Monthly Payment Plan

We offer a semester-based Monthly Payment Plan as an option to pay your balance due. This is a convenient method for planning, budgeting and paying educational expenses. This is a monthly plan, not a loan; you will not be charged interest.  There is a $35.00 fee per semester to enroll in the plan and the first payment is due at the time of enrollment.

Payment Plans for the Spring 2020 semester will be available for enrollment mid November. Please note that only spring charges are eligible to be included in the Spring Payment Plan. All other prior term charges must be paid in full. Proxy Users and students have access to set up a Monthly Payment Plan. Students can add a Proxy User on their Self-Service Portal if the billpayer will be someone other than the student. 

Monthly Payment Plan Frequently Asked Questions

How do I enroll in a monthly payment plan?

• Log in to your Self-Service Portal.
• Select Student Finance
• Select Payments & Payment Plans
• Select Proceed to Processor
• Select Set up a Payment plan under the corresponding term 

Who is responsible for making the monthly payments on the payment plan?

The person who enrolls in the payment plan becomes the designated plan owner and will be responsible for the payment plan installments. The student or a proxy user may enroll in the monthly payment plan. 

How do I set up a Proxy User?

• Students log in to their Self-Service Portal.
• Click on student name in the top bar, and then click on View/Add Person Proxy.
• Select on of the individuals associated with your record. 
• Choose what information your proxy can access.
• Read the disclosure agreement, click the authorization box, and then the submit button.
• The proxy will get an email with login information. The student will receive a copy as well. The username and password will be sent in two separate emails. 

For detailed step-by-step instructions, click here.

What payment methods can I use to make my payments?

All payments must be made through ACH. Automated Clearing House (ACH) payments are electronic payments that pull funds directly from your bank account. Monthly payment plan payments will be automatically deducted from the plan owners bank account on the 15th of each month. If the 15th falls on the weekend, the payment will be deducted the next business day. 

How are my monthly payments processed?

Monthly payment plan payments will be automatically deducted from the plan owners bank account on the 15th of each month. If the 15th falls on the weekend, the payment will be deducted the next business day.

Are there any fees for the monthly payment plan?

• $35 enrollment fee for each payment plan
• $30 returned payment fee, charged by Nelnet for non-sufficient funds 

Your bank may also charge you additional fees. The $30 returned payment fee cannot be waived. It is your responsibility to ensure that your payment information is entered accurately and that your account has sufficient funds. 

How are my monthly payment amounts determined?

The amount due each semester, after financial aid has been applied, will be split into equal monthly payments. Your down payment will include the first installment of the payment plan plus the $35 enrollment fee.

For example, if you sign up for a 5-month payment plan and have a $5,000 account balance, your monthly payments will be $1,000 per month ($5,000 divided by 5). At the time of enrolling in the payment plan, you will make a payment of $1,035; the 1st installment plus the $35 enrollment fee. Subsequent monthly payments will be $1,000 per month. 

Do I need to renew my payment plan each semester?

Yes, payment plans need to be renewed each semester prior to the billing due date. There is a $35 enrollment fee for each payment plan.

I set up the payment plan in my name but want to transfer it to my parent, how do I do that?

 

Step 1 – Select "Request a New Plan Owner"

Only the current plan owner will be able to invite someone else to take over the payment plan.

To begin the process, the current plan owner must select "Actions" and "Request a New Plan Owner". Only proxy users or the student can be invited to be the plan owner through this link. 

Step 2 – Select a New Plan Owner

Select a new plan owner from the available options. To be listed as a possible plan owner, the person must either be the student or a proxy user on the students account. If a proxy user is not listed, request that the proxy user log in to Self-Service and access the Nelnet payment processor via the "Payments & Payment Plans" page.

An email will be sent to the invitee with a link that will take them to the Plan Owner Switch process.

Step 3 – New Plan Owner Switch

The person invited to be the new plan owner will see the following message on the home page of their online account if they have not completed the Plan Owner Switch:

Clicking on the "Proceed" button will take them to the Plan Owner Switch process.

The next step is the Payment Information page:

The new plan owner must add a new bank account or select a stored account. 

The new plan owner will then review the Payment Method and Payment Schedule.

The new plan owner can review the Terms and Conditions by clicking on the "View Terms and Conditions" link. The Terms and Conditions will open in a pop-up window. The option to print the Terms and Conditions will be  available at the end of the Plan Owner Switch process. The Enrollment Fee section will display in the Terms and Conditions, even if it has already been paid. The following authorization statement will display above the Terms and Conditions link:

To become the new plan owner, select the "I Agree" button.

 

Can I make extra payments toward my payment plan?

Yes, additional payments can be made using the steps outlined below. 

Step 1 - Select "Make a Payment"

When logged in to your account, select "Make A Payment" from the dashboard.

Step 2 –  Enter a Payment Amount

• Select Payment Plan
• Select Next - Payment Method

When paying an amount less than the Full Term Balance, check the box(es) to the left of the payment(s) that will be paid or type the amount in the Payment Amount column for the appropriate payment(s). 

Step 3 – Payment Method

• Select your Payment Method: Choose from a stored account on file or enter a new account
• Total Amount: The amount being paid today is displayed
• Authorization: By clicking Pay $ Now the payer is accepting the terms listed

A payment confirmation is sent to the email address on file. The payer can elect to have the same notice sent to up to two additional email addresses.

When Pay $ Now is clicked, the payment has been submitted and cannot be changed or stopped.

Step 4 – Confirmation

This page is a printable confirmation of the payment that was submitted.

Click "Proceed to Home" to leave the payment screen.