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 only as a five-month plan and the spring semester 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. MPP participants are billed in equal monthly installments once the contract has been e-signed and the first payment has been received. This MPP process will transfer the balance owed in the students account to the Monthly Payment Plan. A total minimum balance of at least $2,000.00 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.  Once your application has been submitted at http://www.miami.edu/osas/mppapp.html  it will be reviewed by the Office of Student Accounts.  Once reviewed and accepted (approximately 48 hours), an automatic email confirmation will be generated to the student from UM Webmaster requesting that the student electronically signs the contract. A PIN number will be included to facilitate access to the on-line process.  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 1^st 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 a 3.95% surcharge on the amount paid plus a $1.00 transaction fee aside from the 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 mail a personal check instead or paying on-line please send the payment to: 

University of Miami

Monthly Payment Plan

PO Box 249146

Coral Gables, FL 33124-4610

If additional financial aid is received after the completion of the MPP contract the credit will be transferred to the Plan with out previous verbal or written notification. Subsequent adjustments resulting from any changes to the student's financial aid award package and 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 in 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.