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Your life
with a little
less stress.
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
- Up to $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 2024 - 2025
Plans available beginning July 1, 2024
Monthly Payments | Enrollment Opens | Last Date to Enroll | First Payment Date | Down Payment Amount |
---|---|---|---|---|
10 | July 1 | August 8 | August 10 | none |
9 | August 9 | August 29 | September 10 | 10% |
Fall 2024
Plans available beginning July 1, 2024
Monthly Payments | Enrollment Opens | Last Date to Enroll | First Payment Date | Down Payment Amount |
---|---|---|---|---|
5 | July 1 | August 8 | August 10 | none |
4 | August 9 | August 29 | September 10 | 20% |
Spring 2025
Plans available beginning December 1, 2024
Monthly Payments | Enrollment Opens | Last Date to Enroll | First Payment Date | Down Payment Amount |
---|---|---|---|---|
5 | December 1 | January 8 | January 10 | none |
4 | January 9 | January 30 | February 10 | 20% |