The NELNET Plan (formerly FACTS Management)
To help you meet your educational expenses, Midlands Technical College is pleased to offer NELNET as a convenient budget plan. NELNET is a tuition management plan that provides you with a low cost option for budgeting tuition and fees. It is not a loan program. You have no debt, there are no interest or finance charges assessed, and there is no credit check. The cost to budget monthly payments through NELNET is a $25.00 per semester nonrefundable NELNET Enrollment Fee. The NELNET Enrollment Fee is automatically deducted from your account IMMEDIATELY.
You may budget your tuition and fees in the following ways:
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Automatic Bank Payment (ACH) - ACH payments are those payments you have authorized NELNET to process directly from your financial institution.
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Credit Card Option – Your monthly payment will be automatically charged to the credit card designee.
Upon your completion of the NELNET payment plan online,
you will receive an immediate confirmation number. Payments will not appear
immediately on My MTC. The payment will appear within approximately 10 business days. Payments are processed on the 5th of each month and
will continue until the balance is paid in full.
NELNET Enrollment
To enroll in the NELNET Payment Plan, log into My MTC using the link in the left column of this page and follow the instructions. You can also follow the link at the bottom of this page that will take you directly to NELNET Payment Plan.
The following information is needed to complete your agreement:
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Student ID.
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The name, address, birthday, and e-mail address of the person responsible for making the payments.
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Account information:
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If paying by automatic bank payments, you will need the bank name, telephone number, account number, and the bank routing number. Most of this information is located on your check. Be sure to not use a deposit slip for this information.
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If paying by credit card, you will need the credit card number and expiration date.
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To protect your privacy, you will need to create your own unique NELNET Access Code. Please be sure it is something you can easily remember.
TERMINATION OF NELNET PAYMENT PLAN
A change or termination to NELNET Payment Plan
will be necessary if there is a change in your schedule or your Financial Aid award. To change or terminate your NELNET
Payment Plan, you must go to the Cashier's Office on the Beltline or Airport Campuses to sign a NELNET Change of Status
form five business days prior to payment due date.
Your plan cannot be terminated without your signature.
Other Important NELNET Payment Plan Information
If you are having trouble accessing enrollment for the NELNET
Payment Plan, please ensure that you are using your full student ID number with all seven (7) digits (Example 001234). Also, pay extra attention
to the way your birthdate is entered. You must enter two digit month, two digit day, and two digit year all separated by slashes
(Example 12/25/80).
Also, please note that NELNET Management payments will not immediately appear on your student account. Be advised that your
classes will be held at the moment you receive your confirmation number upon completion of the NELNET Management enrollment process.
If you have completed enrollment in NELNET Management, you must complete a termination form at the Cashiers office no later than five
(5) business days before the scheduled draft date if you pay your balance in full, you are awarded Financial Aid, or your credit hour status changes.
Do not make payments through "Pay on my Account" on My MTC.
Summer 2013 NELNET Payment Schedule
|
DATES |
REQUIRED DOWN PAYMENT |
NUMBER OF PAYMENTS |
MONTHS OF PAYMENTS |
|
| Apr 19 |
25% |
2 |
May & June | |
| May 10* |
33% |
2 |
June & July | |
| May 21** | 33% | 2 | June & July | |
| May 24 ** |
50% |
1 |
July Only |
|
|
* Fee Payment ends ** Includes extended hour registration/late fee applies
NELNET will not be available after the close of business:
|
|
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Sign Up for NELNET Payment Plan