The University of Minnesota Bookstores (M Tech) offers interest-free financing for select technology purchases made through M Tech to qualified staff and faculty of the University of Minnesota. Repayment on qualified purchases under the program will be processed through payroll deductions.
IMPORTANT: By submitting this form, you are applying for approval to make a payroll deduction at the University of Minnesota Bookstores M Tech store. Our staff will verify your appointment and eligibility, after which you will be contacted by someone on our staff. After you are approved, you will need to come into the store to make your purchase.
Available to faculty, P&A, civil service and labor represented employees who hold 75 to 100 percent time appointments and have been employed at the University for at least 6 months.
U of M staff and faculty on a 12-month appointment
Eligible purchasers may pay for purchases over 13 consecutive pay periods (approximately 6 months) or over 26 consecutive pay periods (approximately 12 months). Scheduled payments are paid in full by the end of either the 6-month or 12-month payment schedule.
U of M staff and faculty on a 9-month appointment
Eligible purchasers are limited to 13 pay periods (approximately 6 months). Request for Payroll Deduction purchases must be within the first 2 months of your 9 month appointment. Scheduled payments are paid in full by the end of the 9-month period.
I, , promise to pay any outstanding balance owed in connection with this purchase regardless of my employment status with the University of Minnesota and I acknowledge that any amount owed on this purchase becomes due immediately upon the end of my employment with the University of Minnesota. I further acknowledge and authorize deduction from my final paycheck of any outstanding balace owed by me in connection with this purchase, including but not limited to deduction from any accrued leave payouts. If the outstanding balance is not paid within 60 days of termination from the University, a hold will be placed on my academic standing at the University, if applicable, and the account may be turned over to a collection agency. I will be responsible for all fees associated with collection activities including reasonable attorney fees that the M Tech incur in such collection efforts.
I also acknowledge, authorize, and agree to the payroll deduction reflected in the payment terms above. I have read and agree with the program guidelines outlined above.