University of Northern Iowa

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Billing Terms

Deferred Payment Plan:
A payment plan that allows a student to pay their u-bill in monthly installments over the semester. Deferrable items include tuition, mandatory fees, and contracted room and meal plan charges. There is a deferred payment fee of $20 accessed to the first billing after enrollment in payment plan.

Direct Deposit (Non-Payroll):
Excess funds from a student’s u-bill that is directly deposited into a bank account of their choice.

Due Date:
Last day a u-bill may be paid without incurring any late charges. It is generally around the 20th of each month (If the date falls on a weekend, then the due date is the first business day following).

E-check:  
An electronic check, also known as e-check, is a form of payment made via the internet that is designed to perform the same function as a paper check.

Federal Direct PLUS Loan:
Supplemental loan parents of undergrads can apply for through the Financial Aid Office. Not based on financial need.

Federal Direct Stafford Student Loans:
Formerly called Guaranteed Student Loan. Federal loan to the student borrowed through the UNI Financial Aid Office. Subsidized loans are based on financial need. Unsubsidized loans are not need based.

Late Fee:
The late fee is charged to a u-bill when account balances are not paid by the due date.  The rate is 1% of the amount past due and will be charged each month the u-bill has a past due balance of 30 days or more.

Perkins Loan:
Formerly called National Direct Student Loan. Federally funded loan to the student based on financial need and is borrowed directly through UNI. Awarded on a first-come, first-serve basis.

Total Due:
Total account balance as of the 1st of that month. Must be paid by the due date to avoid late fees and other restrictions.

U-Bill:
University Bill. A statement of account for each student that itemizes all charges and/or credits a student has incurred since the last billing.

UID:
University Identification. A statement of account for each student that itemizes all charges and/or credits a student has incurred since the last billing.