Home > Finances > Payment plan

Payment plan

If you would like to pay the amount due on your student account in installments, you can enroll in the payment plan. The payment plan is available when all the following are true:

  • It is fall or spring semester
  • You are a degree-seeking student
  • Your amount due is $300 or greater

You can enroll in the payment plan through the My Finances tab on MyU (see step-by-step instructions). A $20 charge per semester will be added to your balance when you enroll. Note: only you can enroll in a payment plan for your account, even if someone else is making the payments.

The payment plan is campus- and semester-specific. That means you will need to enroll in the payment plan each semester you would like to use it. If you are enrolled in courses on more than one University of Minnesota campus and wish to have the payment plan for both bills, you’ll need to enroll in the payment plan separately for each campus.

The balance due must be received by the due date to keep your account current, to avoid late payment fees, and to avoid a hold on your record. If your total amount due changes after you enroll in the payment plan (due to enrollment changes or bookstore charges, for example), it will affect the following payments. The best way to determine how much you need to pay is by going to the My Finances tab on MyU.

The installment amount is a percentage of your current term account balance only, as of the billing date. Generally, the payment plan is three equal installments; the first installment is 33 percent of your total due, the second installment is 50 percent of your total due, and the third installment is 100 percent of your total due as of the billing date. The payment plan covers the first three due dates of each of the fall and spring semesters.

Some charges are not eligible for the payment plan. Balances or transactions from previous terms are due in full and are ineligible for the payment plan and will be added to your first installment of the payment plan for the current term. If your payment is late, you will be charged a late payment fee and a hold will be placed on your record.

There is no payment plan for the summer term; payment is due in full by the due date when billed.

Important Dates

Billing & Payment

Thu, Aug 22, 2019 Summer payment due in full
Wed, Sep 4, 2019 First billing statement for fall available (due date: 9/17/19)
Tue, Sep 17, 2019 Fall payment due in full (or first payment if enrolled in payment plan)