Statement of Financial Responsibility

Before you can register for a term, you must electronically agree to or sign a hard copy of the Statement of Financial Responsibility (SFR). UMKC wants to make sure that you agree to be responsible for bill and understand its policies on things like late fees, student refunds, and drops for non-payment.
Students can accept the agreement through Pathway, in the Registration and Records Office, or at the ALI Office.
If this is not signed, Pathway will place a hold on your account and you will not be able to register and enroll in your classes.

What does the SFR say?

Click here for an online copy of the SFR on the Cashier’s website.
Click here for a downloadable copy of the SFR.

Here is a summary of what is covered in the SFR:

Payment of Fees

You are responsible for all of your fees. If you owe money for the previous semester, you will not be able to register.

Electronic Billing

You will not be sent a monthly bill through the postal mail, but instead, it will be posted on Pathway and emailed to your student email.

E-mail and Online Statements

UMKC will communicate with you primarily using email and you understand that you are responsible for checking your email. Also, you
will not be able to argue about finance charges and/or late fees, saying that you didn’t know, because it has been posted on Pathway.

Late Payment Fees

If you do not make a payment monthly, you will be charged a late fee.

Finance Charges

Every month that you owe fees, the University will charge you a 1% charge on the amount that you owe.

Late Registration Fee

If you register on or after the first day of class, you will get a fee.

Withdrawal

Not going to class does not tell UMKC that you have withdrawn from school. Not paying your fees does not tell UMKC that you have withdrawn from school. You will need to notify the Registrar and do the steps they tell you to officially withdraw. The ALI cannot withdraw you from your classes. You must do this yourself.

Drop for Non-Payment

UMKC can decide to drop your classes because of non-payment if you have not paid at least 25% of what you owe by the first due date of the semester.
Fee Reassessment for Adding/Dropping Classes or Cancellation/Withdrawal from School
UMKC will reconsider the amount of money you will owe if you make the changes properly.

Financial Hold

If you do not make a payment UMKC will put your account on hold which will stop you from getting any transcripts or your diploma. It can also stop
you from being able to enroll in the next semester, sign a housing contract, and you will not be able to make any charges at the bookstore or anywhere else that Roo Bucks are accepted.

Delinquent Indebtedness

UMKC will send your account to a collection agency if you do pay and additional charges will be assessed.

Right to Modify

UMKC can change the fee rates up to 30 days prior the beginning of a semester. They cannot decide to change the amount you owe for the semester
after this date.

Minimum Fee Payment Plan

You can make monthly payments on your fees instead of having to pay the total amount due at the beginning of the semester. They expect 25% of your fees by the 20th of every month. If you pay less than the minimum amount due, you will be charged a 1% finance charge monthly.

Financial Aid

Scholarships are classified by Cashiers as ‘Anticipated’ aid. This means that they will deduct this amount from your balance and you will have to pay whatever is left. Depending on when you are awarded a scholarship, this may or may not show up on your account.

Third Party Sponsorship

This gives the address where your sponsor would need to send its written authorization. Once the sponsorship is authorized, your account will be credited for whatever amount they agree to pay. Your sponsor will be directly billed. But, if they do not pay in a timely manner, you will end up being responsible for your fees and will be assessed finance charges.

Payment Methods

Besides cash, UMKC will accept personal checks, echecks, and credit cards. There is a $25 return check fee. Credit card payments will include a
2.75% fee.

Bankruptcy

Even if you declare bankruptcy, education fees are not included typically and you will still own the debt.

If you have any questions, contact Ms. Elisa Day, daye@umkc.edu.