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Payment Plan Benefits

Easy online enrollment

Flexible payment options

No interest

Make College Easier to Pay For with a Tuition Payment Plan.

Make college more affordable by paying for tuition and fees over time. Tuition payment plans break down your tuition balance into affordable monthly payments. There’s no interest, payment options are flexible, setup fees are affordable, and it’s easy to enroll!

Payment Plan Information

Payment Methods

  • Automatic bank payment (ACH)
  • Credit card/debit card

Regularly scheduled payments will process on the 10th of each month
Credit and debit cards will have a fully disclosed processed fee

Cost to Participate

  • $45 nonrefundable enrollment fee per semester
  • $60 nonrefundable enrollment fee for annual plans
  • $30 nonrefundable returned payment fee per returned payment

Simple Steps to Enroll

Before proceeding, please read the following: 

Students:  If someone is paying on your behalf, you MUST first set them up as an Authorized Payer.

  • Request an invitation email from stacctm@ferrum.edu
  • Click the link in the email to be taken to profile setup screen
  • Fill out your information to create your profile

Once your profile is set up, you can enroll in a payment plan, make a payment, or setup an authorized payer who can create a plan for your balance

Authorized Payers:  If you are paying on behalf of the student, the student MUST set up their account first and then add you as an Authorized Payer.

  • If you have used Nelnet before, simply sign in to manage your account.
  • If you are new to Nelnet, click on the “Create a username & password” button to create an online account

Need some help setting up a payment plan?

Watch this short how-to video.

*Note: This video tutorial is for demonstration purposes only. Your educational institution may offer options other than those shown in the video.

Important Plan Dates:

Annual 2021-2022

Plans available beginning July 1, 2021

Monthly PaymentsEnrollment OpensLast Date to EnrollFirst Payment Date
10July 1August 1August 10

Fall 2021

Plans available beginning July 1, 2021

Monthly PaymentsEnrollment OpensLast Date to EnrollFirst Payment Date
5July 1August 1August 10

Spring 2022

Plans available beginning December 1, 2021

Monthly PaymentsEnrollment OpensLast Date to EnrollFirst Payment Date
5December 1January 1January 10