NELNET BUSINESS SOLUTIONS formerly THE FACTS PAYMENT PLAN
To help you meet your educational expenses, North Central is proud to be working with Nelnet formerly FACTS Tuition Management Company, by offering a convenient payment plan.
Instead of paying your tuition bill in one lump sum, you can budget your tuition and fees for up to four months! This is not a loan program, so there is no debt incurred, no credit search,
and no interest or finance charge assessed on the unpaid balance. The sooner you register for classes and sign up for the Nelnet Payment Plan, the smaller your monthly payments will be!!
HOW THE NELNET formerly FACTS PAYMENT PLAN WORKS
Signing up with Nelnet is easy, affordable, and convenient!!
Students with a minimum balance of $150 can enroll in the plan.
There is a $25.00 per semester non-refundable enrollment fee. The enrollment fee is processed within a few days of Nelnet receiving your online application, which means it will be deducted from your account shortly after enrolling in a Nelnet payment plan.
When you enroll, you are simply authorizing Nelnet to automatically process tuition payments from your financial institution or to make monthly charges to your credit card. All payments will be processed on the 5th of each month and will continue until the amount due to North Central is paid in full. If a payment date falls on a weekend or banking holiday, the payment will be attempted the following business day.
Automatic Monthly Bank Account Payments (ACH)
ACH payments are those payments you have authorized Nelnet to process directly with your financial institution. Payments may be made from either your checking or savings account.
INFORMATION ON RETURNED PAYMENTS: Should an automatic bank payment or credit card payment be returned, a $25.00 Nelnet Returned Payment Fee will be automatically assessed to your account. You will be notified by Nelnet of the returned payment via mail or e-mail.
Automatic Monthly Credit Card Payments
Many students have requested this option in order to take advantage of various bonus programs offered by their credit card companies and because they don't have to remember to deduct their payment each month from their checking or savings account. If you elect this option, your monthly payment along with a small convenience fee will be charged to the credit card you have designated.
Nelnet only accepts Mastercard and Discover.
INFORMATION ON RETURNED PAYMENTS:
Should an automatic bank payment or credit card payment be returned, a $25.00 Nelnet Returned Payment Fee will be automatically assessed to your account. You will be notified by Nelnet of the returned payment via mail or e-mail.
HOW TO ENROLL IN NELNET formerly FACTS
After registering for classes, click on "My Account," and select the NelNet FACTS Payment Plan link . While completing the FACTS online application, depending on the option you choose for payment, you may need all or some of the following information:
- Student ID Number Name, Address, and e-mail of the person responsible for making the payments
- Bank Name,Telephone Number, Routing Number, and Account Number, Credit Card Number and Expiration Date
Also, depending on when you enroll in Nelnet formerly FACTS, the down payment amount will vary.
Please remember, any down payment is deducted immediately.
See below for the down payment schedule:
NELNET formerly FACTS FAQ?
Q. My payment has already been taken out of my bank account or has been applied to my credit card, but has NOT shown up on my college account. How long does it take to show up on it?
A. It takes 7-14 days for your payment to be processed to your student account at the college.
Q. If payments are made automatically from my bank account or processed to my credit card, does that mean Nelnet or North Central has direct access to my account?
A. No. Only your financial institution and you ever have access to your account.
Q. What is the Nelnet Access Code?
A. To help protect your privacy, Nelnet asks the person responsible for the payments to create an access code.
If you should call into Nelnet inquiring about your Nelnet agreement or inquire online through My Nelnet Account, you will be required to verify your Nelnet Access Code. If you do not create an access code on your Nelnet agreement,
one will be randomly assigned to you. Your Nelnet Access Code will be identified on your Nelnet Confirmation Notification.
Please remember to keep a copy of your confirmation notification.
Q. Can I pay by phone with Nelnet formerly FACTS?
A. Payments are processes electronically, therefore Nelnet does not accept payments by phone.
Q. How will I be notified of my payment information?
A. Once your agreement is posted to the Nelnet system, you will receive a confirmation notification of your payment by e-mail or letter. Payments will be processed until the total balance is paid in full. The notification has importantinformation you must have to log on to My Nelnet Account.