Interest-Free Monthly Payment Plan

College Expenses, What’s Your Plan?

Paying for the rising costs of a college education is a concern for nearly every student and family. The fact is, few of us have the resources to simply write a check for the full cost of tuition each semester. So how are you meeting your costs? What’s your plan? Do you have one?

Having a solid plan for covering the cost of college is an important step toward graduation. Montgomery Community College is pleased to enlist the services of Nelnet Business Solutions, the leading tuition payment plan provider in the industry to make the process easier for you. Working together, Montgomery Community College and Nelnet will provide you with sensible strategies for covering the rising costs of college.

Here is a Proven Plan

To help you meet your educational expenses, Montgomery Community College is proud to offer Nelnet as a convenient budget plan. This is not a loan program. This is a payment plan. There are no interest or finance charges assessed, and there is no credit check. The cost to budget your interest-free monthly payment plan is a $25.00 per semester nonrefundable Nelnet Enrollment Fee. You may budget your tuition and fees, but not your books, in the following ways:

1. Automatic Bank Payment (ACH)—ACH payments are those payments you have authorized Nelnet to process directly with your financial institution. It is simply a bank-to-bank transfer of funds that you have preapproved for your expenses at Montgomery Community College. Payments may be made from either your checking or savings account. Payments are processed on the 5th of each month and will continue until the balance is paid in full.
   
2. Credit Card Option—Paying with your credit card gives you the option of taking advantage of any bonus programs that may be offered by your credit card company. Your monthly payment will be automatically charged to the credit card you designate. Payments will be charged on the 5th of each month until the balance is paid in full.

Setting up your payment plan online is simple, secure, and easy. The payment plan can accommodate down payments and monthly payments. Before you click the Submit button, please carefully read through the Final Review and the Terms and Conditions. An immediate e-mail will be sent (if an e-mail address was provided for the person responsible for payment) confirming enrollment through e-Cashier.

Enroll in the Nelnet Payment Plan online by clicking on the eCashier
link above. Be sure to have the following information:

• Your nine-digit student ID number which is your Social Security number without dashes
• The name, address, and e-mail address of the person responsible for making the payments
• 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.
• Account information for the person responsible for payment
  • 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.
  • If paying by credit card, you will need the credit card number and expiration date

Down and Full Payment Options

Down or full payments are deducted immediately from the account provided on the agreement. If the payment fails for any reason, the agreement is terminated and notification is sent to the person responsible for payment. A $2.00 nonrefundable Nelnet Enrollment Fee will be assessed for full payments.

Nelnet Program Enrollment Deadlines

SUMMER 2010
Enrollment on e-Cashier is available beginning April 13, 2010

Last Day to Enroll Online	Required Down Payment	Number of Payments	Months of Payments
May 28	50%	2	June & July

Note: full payments may be made on e-Cashier thorugh May 26, 2010.

IMPORTANT! You must be registered for classes before registering for Nelnet. The final amount on the registration form will be needed to complete the budget plan.

IMPORTANT! Call Nelnet at (800) 609-8056 to make any changes to your address, phone, or banking information.

If you have questions regarding your Nelnet agreement, please contact Nelnet directly or view your agreement online through your account. To access your account, follow the instructions located on the Nelnet Confirmation Notification or e-mail or click the Facts logo on the right.

Please do not assume your balance will automatically be adjusted if financial aid is received or a class is dropped or added. If you have questions regarding your tuition balance, please call the Montgomery Community College Business Office at (910) 576-6222 ext. 220 or e-mail rushingh@montgomery.edu. If you have any questions regarding your financial aid award, please contact the Financial Aid Office at (910) 576-6222 ext. 226.

PLEASE NOTE: Registering for Nelnet, does not register you for classes.

Frequently Asked Questions About Nelnet

1. When and what time will the funds be withdrawn from my bank account?

Nelnet specifies the date each payment will occur, but it is your financial institution that determines the time of day the payment is debited. Nelnet recommends you check with your financial institution to determine how far in advance funds should be deposited into your account to ensure the automatic payment clears. If a payment date falls on a weekend or banking holiday, the payment will be attempted the following business day.

2. How will I be notified of my payment information?

Once your agreement is posted to the Nelnet system, you will receive a confirmation notification of your payment amount by e-mail or letter. Payments will be processed until the total balance is paid in full. The notification has important information you must have to log on to your account. The notification also serves as a reminder that a $25.00 per semester nonrefundable Nelnet Enrollment Fee will be processed from the account indicated on the agreement.

3. Can I pay by phone with Nelnet?

In accordance with the Terms & Conditions of your Nelnet agreement, payments are processed electronically. Nelnet does not accept payments by phone.

4. What is the Nelnet Access Code?

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 your 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.

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.