Glossary of Terms

Activity Fee
A fee charged to all on campus students based on a per-credit-hour basis, to a maximum of 12 hours, and goes to support such concerns as student organizations, the student unions, parking, and capital improvements.
Address, Local
An address maintained by the University Registrar's office that denotes the address that you maintain while school is in session. You may change your local address address online using myZou.
Address, Permanent
An address maintained by the University Registrar's office that denotes the address where you receive mail no matter where you may live while school is in session. You may change your permanent address online using myZou.
Adjusted Amount Due
The total amount due on your student account reduced by your anticipated aid for the current term. Payment of the Adjusted Amount Due by the due date each month will prevent the assessment of finance charges.
Anticipated Aid
The amount of financial aid you are to receive for the upcoming semester. This includes amounts for scholarships, loans and other awards you may be receiving if you have accepted them or financial aid has been appropriately notified of you receiving them (e.g. outside scholarships).
Course Fee(s)
Per-credit-hour fees charged, in addition to standard tuition, for course offerings from certain departments authorized to do so.
Credit (Credit Balance)
A transaction that reduces the amount you owe on you student account. Examples include payments, scholarships, loans, and the reduction of charges from decreasing class hours. If the amounts exceed the balance due on the student account, this results in a credit balance which the University owes you.
Direct Deposit
Instead of producing a paper check, a credit balance is returned to you by electronically transmitting to a bank account of your designation. You must request this service online using myZou under the Finances section.
Education Tax Credits
Created as part of the Taxpayer Relief Act of 1997, these credits may be available to you as reductions of your tax liability. The credits are claimed on your tax return, or the return of the taxpayer that claims you.
Finance Charge
A finance charge of 1% will apply monthly to any unpaid billed balance from the previous Regular Monthly Billing Statement. It is calculated by taking the adjusted amount due, subtracting any credits applied, and multiplying the remainder by 1%. This finance charge will be charged each month until your account is paid in full.
Information Technology Fee
All students enrolled at the University pay this fee on a per-credit-hour basis to support the total cost of use, maintenance, and upgrading of computing and network facilities and services for students.
Late Payment Fee
If the required minimum payment is not received by the scheduled due date, as communicated on the student's Monthly Billing Statement, a $10.00 late payment fee will apply. If the Minimum Payment or Adjusted Amount Due is paid on or before the scheduled due date, as it appears on the student's Monthly Billing Statement, no late fees will apply.
Minimum Payment
The minimum payment is the payment you must pay in order to meet the minimum established as part of the University's payment plan and is calculated by taking the current term charges, dividing by the payments remaining for the semester, and adding any charges due in full.
Monthly Billing Statement
Your student account Monthly Billing Statement is normally printed on or around the 20th of each month and is due on the 15th of the following month and includes information on all new activity since the last Monthly Billing Statement was printed.
Nonresident
Status which is achieved when insufficient proof of a domicile within the state is presented which causes Educational Fees to be assessed at Missouri nonresident rates.
Nonresident Tax Offset Credit
The Tax Offset Credit is a procedure used to give dollar for dollar credit to non-resident students who pay Missouri income tax. The Credit is against the nonresident fee charged to the student account.
Prepaid Health Fee
A per-semester fee charged to all students enrolled in 7 or more hours that allows students to consult a health practitioner at the Student Health Center in non-emergency situations, often at no additional cost.
Student Recreation Center Fee
A per-semester fee charged to all students enrolled in more than 6 credit hours. The Recreation Facility Fee allows students to use campus-based indoor and outdoor facilities as a self-service participant. Recreation facilities include an aquatic complex, basketball courts, a fitness center, racquetball courts, indoor and outdoor tracks, and tennis courts. Students who are enrolled 6 hours or less or are taking classes off campus are not automatically charged the Recreation Facility Fee, but may opt to include the charge if they would like to access the recreation facilities.
Refund
When the student account has a credit balance, where payments and credits exceed total charges due on your student account, a refund of these excess proceeds will generally be processed and the excess returned to you by check or direct deposit.
Resident
Status which is achieved when sufficient proof of a domicile within the state is presented which causes Educational Fees to be assessed at Missouri resident rates.
Room and Board
Includes charges billed for housing, meals and social fees tha are posted to the student account. These charges are eligible for inclusion in the University's payment plan.
Sponsor Billing
If part, or all, of your educational expenses are being paid by an embassy, agency or company you can elect to have them billed directly through our Sponsor Billing process.
Taxpayer Relief Act of 1997
The Taxpayer Relief Act of 1997 (TRA-97) includes provisions designed to assist families with paying and saving for college. The major educational provisions of the legislation include tax credits for college costs, tax-sheltered education savings accounts, and the deduction of student loan interest.
Tuition
All students enrolled at the University pay this per-credit-hour fee for their coursework. The fee varies depending on whether the student is a resident, nonresident, undergraduate, graduate or professional student.