How Tuition Payment Plans Keep Students Enrolled

When students fall behind on tuition payments or can’t afford an all-at-once semester payment, it puts the students and institution at risk. For students, this often means dropping out of classes and being unable to continue pursuing their education. Institutions experience negative impacts on their retention rate and overall revenue.

Nelnet Campus Commerce offers a solution to these challenges. Nelnet Payment Plans allow institutions to provide students with a variety of options to manage their educational expenses more effectively. These plans are designed to make college more affordable and accessible, providing students and staff with automated and flexible payment solutions.

Payment Plans benefit higher education institutions in multiple ways by streamlining processes for staff, offering students options to stay enrolled, and increasing revenue.

• Automated processes reduce workloads for campus staff and simplify the process for students, which increases the number of completed payments and positively impacts the institution’s bottom line.

• Full-service, U.S.-based customer support is available to answer administrator, staff, and student questions. This cuts back on the time the institution must spend troubleshooting and answering student questions.

• Providing students with flexible payment options is a great enrollment and retention tool. Students want to attend an institution they know they can afford. Plus, by making it easier for students to keep up with payments, they are less likely to need to drop out.

Wanda Brown, Bursar for Mott Community College said, “Moving to Nelnet’s Payment Plan product has reduced manual work for my team and allowed all our students the ability to set up a plan.”

Payment Plans benefit students by giving them more flexibility. Having the option to pay tuition in smaller installments over time makes it possible for more students to pursue higher education with less debt.

• Flexible payment terms reduce student financial stress and make education more affordable and accessible.

• Live phone and chat support available within the student portal allows students to find answers to questions quickly and makes the process easier to manage.

• The option to set up automated payments gives students less stress about missing a payment, allowing them to focus more on their education.

To provide students and staff with the most flexible options possible, Nelnet Campus Commerce offers several types of Payment Plans to meet the needs of diverse institutions. Dive deeper into the details of Nelnet’s Actively Managed, International, and Past Due Payment Plans.

This “standard” payment plan allows students to budget tuition and fee payments over a semester. Nelnet Campus Commerce will manage all the details for your students and staff by following up on delinquent payments, helping promote the plans on campus, offering full-service support, and more.

With Nelnet International Payment Plans, make your campus accessible to all who wish to attend by allowing international students to pay their tuition in their home currency. Just like with Actively Managed Payment Plans, students can budget payments over time and access Nelnet’s fully-staffed customer support team to help them stay on track.

In partnership with Convera, International Payment Plans will allow your institution to accept more than 140 currencies in over 200 countries and territories. This facilitates easier transactions for international students, reducing financial barriers and providing more access to education abroad. Plus, low, transparent fees make it easier for students to ensure they never miss a payment.

When students fall behind on payments or have a debt to repay, getting them back on track can be a time-consuming and expensive process. With Nelnet Past Due Payment Plans, provide current and former students flexible payment options to get back on track for enrollment and reduce outstanding receivables for your institution.

Nelnet Payment Plans simplify administration, reduce workloads, and provide students with flexible payment options, supporting both retention and institutional financial stability. These solutions ensure your institution is well-equipped to meet the needs of both students and staff.

Want to learn more about how Nelnet Payment Plans can support your institution and students? Connect with our team.