How does UMKC determine the minimum payment/installments?
The minimum payment is determined by dividing the current semester’s charges by the number of installments remaining in the semester. For example, if you owe 4000.00 for Fall Semester and expect a $1000.00 scholarship, your billed balance is $3000.00. Divide the billed balance by the number of payments remaining in the semester, 3, for example, and you arrive at your minimum payment amount of $1000.00. Note: Any past term balance or previous unpaid minimum is due in full. So, in the earlier example, if you also had a bookstore charge from the Summer Semester, your minimum payment would be $1000.00 plus the bookstore charge amount.
