FINANCIAL AID PUBLICATIONS
STUDENT FINANCIAL AID HANDBOOK
TUITION AND FEE DEFERMENT AND INSTALLMENT PAYMENT PLAN
TUITION AND FEE DEFERMENT
Prior to the start of the academic year, a bill is sent to all students from the Business Office to your UMDNJ email account. Tuition and fee obligations must be met prior to receiving refunds. These refunds are processed by the Cashier on each campus. Late fees will be assessed if obligations are not met by the bill due date. A $50.00 late fee per month will be assessed until the account balance is paid in full. The Business Office, Cashier and the Student Financial Aid Office will follow procedures established regarding deferment of tuition and fees based on certifiable financial aid. Students will be deferred for the amount of financial aid processed if their financial aid application was completed by the required deadline date. Students are responsible for all charges in excess of actual financial aid.
INSTALLMENT PAYMENT PLAN
Individuals receiving financial aid that is less than the total cost of tuition and fees can make arrangements with the Cashier’s Office for an installment plan as can students who are not receiving any financial aid. The service charge for this plan is $20.00 per semester. Eligibility for participation will be determined by the Business Office. Such requests must be received one week prior to the start of class. Students on the payment plan will be required to adhere to the following schedule:
Payment of all fees plus one-half of the tuition is due before or on the due date specified on the statement of account.
One quarter of the tuition is due 30 days from the due date.
One quarter of the tuition is due 60 days from the due date.
STUDENT FINANCIAL AID REFUND
In order to better serve the UMDNJ student community and streamline the refund process, all financial aid refunds and payments can now be done through ACH/Direct Deposit instead of a check.
Students with United States checking or saving accounts may sign up for Direct Deposit through the http://myportal.rutgers.edu portal and complete the form in Banner Self Service with their banking information under:
- Student Services
- Student Records
- Direct Deposit Information/Update
Once the form is completed, it will usually take five (5) business days before your account is active and able to receive direct deposits from the University.
Once your account is activated and a refund is processed, you will receive an e-mail prior to your refund being wired to your account. The notice will include the refund or payment invoice number and amount.
If you have any questions or need additional information, e-mail firstname.lastname@example.org or call Harold Alexander, Manager, Billing and Collections at 732-235-9174.