Prior Semester Repayment Agreements

Prior Semester Repayment Agreements

The University of New Mexico Bursar's Office now offers Prior Semester Repayment Agreements to assist students in resolving outstanding balances from previous terms through affordable monthly payments.

Unlike standard semester payment plans, these agreements are designed specifically for past due balances from prior semesters and do not remove existing financial holds or restore registration eligibility until the balance is paid in full and all applicable holds are resolved.

Available Repayment Agreement Options

Benefits of a Repayment Agreement

• Breaks larger balances into manageable monthly payments.
• Helps students avoid additional collection activity while remaining in good standing with their agreement.
• Provides a structured path toward resolving institutional debt.
• Allows students to satisfy their financial obligation over time rather than through a single lump-sum payment.

Eligibility Requirements

To qualify for a Prior Semester Repayment Agreement, students must:

• Have an outstanding prior semester balance that meets the minimum amount for the selected agreement term.
• Agree to automatic monthly payments for the duration of the agreement.
• Remain current on all scheduled payments.

Important Information

• Repayment Agreements are available only for balances from previous semesters and cannot be used to pay current semester tuition and fees.
• Enrollment in a Repayment Agreement does not remove existing Bursar holds, registration holds, transcript holds, or other institutional restrictions associated with the outstanding balance.
• Students seeking to register for future semesters must satisfy all registration requirements, including resolution of any applicable holds.
• Monthly payments are automatically deducted using the payment method established at the time the agreement is executed.
• Failure to make scheduled payments may result in cancellation of the agreement and additional collection activity.
• Students may pay off their agreement early at any time without penalty.
• New charges incurred after the agreement is established are not included in the repayment agreement and remain subject to the University's standard billing and payment policies.
• Repayment Agreements do not automatically renew or roll into additional balances incurred in future semesters.

How to Enroll

Students interested in establishing a Prior Semester Repayment Agreement should contact the Bursar's Office for assistance and eligibility review.

Phone: (505) 277-5363
Email: Bursar@unm.edu

Additional account information and payment options are available through the Bursar Account Suite and the Bursar's Office website.

Standard Semester Payment Plans vs. Prior Semester Repayment Agreements

This program is intended to provide students with a reasonable and flexible option for resolving prior semester debt while preserving the University's responsibility for sound receivables management and stewardship of institutional resources.