Payment Plans

Payment plans will be available on-line beginning May 11, 2024, in the Bursar Account Suite to students who are registered for Summer and have a prior semester balance of $200 or less. 

Benefits of Enrolling in a Payment Plan

• Breaks your large balance into lower, more affordable monthly payments.
• Reduces and can eliminate your need to incur student loan debt.
• Avoid monthly service charges that are assessed on unpaid billed balances.
• Avoid a past due bursar hold allowing you to add or drop courses as needed.

Enrollment Requirements

• Must be registered in the current semester;
• Must have at least $100 in charges in the current semester;
• Cannot have a prior semester balance greater than $200.

Other Important Information

• Four plans are offered during the Fall and Spring semester: 2, 3, 4 and 5 payment plans.
• Two plans are offered during the Summer semester: 2 and 3 payment plans.
• Each plan has a set-up fee of $15 per payment: $30, $45, $60 and $75 for the 2, 3, 4 and 5 plan, respectively.
• Due dates are the 10th of each month during the semester for the respective plan. Service charges of 1.2% will be assessed on the 10th of the month for all outstanding charges if you don't have a plan in place on the 10th of the month.
• Scheduled payments are required when setting up a plan, meaning:
  • The first payment is due at the time of set-up, and
  • All subsequent payments will be automatically made in the early morning of their due date.
    • Payments can be made manually, either with the same payment method or a different one, but the payment must be received by 5:00 PM the business day before the due date.
    • The payment method associated with the payment plan cannot be deleted, however, it can be changed:
      • See StudentInfo AnswerID 3150 for instructions.
      • The change must be made by 5:00 PM the day before the due date.
    • If the credit or debit card being used expires, the plan may become delinquent at which point a service charge will be assessed and a financial hold placed on the account.
      
      • See StudentInfo AnswerID 3389 for instructions.
• All plans will include all charge balances in an account except Child Care Charges and Short-Term Loans.
• New charges and payments in your account will automatically adjust your remaining payment plan amounts, and you will receive an email each time your amounts change.
  • Exception:  An upcoming payment will not adjust for a charge that is added to your account within 14 days of the payment due date.
• Your payment plan agreement is always viewable in the Bursar Account Suite.
• Payment plans do not roll over into future semesters. In other words, a new plan must be set-up every semester.
• Visit students.unm.edu for additional information.