Automatic Payment Plan / Installments

What is It

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.

Brochures

• Fall 2012 - Summer 2013 (PDF)
• Fall 2013- Summer 2014

The Cost

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.

Tuition Payments

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:

Payment Options

• 
• International credit cards
• US Debit/Bank card
• Regular checking/or savings ACH (U.S. only)

Please note: Debit cards may be returned unpaid due to daily limit restrictions imposed by your bank.

Fees

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.

Enrollment Process

• Option 1 - E-Services (you have a balance)

1. Login to mnsu.edu/eservices
2. Enter your Tech ID and Tech ID Password, and select Login
3. Select Bills and Payment (left side list area)
4. Select Enroll in a New Payment Plan (middle area - will appear if you have a balance)

• Option 2 - Estimate Your Balance

1. Register for classes for the Term (see course listing)
2. Payment Plan - Cost Estimator PDF (fill in dollar amounts from Tuition and Fee tables; enter amount from this form into the Net Amount Award field on Step 2 of the NelNet e-Cashier page)
3. Login to Nelnet Business Solutions.

Payment Plan Contract Amounts

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.

Summer Term 2013 Details

• e-Cashier available on March 20, 2013
• Full payments may be made on e-Cashier through June 20, 2013
• All down and full payments are processed immediately!

Options	Last day to enroll online	Required down payment	Number of payments	Months of payments
1	May 1, 2013	none	3	May - June
2	May 21, 2013	15% or $300	2	June & July
3	June 20, 2013	50%	1	July Only
4	June 20, 2013	100%	Full Payment	Immediate

• Enrolling by May 1, 2013 allows you to choose from Options 1 - 4
• Enrolling by May 21, 2013 allows you to choose from Options 2 - 4
• Enrolling by June 20, 2013 allows you to choose from Options 3 - 4
  • You are responsible for making adjustments to your contract amount for any changes in your estimated balance through the June 5 payment for Summer Term. Potential reasons for contract amount change requests include dropping or adding classes, changes in financial aid awards or other assistance, and withdrawal from the University. Contract amount adjustments are made directly with Nelnet/FACTS at 1-800-609-8056.
  • The University will upload your actual current balance to Nelnet/FACTS prior to the July payment date.

Fall Semester 2013 Details

• e-Cashier available on April 10, 2013
• Full payments may be made on e-Cashier through September 23, 2013
• All down and full payments are processed immediately!

Options	Last day to enroll online	Required down payment	Number of payments	Months of payments
1	June 30, 2013	none	5	July - November
2	July 23, 2013	15% or $300	4	August - November
3	August 21, 2013	15% or $300	3	September - November
4	September 23, 2013	30%	2	October & November
5	September 23, 2013	100%		Immediate

• Enrolling by June 30, 2013 allows you to choose from Options 1 - 5
• Enrolling by July 23, 2013 allows you to choose from Options 2 - 5
• Enrolling by August 21, 2013 allows you to choose from Options 3 - 5
• • You are responsible for making adjustments to your contract amount for any changes in your estimated balance through the September 5 payment for Fall Semester. Potential reasons for contract amount change requests include dropping or adding classes, changes in financial aid awards or other assistance, and withdrawal from the University. Contract amount adjustments are made directly with Nelnet/FACTS at 1-800-609-8056.
  • The University will upload your actual current balance to Nelnet/FACTS prior to the October and November payment dates. These uploads may result in a change to your monthly payment amount. Your October 5 payment will be based on your University account balance as of September 25 (1/2 of your account balance), and your November 5 payment will be based on your University account balance as of October 25 (full remaining account balance).

Spring Semester 2014 Details

• e-Cashier available on November 11, 2013
• Full payments may be made on e-Cashier through February 17, 2014
• All down and full payments are processed immediately!

Options	Last day to enroll online	Required down payment	Number of payments	Months of payments
1	December 2, 2013	none	5	December - April
2	December 19, 2013	15% or $300	4	January - April
3	January 21, 2014	15% or $300	3	February - April
4	February 17, 2014	30%	2	March & April
5	February 17, 2014	100%	Full Payment	Immediate

• Enrolling by December 2, 2013 allows you to choose from Options 1 - 5
• Enrolling by December 19, 2013 allows you to choose from Options 2 - 5
• Enrolling by January 21, 2014 allows you to choose from Options 3 - 5
  • You are responsible for making adjustments to your contract amount for any changes in your estimated balance through the January 5 payment for Spring Semester. Potential reasons for contract amount change requests include dropping or adding classes, changes in financial aid awards or other assistance, and withdrawal from the University. Contract amount adjustments are made directly with Nelnet/FACTS at 1-800-609-8056.
  • The University will upload your actual current balance to Nelnet/FACTS prior to the October and November payment dates. These uploads may result in a change to your monthly payment amount. Your March 5 payment will be based on your University account balance as of February 25 (1/2 of your account balance), and your April 5 payment will be based on your University account balance as of March 25 (full remaining account balance).

Questions

MSU Cashier's Office

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.