/gateway/ecsi-epay.html

If additional financial aid is received after the completion of the MPP contract, the credit will be transferred to the Plan without previous verbal or written notification.  Subsequent adjustments resulting from any changes to the student's financial aid award package and/or  to the student's account will be adjusted on established MPPs with no previous notifications to the student.  It is the student's responsibility to notify the Office of Student Account Services of any changes that will affect the overall value of the MPP.  Failure to do so may cause a balance on the student's account after all payments of the initial MPP have been finalized.  Accordingly, if you pay via electronic check (ACH), the amount debited from your bank account will change as a result of any changes to the plan.

 Student Account's Monthly Payment Plan can be accessed on our web site at http://www.miami.edu/osas/mppapp.html.

 Monthly Payment Plans are not available for summer sessions.

Sample Plan

Full-Time Undergraduate Student
10 Month Payment Plan
(BASED ON ESTIMATED COSTS)

APPLICATION:  Fill in an on-line application by selecting the Monthly Payment Plan application link on the left border. The preferred deadline date is July 15 for Fall and December 1st for Spring.

 *If you have adequate health insurance, this fee may be waived (at the discretion of Student Health Services) by submitting a waiver form prior to registration to the Health Center.

*This amount is estimated; contact Student Health Services (305)284-5927 to get actual cost of Health Insurance. This amount is for all students except graduate and law students.