Tuition Payment Plan
All fees and charges are due two weeks prior to the beginning of the semester in which the student is enrolled. Students may not register until their accounts are paid in full or satisfactory alternative arrangements are made with the Business Office.
Students who have outside scholarships or loans not already credited to their accounts by the day of registration must have written confirmation from the source of the aid if the scholarship or loan is to be considered in computing the net amount due.
The NBS ( Nelnet Business Solutions) Tuition Payment Plan - formerly FACTS
To help you meet your educational expenses, Monmouth College is pleased to offer NBS as a convenient budget plan. NBS is a tuition management plan that provides you with a low cost option for budgeting tuition and other educational expenses.
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 NBS is a $35.00 per semester or $50.00 per academic year nonrefundable enrollment fee. The enrollment fee is automatically deducted immediately upon submitting your agreement registration to the NBS system.
Check out the online application for the NBS Tuition Payment Plan.
How NBS Works
Using NBS is simple. You may enroll online. Information for enrolling online is provided below. You may budget your tuition and fees one of two ways:
Automatic Bank Payment (ACH)
ACH payments are those payments you have authorized NBS 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 Monmouth College. Payments may be made from either your checking or savings account. Payments are processed on the 5th or the 20th of each month and will continue through April.
Credit Card Option
Many payers have requested the option of charging their monthly tuition payment to their credit card. This enables you to take advantage of various bonus programs, like frequent flyer miles, offered by your credit card company. If you elect to use this option, your monthly payment along with a convenience fee will be automatically charged to the credit card you designate (MasterCard, Discover and American Express only). The convenience fee is in addition to the nonrefundable enrollment fee. Payments will be charged on the 5th or the 20th of each month until the balance is paid in full. If you wish to use this option you may enroll by registering online through e-Cashier. Credit card payments are processed by American Card Services, Inc.
Should an ACH or credit card payment be returned, a $30 returned payment fee will be automatically assessed to your account. You will be notified by NBS of the returned payment via mail or email.
Enrolling online is simple, secure and easy. Connect to the NBS e-Cashier web site through this web page. Click on NBS Tuition Payment Plan
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 NBS e-Cashier.
Please remember, once you have submitted your NBS agreement online, any down payment or full payment is deducted immediately. A $2.00 NBS non-refundable enrollment fee will be assessed for full payment.
Completing the NBS Agreement
When you enroll online, be sure you have the following information:
- Your student ID, as assigned by Monmouth College.
- 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, Discover or American Express only), you will need the credit card number and expiration date.
To complete the NBS Agreement:
- Complete the budget worksheet.
- Complete the NBS Agreement Form:
Enter student's name, Monmouth College ID number and email address.
Enter the name, address, phone numbers and email address for the person responsible for paying the tuition.
Enter the bank account or credit card information to be used for payments.
Verify your payment terms. These are the total amount you wish to budget and the number of payments. The total of each payment is determined by dividing the amount to be budgeted through NBS by the number of payments.
Spring 2018 Plans
Spring plans available November 1, 2017
|Number of Payments||Down Payment||Last day to Enroll Online|
|5 (Dec-Apr)||none||Nov 23|
|4 (Jan-Apr)||20%||Dec 23|
|3 (Feb-Apr)||25%||Jan 25|
|Number of Payments||Down Payment||Last day to Enroll Online|
|5 (Dec-Apr)||none||Dec 11|
|4 (Jan-Apr)||20%||Jan 10|
|3 (Feb-Apr)||25%||Feb 8|
If you have questions about your agreement with NBS, please call either the Monmouth College Business Office at (309) 457-2124, or NBS at (800) 609-8056.
Call NBS at (800) 609-8056 to make any changes to your address, phone, or banking information. If you have questions regarding your NBS agreement please contact NBS directly or go to "My NBS Account" to review your agreement online. The instructions to access "My NBS 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.
The following budget worksheet is to be used as a guide to determine your college expenses and credits. When enrolling through e-Cashier use the "Budget Worksheet" provided online. Determine the total of your tuition and fees. Deduct any authorized financial aid. The balance is the amount due to Monmouth College. This is the amount you may wish to budget through NBS.
|Room & Board||$________|
|Other (Health Insurance, Vehicle Registration, Music Lesson etc.)||$________|
|Loans Anticipated, less loan processing fees||$________|
|Other Financial Aid||$________|
|Down payment or Direct Payments to MC||$________|
|Amount to be budgeted through NBS|
Payments that are missed will be automatically reattempted. Any interest earned on all funds held in custody by NBS is payable to NBS. Missed payment fees are payable to NBS. Your financial institution may also assess a fee. NBS enrollment and missed payment fees are subject to change in future academic years or semesters, unless otherwise agreed by NBS and Monmouth College.
If you have any questions, please call the Business Office at (309) 457-2124.
Check out the online application: NBS Tuition Payment Plan