University of Montevallo Spring 2010 Payment Plan

 

To help you meet your education expenses, University of Montevallo is pleased to offer once again Nelnet Business Solutions as a convenient budget plan. It is not a loan; therefore, you have no debt, no interest or finance charges that are assessed, and there is no credit check. The cost to budget monthly payments is a $40 per semester nonrefundable enrollment fee. The enrollment fee is automatically deducted from your account within 14 DAYS of your agreement being posted to the system.

 

The tuition payment is automatically deducted on the 5th of each month from a checking or savings account. You may also have your payment charged to your credit/debit card. If you elect to use your credit card, only Visa, MasterCard, American Express, or Discover Card may be used. Please note: Debit cards may be returned unpaid due to daily limit restrictions imposed by your bank.

 

If your payment on the 5th is not successful, it will be reattempted on the 20th of the month. Anytime a payment is returned, you will receive notification on how the returned payment will be handled. Your agreement will be processed until the balance owed is paid in full. For each returned payment, you will be assessed a $25 returned payment fee. Please note, your financial institution may also assess you a fee. Returned payment fees are automatically deducted from the account you have provided. If your returned payment fee is returned, it will be reattempted. Returned payment fees are payable to Nelnet Business Solutions/FACTS.

 

To enroll (students who may have already participated in this payment plan REMEMBER you must re-enroll each term, the payment plan does NOT automatically roll to the next term), please log into ForUM, click on the banner tab and choose banner self services. Go to Student, Student Account, and Set up Payment Plan. You will see an overview of your account statement for the current term. Scroll down to the bottom of the screen and click on the e-cashier link. You will be directed to the e-cashier/MyFACTS website. Enter your student ID (UM assigned ID) to begin. Please note this is a secure website.

 

Information will be shared between UM and e-cashier monthly to update account balances. If the account balance changes prior to monthly update between UM and e-cashier, subsequent payments will be recalculated to reflect even payments for the remaining balance due.  Please do not assume your balance will automatically be adjusted if financial aid is received or a class is dropped or added. You should review your agreement balance online through My FACTS Account or call the University of Montevallo Cashier’s Office at 205.665.6065 to confirm the change. If you have questions related to e-cashier, please contact them at 1-800-609-8056 or the UM Cashier's Office at 205-665-6065.

 

Target Dates to Enroll for Spring 2010 e-Cashier available on November 11, 2009.

 

Last day to enroll online          Required down payment         Number of payments   Months of Payments

      December 21                                              50%                                          4                      Jan – Apr

      January 23                                                  60%                                          3                      Feb – Apr

       February 5                                                  75%                                          2                      Mar – Apr

 

NOTE: The down payment will process at the time the payment plan is submitted.