Cashier's Office
University of Montevallo Spring 2011 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. Please
make note of the
balance owed.
Later on in the
enrollment
process you will
have the option
to change the
amount you wish
to enroll in the
payment plan.
This NEW option
will allow you
to deduct
scholarships,
financial aid
loans, etc. that
may not yet be
showing on the
account.
**Please note if
you enter an
incorrect
amount, a
scholarship or
aid does not
credit to the
students account
as expected your monthly
payments may
increase. Please
watch your
account to
ensure that all
financial aid
loans,
scholarships,
etc. credits
properly.
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 2011 e-Cashier available on November 10, 2010.
Last day to
Required
Number of
monthly
Months of
enroll online
down payment
payments
payments
December 2 NONE 5 Dec--April
December 21 20% 4 Jan--April
January 23 40% 3 Feb--April
February 5 60% 2 Mar--April
NOTE: The down payment will process at the time the payment plan is submitted.