To help you meet your educational expenses, Monmouth offers Nelnet, a monthly payment plan option.
The Nelnet tuition payment plan
Nelnet is a tuition management plan that provides students and families with a low cost option for budgeting tuition and other educational expenses into monthly payments. It is not a loan program and there are no interest or finance charges assessed or credit check. The only additional cost through Nelnet is a $40 per semester nonrefundable enrollment fee. The enrollment fee is automatically deducted immediately upon submitting an agreement registration to the Nelnet system.
How Nelnet works
Using Nelnet is simple. Students may enroll through their self-service account and budget tuition and fees one of two ways:
Automatic bank payment (ACH)
ACH payments are payments students, parents or family members have authorized Nelnet to process directly with a bank or financial institution. It is simply a bank-to-bank transfer of funds that has been pre-approved for expenses at Monmouth College. Payments may be made from either a checking or savings account. Payments are processed on the fifth or the 20th day of each month. Payments may begin as early as July for the fall semester and December for the spring semester.
Credit card payment
Monthly tuition payments may also be made with a credit card. A convenience fee will be automatically charged to the credit card you designate (MasterCard, Discover and American Express only) in addition to the nonrefundable enrollment fee. Payments will be charged on the fifth or the 20th day of each month until the balance is paid in full.
Should an ACH or credit card payment be returned, a $30 returned payment fee will be automatically assessed. Students will be notified by Nelnet of the returned payment via mail or email.
Enrolling online is simple, secure and easy. The payment plan can accommodate down payments and monthly payments. Once you are in e-Cashier, review all information and refer to the menu bar at the top for additional answers to questions you may have.
After you have reviewed all information, scroll down and select the “Proceed” button. After you have accepted the Terms and Conditions and submitted your agreement, you will receive an immediate email (if your email address was provided). This email will confirm receipt of your enrollment through Nelnet e-Cashier.
Down payment or full payment
Please remember, once Nelnet agreements are submitted online, any down payment or full payment is deducted immediately.
Completing the Nelnet Agreement
To enroll online, be sure to have the following information:
- The name, address and email address of the person responsible for making the payments.
- Account information for the responsible person.
- 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 (MasterCard, Visa, Discover or American Express), you will need the credit card number and expiration date.
Verify your payment terms. These are the total number of payments you wish to make in a term. The total of each payment is determined by dividing the amount to be budgeted through Nelnet by the number of payments. We can help estimate monthly payments for students enrolling in a payment plan prior to viewing their official bill for an upcoming semester.
For payment program options, enrollment deadlines, and down payment requirements, please see fall and spring plan details.
If you have questions about your agreement with Nelnet, please contact us, or Nelnet at (800) 609-8056.
If you have questions regarding your Nelnet agreement please contact Nelnet directly at 800-609-8056 or go to “My Nelnet Account” to review your agreement online. The instructions to access “My Nelnet Account” are located in your confirmation letter or email. If you have questions regarding your financial aid award or tuition balance, please call Monmouth College at (309) 457-2124.