Student Financial Services Transact Payment Plans

Payment Plan Offerings

**Please note that the total eligible payment plan balance is the current tuition and fee charges, housing and meal plan costs, health insurance, or any converted past due balances and does include your eligible financial aid disbursement**

Fall 2024 Academic Period

All payment plan payments are due on the 18^th of each month

• Payment Plan: Opens: July 31^st, 2024

• 6-month payment plan- Enrollment before August 17^th, 2024

• 5-month payment plan- Enrollment before September 17^th, 2024

• 4-month payment plan- Enrollment before October 17^th, 2024

• 3-month payment plan- Enrollment before November 3^rd, 2024 (The last day to enroll in the Fall 2024 Academic Period Payment Plan

How a Payment Plan Can Benefit You

We understand the stress that our students and their families may feel when dealing with tuition bills. It’s important to us that we do everything we can to ease your burden. Our Payment Plan allows you to spread out your tuition payments over time instead of making a single lump sum payment. This means that you will still owe the same amount but will have more time to pay, and your payments will be smaller and more manageable.

• The payment plan is designed for individuals who cannot pay the entire tuition and fees at once or who wish to keep funds in an interest-bearing savings account for as long as possible.
• The earlier you enroll in a payment plan, the lower your monthly payments will be spread out over more time.
• The payment plan is not a loan, and there are no interest rates to consider, only a small enrollment fee per Academic Period.
• Ability to set up auto payments and reminders for monthly payments
• Multiple payment options such as ACH, credit and debit card

Are there additional fees or deposits to enroll in a payment plan with Transact?

With the transition to Transact from Nelnet, you no longer need to make a down payment of 15% to enroll in a payment plan. Instead, a $35.00 service fee will be charged when enrolling in a payment plan within Transact.

• Select Menu and My Financials

• Select Make a Payment – Transact

• From the Home Page within your Transact Account, under the Payment Plan section, select “View Payment Plan Options.”

Transact will provide a quick overview of your installments based on the current charges within your account:

• Plan Details – $35.00 Enrollment Fee to participate in the payment plan

• The amount you can enroll in the plan – Total Budget Amount/Outstanding balance on your account. Please note that installments will be calculated based on what you owe at the time you enroll in a payment plan. If additional charges occur you can opt to consolidate the additional charges into your current payment plan.

• Payment schedule – Includes the number of payments, the payment due dates, and the dollar amount owed on each due date

• Auto Pay Available – Schedule payments which occur 3 days prior to the payment plan due date

• Review all the charges, select “Enroll in Plan” to continue enrollment

Review the finance information, payment schedule, and terms and conditions provided by Transact.

• Annual Percentage Rate – Please disregard this yearly rate. You will not be charged an Annual Percentage Rate (APR) on your Payment Plans. Payment Plans will need to be paid by the end of each Academic Period to be eligible to enroll in a future Payment Plan.

• Finance Charge – The $35.00 enrollment fee is due at the time of Payment Plan enrollment.

• Amount Financed – Total Budget Amount/Outstanding balance on your account. Please note that installments will be calculated based on what you owe at the time you enroll in a payment plan. If additional charges occur you can opt to consolidate the additional charges into your current payment plan.

• Total of Payments – Is the Outstanding Balance plus the Finance Charge (Enrollment Fee)

• After reviewing, select the “I Agree” check box located at the bottom of your screen and select “Continue.”

• Enter in Enrollment Information and select “Continue.”

• The Enrollment Fee of $35.00 is due at your time of enrollment to complete the Payment Plan. From the drop-down menu, select the Payment Method

• Complete the fields on the screen based on the payment method you selected. Once completed, select

• Optional – If you wish to save the payment method for future use and for automatic payments, be sure to select the “Save for Future Use”

• Review the Terms and Conditions, select I Agree, and select

• Select the “Acknowledgment” checkbox and select

• One last step, review all the information that you entered is correct. To complete the enrollment select “Pay $35.00.”