We are pleased to offer a payment plan from Nelnet/FACTS Management Company, Inc. Nelnet/FACTS is a tuition management plan that provides students with a low cost option for budgeting tuition and fees. It is not a loan program, therefore, you have no debt, there are no interest or finance charges assessed, and there is no credit check. The only cost to budget monthly payments through Nelnet/FACTS is a $24 per semester nonrefundable enrollment fee.
Through Nelnet/FACTS, you will be able to:
- Arrange for monthly payments on the 5th or 20th day of the month
- Pay in full
- Include the cost of required course textbooks and materials on your payment plan
You can choose to make your monthly payments directly from your bank account or by credit card (MasterCard, American Express, Discover are accepted). There is an additional service charge fee for use of credit card. VISA is not accepted, but you can supply bank account information for automatic withdrawal. For more information, email Accounts Receivable.
Changes to your payment plans
When you add or drop classes, it is your responsibility to alert the Accounts Receivable department in Financial Management to these changes via email at least 10 days before your next payment. Your scheduled Nelnet/FACTS payment plan will not automatically be adjusted if financial aid pays your tuition and fees or if you make any unscheduled payment directly to Metropolitan State University. It is your responsibility to inform Financial Management in writing to adjust your Nelnet/FACTS payment plan.
Payment plans and registration holds
Students with Nelnet/FACTS tuition payment plans who have been making scheduled payments for the current semester without any non-sufficient fund (NSF) transactions will be allowed to register for their next semester's courses before the final payment is received by the university. If the final payment is not made, their registration for the next semester will be cancelled.
Payment deadline and drop for non-payment
Students who enroll in the Nelnet/FACTS payment plan by the tuition payment deadline will not be dropped from their classes.