Payment Plans and 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.

Payment Guide

 

The Cost

The cost to budget monthly payments is a $24 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

  • VISA, MasterCard, American Express, DISCOVER
  • 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 $30 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

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

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 2019 Details

  • e-Cashier available on March 13, 2019
  • Full payments may be made on e-Cashier through June 20, 2019
  • All down and full payments are processed immediately!
Options Last day to enroll online Required down payment Number of payments Months of payments
1 April 30, 2019 none 3 May - July
2 May 23, 2019 15% or $300 2 June & July
3 June 20, 2019 50% 1 July Only
4 June 20, 2019 100% Full Payment Immediate

 

  • Enrolling by April 30, 2019 allows you to choose from Options 1 - 4
  • Enrolling by May 23, 2019 allows you to choose from Options 2 - 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. This upload may result in a change to your monthly payment amount. Your July 5 payment will be based on your University account balance as of June 25 (full remaining account balance).

 

Fall Semester 2019 Details

  • e-Cashier available on April 1, 2019
  • Full payments may be made on e-Cashier through September 18, 2019
  • 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 28, 2019 none 5 July - November
2 July 25, 2019 15% or $300 4 August - November
3 August 23, 2019 15% or $300 3 September - November
4 September 18, 2019 30% 2 October & November
5 September 18, 2019 100% Full Payment Immediate
     
  • Enrolling by June 28, 2019 allows you to choose from Options 1 - 5
  • Enrolling by July 25, 2019 allows you to choose from Options 2 - 5
  • Enrolling by August 23, 2019 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 2020 Details

  • e-Cashier available on October 30, 2019
  • Full payments may be made on e-Cashier through February 17, 2020
  • All down and full payments are processed immediately!
Options Last day to enroll online Required down payment Number of payments Months of payments
1 November 29, 2019 none 5 December - April
2 December 24, 2019 15% or $300 4 January - April
3 January 24, 2020 15% or $300 3 February - April
4 February 17, 2020 30% 2 March & April
5 February 17, 2020 100% Full Payment Immediate
     
  • Enrolling by November 29, 2019 allows you to choose from Options 1 - 5
  • Enrolling by December 24, 2019 allows you to choose from Options 2 - 5
  • Enrolling by January 24, 2020 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 February 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 March and April 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

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.