Online Payments and Payments by Mail

When a student has selected courses, a Registration Statement is mailed to the student's permanent address approximately six weeks prior to the first day of class.   Students may also access their statements on line by logging on to the myUM system.  Once in myUM, select the "Financial Link" from the "Student" tab and click on the "Billing and Online Payment" link.  If payment or arrangements to pay have not been made with the Office of Student Account Services by the due date of the Registration Statement, the student's courses may be cancelled. Online Payments are the preferred method for completing financial registration in order to avoid the inconvenience of waiting in lines during  Arena Registration.

Financial Aid Deferment

If a source of financial aid other than college work study is not available for disbursement to the student's account but is expected to be disbursed at a later date during the semester, payment of that amount will automatically be deferred (with the exception of the PLUS and alternative loans which require a final guarantee from the lender before they can be deferred).

The anticipated financial aid is automatically deferred contingent upon the student completing and submitting all required paperwork and promissory notes directly to the Office of Financial Assistance Services located on the first floor of the Rhodes House Building 37. Financial aid will only defer the lesser of a) total amount needed to complete financial registration, b) amount of financial assistance yet to be received.  If there is an account balance after the financial aid has been deferred, the student will be required to pay the remaining account balance or to make other financial arrangements in order to complete Financial Registration.

Employer Reimbursement Deferment (ERD)

The Employer Reimbursement Deferment allows a student to defer payment of the portion of tuition being reimbursed by his/her employer. If the student's company has a "Tuition Reimbursement Program" and reimburses the student upon submission of grades, he/she is eligible for this deferment. This deferment is not available to students having a previous outstanding balance or those receiving University of Miami tuition remission.

A letter from the student's company is required stating the tuition reimbursement benefits and the amount or percentage of benefits. Each semester, the student will be required to sign a promissory note, submit an updated company letter, and pay the difference between tuition costs, required fees and the employer reimbursement benefit. All charges will be deferred until the specified due date at the end of the semester. A $100.00 non-refundable, deferment processing fee is assessed each semester and included in the Employer Reimbursement Deferment.

Final arrangements for the Employer Reimbursement Deferment must be made with a representative at the Office of Student Account Services prior to the start of the first day of the semester.

Special Third Party Billing

A written authorization is required for special billing arrangements. If a third party sponsor is to pay all or part of a student's tuition and fees, the Office of Student Account Services will bill the sponsor directly. The student should bring or send a copy of the award letter or sponsor agreement to the Office of Student Account Services before the first day of classes. Sponsorship payments are due within 45 days after the start of each semester.

Withdrawal and Refund

If students have selected courses, they must withdraw from those classes if they decide not to return to the University of Miami. Once students complete the required withdrawal forms, they will receive a refund using a pro-rated calculation based on the percentage of the semester the student has attended.  If a student has attended more than 60% of the semester, no refund on tuition will be given.

Tuition refunds are based on total tuition charges, exclusive of fees, and not on amount paid. Fees are mandatory and are effective the first day of classes. Refunds will be mailed to the student's permanent address. If a student has been awarded financial aid, the financial aid programs from which the funds were disbursed will be refunded in accordance with a formula required by Federal Law. Tuition that is assessed on an annual rather than semester basis (except for tuition for special contracted programs) will be refunded as though it were assessed in two equal halves.