Current Balance vs. Amount As Of Bill Date
Which amount should I pay?
The "Current Balance" and "Amount as of Bill Date" can be confusing. The Amount as of Bill Date is a snapshot in time as of the date the bill was created. These do not get updated until a new bill is issued one month later. The Current Balance is real-time and gets updated as changes happen to the student account, i.e., adding and dropping classes, waiving health insurance, adding CU Book Store charges to the bill, etc. It includes credits and new, unbilled charges since the last Bill Date.
Example 1:
The Amount as of Bill Date is lower than the Current Balance
In this case, you can pay the Amount as of Bill Date because new charges included in the Current Balance will be billed the following month. Charges aren't due until they have been billed. Late and finance charges are only assessed on billed amounts, not on any new, unbilled charges.
Example 2:
The Amount as of Bill Date is lower than the Current Balance and you want to pay everything today
You can pay the Current Balance which includes everything as of the day you make your payment. Please be aware that additional charges could be posted later.
Example 3:
The Amount as of Bill Date is higher than the Current Balance
In this case, the student account balance has gone down since the last Bill Date, i.e., dropped classes, financial aid, scholarships, health insurance waiver, etc., and you can pay the Current Balance to pay the bill in full.
Also, please keep in mind that the maximum amount you can pay is the Current Balance. You cannot pay more than the total charges on the account at the time you make your payment. If you try to, you will get an error message that says: "The Payment Amount is outside the configured limit(s). Please select a different Payment Method or alter your payment amount."