To help you meet your educational expenses, Minnesota State University, Mankato is pleased to offer the Automatic Payment Plan serviced by Nelnet Business Solutions as a convenient budget plan. It is not a loan; therefore you have no debt, there are no interest or finance charges assessed and there is no credit check.
The cost to budget monthly payments is a $25 per semester nonrefundable enrollment fee. The enrollment fee is automatically deducted from your account WITHIN 14 days of your agreement being posted to the system.
A full payment option is available at no cost. Full payments are taken immediately.
The tuition payment is automatically deducted on the 5th of each month from a checking or savings account.
If your payment on the 5th is not successful, it will be reattempted on the 20th of the month. Any time a payment is returned, you will receive notification on how the returned payment will be handled. Your agreement will be processed until the balance owed is paid in full.
You may also have your payment charged to your credit card. If you elect to use your credit card, your options include:
Please note: Debit cards may be returned unpaid due to daily limit restrictions imposed by your bank.
You will be assessed a $25 fee for each missed or returned payment. Please note, your financial institution may also assess you a fee. Returned payment fees are automatically deducted from the account you have provided. We will reattempt to collect any fees charged for missed or returned payments. Missed payment fees are payable to Nelnet Business Solutions.
Enrollment fees and returned payment fees are subject to change in future academic years or semesters. Interest earned on all custodial funds held by Nelnet Business Solutions is payable to Nelnet Business Solutions.
The estimate of your total out-of-pocket obligation to the University used when you set up your original contract amount with Nelnet Business Solutions remains unchanged regardless of changes to your University account, until after the first financial aid disbursement of the semester. For further details on how and when your initially established monthly payment amounts may change, please refer to the information below specific to each academic term.
| Options | Last day to enroll online | Required down payment | Number of payments | Months of payments |
| 1 | May 2, 2012 | none | 3 | May - June |
| 2 | May 21, 2012 | 15% or $300 | 2 | June & July |
| 3 | June 21, 2012 | 50% | 1 | July Only |
| 4 | June 21, 2012 | 100% | Full Payment | Immediate |
| Options | Last day to enroll online | Required down payment | Number of payments | Months of payments |
| 1 | July 1, 2012 | none | 5 | July - November |
| 2 | July 24, 2012 | 15% or $300 | 4 | August - November |
| 3 | August 22, 2012 | 15% or $300 | 3 | September - November |
| 4 | September 24, 2012 | 30% | 2 | October & November |
| 5 | September 24, 2012 | 100% | Immediate |
Please monitor your University account balance as well as your Nelnet Business Solutions payment plan balance periodically to keep track of changes. You may contact Nelnet Business Solutions or the University Cashiers for information and assistance.
