Payment Plans
Payment plans will be available on-line beginning July 15, 2024, in the Bursar Account Suite to students who are registered for Fall and have a prior semester balance of $200 or less.
Fall 2024 Payment Plans |
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| Payment Plan Options | First Day Available | Last Day Available | Total Set-Up Fee | Payment Due Dates |
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| 5 Payments | July 15 | August 23 | $75 | At set-up, Sep 10, Oct 10, Nov 10, Dec 10 |
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| 4 Payments | July 15 | September 10 | $60 | | At set-up, Oct 10, Nov 10, Dec 10 |
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| 3 Payments | September 11 | October 10 | $45 | | At set-up, Nov 10, Dec 10 |
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| 2 Payments | September 11 | November 10 | $30 | |
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Once in the Bursar Account Suite, click on the Payment Plans menu option, select the plan you desire, then follow the steps.
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:
- 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.
- 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.
