How to Read Your Ledger

Once you have registered for classes,

you will have a ledger balance. Click

on “My Ledger” to view your ledger

balance.

Your ledger will reflect your tuition

for the courses in which you are

enrolled, as well as applicable fees.

To view Pending Financial Aid or

Pending Housing Charges, click on

the appropriate link to view the

pending amount.

Clicking on “Show Pending

Financial Aid”, will give you a

break-down of your aid. This will

give you the “type” of loan, as well

as the amount.

NOTE: Follow this same process to

view Housing Charges.

When you are done looking at your

pending aid, click “Hide Pending

Financial Aid.”

A total of your pending aid and/or

housing charges will also be

summarized here.

The “Overall Balance” would be

the amount you owe, unless it

appears in parentheses (). Then

this would be the amount due you

from the College.

You can pay your balance by

clicking “Pay by Credit Card” or pay

via check or cash.

Definitions:

Term: the semester that you are reviewing (examples: SU-13, FA-13, or SP14)

SU = Summer SP = Spring FA = Fall

Date: the date of each transaction listed in your ledger

Description: the description of each charge/payment in your ledger

Debits: the charges for each item added to your ledger

Credits: the payments made on your ledger

Balance: the cumulative or “running total” on your ledger. If the balance appears in (), you have

a “credit balance” and this amount may ultimately be what is owed to you.

Previous Balance: any balance carried forward from a previous semester

Current Balance: total debits and credits showing in your Billing Ledger

Pending Financial Aid: amount of loans/scholarships/grants applied for but not yet received

Pending Housing Charges: total debits and credits showing in your Housing (if applicable)

If paying via credit card in CAMS,

please remember to adjust your

tuition amount, as it automatically

reflects the entire tuition amount.

(It will not reflect anything with a

“pending” status.)

Overall Balance: Previous Balance plus Current Balance minus Pending Financial Aid, plus

Pending Housing Charges. THIS IS THE AMOUNT YOU OWE TO MC. If this

amount is in parenthesis’, this means that the College owes you.

PRE-Bill/Ledger: If under this section it reads “PRE-Bill”, this means that you are registered for

the given class/semester, but you have NOT been made an “official” student.

If this section reads “LEDGER”, this means that you are currently an “official”

student and these are your charges for the course in any given semester.

FAQ:

1. How much do I owe?

The amount listed under “Overall Balance”.

2. Is this always the amount I will owe?

Not necessarily. If you do not have a previous balance, the “Overall Balance” is what you would

owe for that semester. If you have a previous balance, you would take the “Overall Balance”

less the “Previous Balance” will be what you owe for that semester. This would give the amount

you owe or the amount that you would receive in a refund.

3. If the amount listed under “Overall Balance” is in parenthesis’ (), is that the amount that I owe

MC?

No. If the amount listed under “Overall Balance” is in parenthesis’ (), this is the amount that MC

owes you once “pending” funds have been received.