Revised 08/2009
Reviewed 08/2009

What charges may be included in the Monthly Payment Plan?

The Monthly Payment Plan may cover tuition, fees, room and board. The plan will not cover outstanding or past due balances from previous semesters or any other University charges (i.e. parking fines). The payment plan is available on an annual basis for the Fall and spring semesters combined, and fall and spring only plans. There is a minimum contract amount of $2,000. Fall and spring semester combined payment plans are issued for ten months, while the fall is issued for five months and the spring plan is issued for five months. These payment terms are fixed and cannot be modified. Intersession and summer classes are not included on Monthly Payment Plans.

Is there a charge for participating in the Monthly Payment Plan?

A 3% non-refundable, Participation Fee is charged on the total amount financed and included in the monthly payments.

How are monthly payments calculated?

The University will add all charges (tuition, fees, room, and board) and subtract all financial assistance (except College Work-Study, Miami Commitment, and any other aid that does not pay directly into student accounts) for the academic year. A 3% non-refundable Participation Fee is added to this amount to arrive at a total contract amount. The contract amount is divided by ten months for fall and spring; five months for the fall; and by five months for spring to determine the monthly payment. Adjustments, such as adding dorm or meal charges not previously entered in the MPP or loss of financial aid will cause changes to the plan and to the monthly payments, but you will not be required to sign a new contract. Anyone on ACH (electronic check) will have the ACH adjusted to reflect the new payments at the time the adjustment is processed.

When does the Monthly Payment Plan become effective?

The Monthly Payment Plan goes into effect when the contract has been e-signed and the first payment is received by the Office of Student Account Services or is paid online. Once the online application has been accepted, an email with the link and instructions on how to e-sign will be sent to the original email address used to apply online, as well as the pin number necessary to log on.

How will the Monthly Payment Plan be applied?

The Monthly Payment Plan balance will be posted as a credit on the student's account prior to the Fall and Spring semesters. Balances of the MPP are not reflected in myUM. If you have a payment plan, there will not be balances in your student account. Payments related to an MPP account must be current in order to receive credit for the Spring semester and allow the student to select courses for upcoming semesters. Past due MPP account will not be allowed to register for subsequent semesters. Certified check payments will only be accepted for past due accounts (No personal checks will be accepted).

If I have signed up for campus housing, will I receive my housing deposit at the end of the year?

Housing deposits are calculated in the MPP advance for the Spring semester. Therefore, the Spring advance will be $250.00 less than the Fall semester advance.

How will I be billed?

Once the first payment has been received along with the e-signed contract, students will receive a monthly bill from our billing servicer, Educational Computer Systems, Inc (ECSI 888-549-3274). This bill is due on the first day of each month.

Can I pay my monthly payments with a credit card? 

Payments can be submitted at time of e-signing with a credit card at an additional fee, or by electronic check ($1.00 fee). You can log on to https://www.ecsi.net/ to pay on a monthly basis be it with a credit card or electronic check.

Once the contract has been e-signed and the first payment made, you can have the monthly payments debited monthly from your checking account via ACH (at no charge). You can call our Servicer, ECSI, for more information at 888 549-3274. If you have electronically signed the agreement but prefer to mail a personal check instead of paying online please send the payment to:

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

I lost my payment coupon and mailing envelope, and I do not know my account number. What should I do?

Payments can be made directly to the cashier's office in the Ashe Building, provided you mention that the payment is for the MPP.

May I defer my payments?

No, all payments must be paid in full as scheduled.

Will I be charged a late fee if my payment is not received on time and in full?

A $20.00 late fee will be assessed on all late and partial payments.

My billing statement and payment amount are incorrect. What should I do?

If there is a question on your billing statement, please contact our office immediately at (305)284-6430 option 6.

What happens if my check is returned from the bank?

A returned check fee will be assessed on the student's MPP account as listed below and the student's check cashing privileges may be revoked. Payment in the amount of the returned check plus a $25.00 fine must be made in certified funds (cash, cashier's check, or money order). 

Returned Check - $25.00 Fee

Can I add additional charges on the Monthly Payment Plan once the plan is in effect?

Yes, but only if changes are related to Tuition, fees, housing, or meals. Please call 305-284-6430, option 6 for changes to your MPP. In addition, if our office is made aware of any changes in the student account, be it tuition, room and board, meals or financial aid the MPP will be adjusted with no previous notifications to the student or co-signer. However, it is the student's responsibility to notify the Office of Student Account Services of any changes that can affect the overall value of the MPP. Failure to do so may result in a balance on the student's account after all installments payments of the initial MPP have been finalized.  

What happens if I drop a class, cancel a meal plan, and/or move out of campus housing?

The University will adjust the student's Monthly Payment Plan balance and recalculate the remaining monthly payments. However, you are required to notify us at 305-284-6430 option 6.

What happens if I withdraw from the University or if I do not enroll for the Spring semester?

Upon written notification, the University will cancel the Monthly Payment Plan and calculate any refunds due in accordance with the University's withdrawal and refund policies. If the student withdraws for the Spring semester, he/she is responsible for the payment of the plan through the Fall semester and for the 3% Participation Fee for the entire academic year.

Can the Monthly Payment Plan be used for Intersession or Summer Tuition charges - or for Spring only?

The payment plan is available on an annual basis for the Fall and Spring semesters combined. It can be adjusted for January's intersession but not for the March intersession as there is insufficient time left in the semester. Please note that intersession courses are not included in the University's fixed rate of 12 to 20 credits. They are billed separately as a separate cost. If you are adding an Intersession course to your spring class schedule and you would like to include this charge in your Monthly Payment Plan, you MUST notify the Office of Student Account Services in order to modify your existing payment plan. Alternatively, if you prefer not to adjust your monthly payment plan, you must then make a separate payment to cover the cost of your intersession charges.

When an application is submitted on-line, who receives the e-mail with the PIN number that will allow access to the MPP contract to be e-signed?

All e-mails go to the original e-mail address used at the time of applying on-line.