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. South Suburban College is pleased to enlist the services of Nelnet Business Solutions to make the process easier for you.
This page outlines payment solutions brought to you by Nelnet, the leading tuition payment plan provider in the industry. Working together, South Suburban College and Nelnet will provide you with sensible strategies for covering the rising costs of college.
To help you meet your educational expenses, South Suburban College is proud to offer Nelnet as a convenient budget plan ($100 minimum to budget). This 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 your interest-free monthly payment plan is a $25.00 per semester nonrefundable Nelnet Enrollment Fee. There is no fee to use the “Pay In Full By Credit Card” option.
All enrollment fees, down and full payments will be processed immediately.
You may budget your College tuition and fees in the following ways:
- 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 pre-approved for your expenses at South Suburban 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. There is no fee to use the “Pay in Full by Bank Account Transfer” option.
- Credit Card Option
Scheduling your payment 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.
You can enroll in the Nelnet Payment Plan by logging into SSC Self Service.
- Select “Student Finance”.
- Select “Create/Manage Payment Plan”.
- A new page will open. Select “Proceed to Processor”.
- Enter/verify requested information and select “Next” on the bottom of page (first time only).
- Answer security questions and select “Submit” (first time only).
- From the payment plan homepage, select “Set Up a Payment Plan”. Follow on screen instructions.
- If you have not checked on a box to accept terms and conditions and “Authorize”, then you have not completed the payment plan. You will receive an agreement number for a successfully completed payment plan.
NOTE: Be sure to have your bank account or debit/credit card information available to complete your payment plan. If paying by automatic bank payments, you will need the bank name, the bank routing number, and your account number. If paying by credit card, you will need the credit card type (VISA, etc.), card number, expiration date, and the 3-digit security code (CVV) along with the billing address for the credit card.
Information on Returned Payments
Should an automatic bank payment or credit card payment be returned, a $30.00 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.
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.
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.
NOTE: All down and full payments are processed immediately!
Enrollment in Nelnet is scheduled to be available on April 9, 2018. Payments can be made through SSC Self-Service 24 hours a day.
|Last Day to Submit Online||Required Down Payment||Number of Payments||Months of Payments|
|June 30||none||5||July – November 2018|
|July 26*||20%||4||August – November 2018|
|August 24**||30%||3||September – November 2018|
|August 27||50%||2||October – November 2018|
|Full payments may be made through October 18, 2018|
|* If you’ve registered for classes prior to July 12, 2018, you must submit your payment plan or your classes will be dropped.
** After July 26, 2018, you must enroll for the payment plan the day you register for your classes or you will be dropped.
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.
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 also serves as a reminder that a $25.00 per semester non-refundable Nelnet Enrollment Fee will be processed from the account indicated on the agreement. This $25 Nelnet enrollment fee will be charged to your bank or credit card account within 14 days of the completion of your agreement. There will be $30 non-refundable Returned Payment fee if a payment is returned.
In accordance with the Terms & Conditions of your Nelnet agreement, payments are processed electronically. Nelnet does not accept payments by phone.
IMPORTANT! IMPORTANT! IMPORTANT!
If you have questions regarding your Nelnet agreement, please contact Nelnet directly at (800) 609-8056. If you have questions regarding your financial aid award or tuition balance, please call the South Suburban College Cashier’s Office at (708) 596-2000 ext. 5720.