Student Financial Services
Billing Information
Students who fail to stay current with their payment schedule will not be allowed to enroll in a future semester. Charges added to the account must be paid in addition to the regular scheduled payment.
Minimum Payments
Your student account is billed for the full amount due during each month. However, a minimum payment is allowed. For the fall and spring terms, up to five (5) time payments may be made after the initial payment. To determine the minimum payment allowed, divide the current bill by the number of scheduled payment dates remaining in the term. A fee of one and one-half percent (1.5%) of the original loan amount will be assessed each payment period on all past due balances.
Late Payment Information
Keeping your payment plan current is essential to maintaining good financial standing. Untimely payments will result in a hold being place on future enrollment and transcripts until the account is brought current. If a class schedule has been made for a future semester and payment becomes delinquent, the future semester schedule will be deleted and academic records blocked. A collection fee of 15% is added when an account is placed with a third party for collection.
How Do I Get My Refund?
We will begin processing fall and spring refunds after the close of the 100% refund period. If you plan to charge your textbooks to your account, please plan to pick up your textbooks prior to the 6th day of classes.
To release your credit balance refund log in to the student portal, click on the “student services” tab and navigate to the “financial aid credit balance refund” link in the box labeled “UCM Financial Aid”. The link will be active 10 days before the first day of the semester. Please keep in mind that only authorized aid can be refunded. You can check your financial aid status by clicking on the “student services” tab and navigating to the “financial aid checklist”. The checklist is a tool to assist you in identifying any incomplete financial aid requirement(s) and links you to the resources to complete the requirement(s).
If you’re expecting to receive a non-UCM scholarship which doesn’t yet appear on your account, the funds may not yet have reached the University. Please contact the sponsor or donor of this scholarship and request that the check (made payable to UCM) be provided as soon as possible to the Office of Student Financial Services (Ward Edwards 1100).
If you have finalized your federal aid and it appears on your UCM account, your refund will be available on the following schedule:
Direct Deposit: At close of business on the day following the end of the 100% refund period, we will process the electronic direct deposit file that we will deliver to the Federal Reserve. If you have set up your direct deposit account, you should expect to receive the deposit from the Federal Reserve to your bank account within two business days after the file is delivered to the Federal Reserve. Although direct deposit is not mandatory, it is the most efficient method of receiving your refund. |
Check: At the close of the 100% refund period, if you have not set up a direct deposit account, your refund check will be printed and mailed. Please keep in mind that once the check is deposited in the U.S. Mail, there may be a few days mailing time before you receive the check. Checks are mailed to your on campus address or local address. To update your local address login to the secure area here. In the absence of a local or on campus address, your permanent address of record will be used. |
How to set up direct deposit:
You can allow refunds to be sent directly to your bank account. You will need information from your personal check or bank statement to set up your banking information. To do this, set up and store your bank account information as a “Payment Profile”. Log in to MyCentral, click on the “Student Services” tab and click on the link labeled “view and pay my bill”. From the top navigation bar, click on the link labeled “My Profiles” and choose “Payment Profile”. At the drop down box labeled “add a payment method” select “electronic check (checking/savings)” and enter “GO”. Fill in the form with your bank routing number and checking/savings account number. You will be asked to confirm the account number by entering the number in reverse. Be sure to click on the check box at the end of the form to allow us to deposit funds to this account. Be sure to save your changes to this form.
Authorized Users
You can give others (parents, employers, etc.) the ability to access your account information. In compliance with the Family Educational Rights and Privacy Act of 1974 (FERPA), your student financial records may not be shared with a third party without your written consent. Adding an authorized user is your written consent that an individual may view your account information and make payments on your behalf. Please note that authorized users DO NOT have access to your stored payment methods, academic records, or other personal information. To add an authorized user, log in to MyCentral and click on the “Student Services” tab. Click on the link labeled “view and pay my bill”. From the top navigation bar, click on the link labeled “Authorized Users”. Add your authorized user email. The authorized user will receive a system generated email with their personal login information. |
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Delinquent Student Accounts
Past due balances owed to UCM must be paid in full. If you fail to meet your financial obligation a hold will be placed on your student account preventing you from adding/dropping classes. A hold will also be placed on your academic records preventing the release of transcripts or diplomas.
Failure to pay may also result in your account being placed with a collection agency, which will result in an additional collection charge of up to 15% of the balance. The University of Central Missouri participates in the State of Missouri Debt Offset program. Each week the names of student, faculty and staff who owe a past due balance to the university are submitted to the State of Missouri. If a state tax refund is pending, the refund may be transferred to the university to be applied to the balance of the account.
We're Here to Help
Donna Bodenhamer, Director of Student Accounts, and her staff will be happy to assist you with your financial needs.
Quick Links
Cost Calculator
Financial Need Estimator
Scholarship Calculator
FAFSA
FAFSA PIN
Federal Student Aid Guide
Promissory Notes
Entrance Counseling
1098-T Form
FAFSA Code: 002454
