Payment Plan Information

Fall 2024 Payment Plans are now available!

Payment Plans

Montana Tech offers easy payment plans to pay for your college tuition expenses. Payment plans allow you to budget for your tuition and fees. It is not a loan program, no interest or finance charges are assessed and no credit check is taken. The only cost is a $35.00 enrollment fee, which is applied each semester that a student opts into a payment plan.

What is the payment plan schedule?

The payment plan schedule is as follows:

How do I opt in?

Students must opt in to a tuition payment plan each semester via their Nelnet QuikPay Portal. Follow these steps:

1. Log into MyMTech with user ID and password
2. Select Student and Financial Aid in the Orediggerweb section
3. Select Health Insurance Choices – REQUIRED and make your choice
4. You will automatically return to the Student and Financial Aid menu after making your choice
5. Select Account Detail for Term and select the term you want to look at
6. Review Bill and Click Pay Now
7. Click Payment Plan on the left sidebar and follow the steps

How does it work?

Once you opt-in to a payment plan, a down payment is required on your sign-up date. Students must sign up for a payment plan by the first day of class. An auto-draft payment method is required to set up a payment plan.

1. Bank Payments: ACH payments are those payments you have authorized Nelnet Business Solutions to process directly with your U.S. financial institution. It is simply a bank-to-bank transfer of funds that you have preapproved for your expenses at Montana Tech. Payments may be made from either your checking or savings account. Payments are processed on the 20th of each month and will continue until the balance is paid in full. You will need your checking/savings routing and account numbers. Please note: The ACH option is available to you if your banking institution is located in the U.S.
2. Credit Card/Debit Card Option – Your card will be charged a 2.85% transaction fee. See disclaimer* If you elect to use this option, your monthly payment will be automatically charged to the credit or debit card you designate. Payments will be charged on the 20th of each month until the balance is paid in full.

*Debit cards normally carry a daily or per transaction limit. If you choose to use your debit card, you may be at risk of having your payment declined and being charged a returned payment fee of $30 per occurrence by Nelnet. The cardholder can call the card company or bank before signing up for a payment plan and request the daily or per transaction limit to be increased to allow you to use your debit card but this is at your own risk. PLEASE review your daily or per transaction limits on your debit card if you attempt to use this option or you will be liable for the returned payment fee assessed by Nelnet Business Solutions.

*We highly recommend if you wish for the payment to be withdrawn from your checking or savings account to choose the ACH option and complete the required account information. You will be notified by Nelnet via mail or e-mail if your payment is returned for any reason.

Parents and Authorized Payers

Your student must first invite you as an Authorized Payer in Nelnet QuikPay. Details for the authorized payer setup can be found here.

Down Payment and Auto Draft Information

Please remember, once you have submitted your agreement online, the nonrefundable enrollment fee and any down payment or full payment is deducted immediately.

Do not assume your balance will automatically be adjusted if an additional partial or full payment is made, financial aid is received or a class is dropped or added. You should review your agreement balance online through your Nelnet QuikPay Account.

Payment drafts cannot be stopped within 2 business days of the scheduled monthly payment draft.

If your monthly payment fails to process for the first or second drafting attempt:

• Your classes WILL NOT be dropped.
• Nelnet Payment Plan servicer will charge you or your authorized payer a $30 NSF fee for missing the payment and you or the authorized payer will be notified by email or mail of the failed payment attempt and when they will reattempt that payment.
• Payment reattempts are generally scheduled for the 20th or the 5th of the month following the missed payment date.

If your monthly payment fails for the third drafting attempt (same monthly payment failed for the first attempt, then two more reattempts - three total attempts):

• Your Payment Plan contract is terminated
• The student or authorized payer will receive an email from Nelnet Business Solutions
• Your classes will not be dropped
• You are responsible to make payments directly to Montana Tech.
• You or authorized payer are liable for all NSF charges to the Payment Plan servicer and to your banking institution. NSF charges are the student's responsibility.

IMPORTANT!  To make any changes to your banking information, or if you have questions on your plan, log into your Nelnet QuikPay account to make the changes or call the payment plan servicer at (888) 470-6014.