How to Read your Billing Statement
The new billing statement was designed using input from students and parents. We’re confident that you will find this statement easy to use, and the definitions shown below should make it even easier.
Also, as part of our efforts to simplify transactions on the Student Account, we have made it possible to complete many of them electronically – including refunds, which can be deposited directly to your checking or savings account, and payments, which can be made from your Pathway account (https://umkc.umsystem.edu/psp/prd/?cmd=login).
1. Balance From Last Statement: the Account Balance from your most recent Monthly Billing Statement.
2. Other Charges:
- Charges & Credits from other campus departments (such as the University Bookstore, ID card charges, and Parking)
- Finance Charge: applied to the unpaid Adjusted Amount Due from your last monthly billing statement. It is calculated monthly by taking the last Adjusted Amount Due, subtracting any credits applied, and computing a 1% charge on the remainder.
- Late Payment Fee – an additional $10 will be assessed on your next statement if at least the Minimum Payment is not received by the due date.
3. Payments & Credits: payments on your Student Account made by you or by someone else on your behalf, as well as credits applied since your last monthly billing statement. These may take the form of refunded deposits or financial aid that was paid.
4. Refunds: any credit balance paid from the Student Account since the last Monthly Billing Statement. Refunds are issued by direct deposit, or by check via US Mail.
5. Anticipated Aid: financial aid which was awarded but has not yet been applied. If you have questions about Anticipated Aid, please contact the Financial Aid office by phone or at their website (http://www.sfa.umkc.edu/site/index.cfm).
6. Account Balance: the total amount due on your Student Account for this billing period. Any anticipated financial aid is reflected in your Adjusted Amount Due.
7. Adjusted Amount Due: the Account Balance minus any Anticipated Aid. If you elect to take advantage of the monthly payment plan, any unpaid Adjusted Amount Due will be subject to a monthly 1% finance charge.
8. Minimum Payment: the total amount of current term charges due on your account, divided by the number of installments remaining in this term. A 1% Finance Charge will be applied to the unpaid Adjusted Amount Due. The Minimum Payment amount also includes any Past Term Balance and other charges that are due in full.
9. Message Codes: the codes in this column indicate messages found in the “Important Messages” section at the bottom of the statement.
