Payment Plans for Minnesota State Mankato Students

Payment plans can be a helpful way for students to manage their finances, especially during the busy spring semester. ### Spring Semester Payment Plan Options
For the spring semester, students can enroll in one of four Nelnet payment plan options. These options include:

Zero-down, five monthly installments beginning December 5th
15% or $300 down, four monthly installments beginning January 5th
15% or $300 down, three monthly installments beginning February 5th
30% down, two monthly installments beginning March 5th

Each payment plan option has a non-refundable $34 fee charged upon enrollment. #### Key Dates for Spring Semester Payment Plan Options
Here are the key dates for each of the four payment plan options:

Payment Plan Option	Start Date	End Date	Payment Frequency	Non-Refundable Fee
Zero-down, five monthly installments	December 5th	March 5th	Monthly	$34
15% or $300 down, four monthly installments	January 5th	April 5th	Monthly	$34
15% or $300 down, three monthly installments	February 5th	May 5th	Monthly	$34
30% down, two monthly installments	March 5th	June 5th	Bi-Monthly	$34

Each payment plan option must be enrolled in online through Nelnet/FACTS by the specified deadline. #### Financial Aid and Payment Plans
In addition to payment plans, students who receive financial aid may also be eligible for a payment plan. To confirm eligibility, students can check their account status at link.mnsu.edu/myaid. #### Last Day for Online Enrollment in Payment Plans
For students who want to take advantage of the payment plans, the last day for online enrollment in these plans is as follows:

Zero-down, five monthly installments: December 2nd
15% or $300 down, four monthly installments: December 2nd
15% or $300 down, three monthly installments: December 23rd
30% down, two monthly installments: December 23rd

For students who enroll in the payment plans after these dates, they may not be able to take advantage of the payment plans. #### Important Deadlines
In addition to the payment plan deadlines, there are several other important deadlines for the spring semester, including:

Last day for zero-down, five monthly installments: December 2nd
Deadline to complete loan acceptance steps: December 6th
Last day for financial approval for Spring 2025 full-semester flight lab enrollment: January 10th
Last day for immediate full payment: January 17th
Last day for 15% or $300 down, two monthly installments: January 25th
Last day for 15% or $300 down, three monthly installments: January 27th
Last day for 30% down, two monthly installments: February 17th
Last day for 15% or $300 down, two monthly installments: May 20th
Last day for 15% or $300 down, three monthly installments: May 20th
Last day for 30% down, two monthly installments: May 20th
Last day of bookstore charge period for eligible students: January 16th
Last day of bookstore charge period for eligible students: May 22nd
Tuition Obligation Date: January 17th
Tuition Obligation Date: May 23rd
Financial aid funds processing begins: January 18th
Financial aid funds processing begins: May 24th
1st financial aid disbursement date: January 24th
1st financial aid disbursement date: May 30th
Deadline to submit financial aid SAP suspension appeals: February 5th
Deadline to submit financial aid SAP suspension appeals: February 10th
Deadline to submit financial aid SAP suspension appeals: February 17th
Deadline to submit financial aid SAP suspension appeals: March 7th
Deadline to complete loan acceptance steps: May 2nd

#### Summer Term Payment Plan Options
In addition to the payment plan options for the spring semester, students can also enroll in one of four Nelnet payment plan options for the summer term. These options include:

30% down, two monthly installments beginning June 5th
50% down, balance paid July 5
60% down, balance paid July 5
Immediate full payment

Each payment plan option has a non-refundable $34 fee charged upon enrollment. #### Last Day for Online Enrollment in Summer Term Payment Plans
Here are the key dates for each of the four payment plan options for the summer term:

Payment Plan Option	Start Date	End Date	Payment Frequency	Non-Refundable Fee
30% down, two monthly installments	June 5th	July 5th	Bi-Monthly	$34
50% down, balance paid July 5	June 5th	July 5th	One-Time Payment	$0
60% down, balance paid July 5	June 5th	July 5th	One-Time Payment	$0
Immediate full payment	June 24th	N/A	N/A	$0

Each payment plan option must be enrolled in online through Nelnet/FACTS by the specified deadline. #### Last Day for Online Enrollment in Summer Term Payment Plans
For students who want to take advantage of the payment plans, the last day for online enrollment in these plans is as follows:

30% down, two monthly installments: June 24th
50% down, balance paid July 5: June 24th
60% down, balance paid July 5: June 24th
Immediate full payment: June 24th

For students who enroll in the payment plans after these dates, they may not be able to take advantage of the payment plans. #### Last Day for Online Enrollment in Summer Term Payment Plans
In addition to the payment plan deadlines, there are several other important deadlines for the summer term, including:

Last day for bookstore charge period for eligible students: May 22nd
Tuition Obligation Date: May 23rd
Financial aid funds processing begins: May 24th
1st financial aid disbursement date: May 30th
Deadline to submit financial aid SAP suspension appeals: May 20th
Deadline to submit financial aid SAP suspension appeals: May 23rd
Deadline to submit financial aid SAP suspension appeals: May 24th
Deadline to submit financial aid SAP suspension appeals: June 7th
Deadline to submit financial aid SAP suspension appeals: June 17th
Deadline to submit financial aid SAP suspension appeals: July 7th
Deadline to submit financial aid SAP suspension appeals: July 14th
Deadline to complete loan acceptance steps: May 2nd
Deadline to complete loan acceptance steps: June 24th

#### Important Deadlines
In addition to the payment plan deadlines, there are several other important deadlines for the academic year, including:

Last day for FAFSA: June 30th
Deadline to submit FAFSA: June 30th
Deadline to submit FAFSA: June 30th

#### Conclusion
Payment plans can be a helpful way for students to manage their finances, especially during the busy spring semester. With the help of Nelnet/FACTS, students can enroll in one of four payment plan options that fit their financial needs. By taking advantage of the payment plans, students can avoid late fees and ensure that they can afford their tuition and fees. It’s also important to note that financial aid and payment plans are two separate entities, and students who receive financial aid may also be eligible for a payment plan.