Tuition Installment Plan


The cost of higher education has increased in recent years. To help you better manage this expense, Florida SouthWestern State College has teamed with to offer you a plan (TIP - T uition I nstallment P lan) where payments can be made on a monthly basis.

TIP offers a choice of on-line payment plans paid either by credit card or automatic bank payments (ACH) from your checking or savings account.

TIP gives you a convenient, interest-free way to budget education expenses. Instead of having to pay the tuition and fees immediately when you register or going into debt, you may budget those education expenses over several payments per term. Because TIP is not a loan program, there is no debt, no credit search, and no interest or finance charges assessed by Nelnet on the unpaid balance. The only cost is a per term non-refundable enrollment fee.

Accessing Your Account
Commonly Asked Questions
Nelnet Management Terms and Conditions
Florida SouthWestern State College's Additional Terms and Conditions for TIP


Accessing Your Account

If you have already created a TIP agreement with for the current registration term, you can access your personal account information at https://secure.factstuition.com/facts/myfacts. Please note that you will need to have your TIP agreement number, FSW's identification number (Banner ID), and validation code from your Confirmation Letter to view account information.

If you would like more information, call at 800-609-8056, call your FSW Campus Cashier, or email cashier@fsw.edu.

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Commonly Asked Questions About the Tuition Installment Plan (TIP)

1. Who is the ? Are they different than TIP?

and its subsidiaries provide a payment program used by institutions across the country. Florida SouthWestern State College calls this payment program the Tuition Installment Plan (TIP). Nelnet has been in the tuition management business for 15 years. For more information about Nelnet, you may review their web site at www.factsmgt.com.

2. If payments are made automatically from my bank account or charged to my credit card, does that mean Nelnet or Florida SouthWestern State College has direct access to my account?

No. This is a common misconception about automatic payments. No one other than you and your financial institution has access to your account. When you arrange to make an automatic payment through Nelnet, you authorize a specific payment amount to be paid by your bank or credit card company beginning on a specific date.

3. Will or any of its subsidiaries disclose any personal information to a third party?

No. Nelnet acts as agent for institutions in administering payment plans. In the course of providing payment plan services for Florida SouthWestern State College, Nelnet receives personal and financial information from their customers (you). It is the policy of and its subsidiaries to protect all information provided to us by all participants in the Nelnet payment plans. From time to time Nelnet may share this information with the responsible parties on the Nelnet account and with Florida SouthWestern State College for which Nelnet is acting as an agent. Nelnet does not sell or share any nonpublic personal information or client lists to any third party, except as agreed to by you, or as may be necessary to complete a transaction in the ordinary course of business, or as required under an applicable law.

4. When is my down payment or my enrollment fee processed?

If your payment plan requires a down payment, the down payment for the TIP agreement will be processed THAT SAME EVENING. It is imperative that sufficient funds or credit line is available. If your down payment fails, your TIP agreement will be terminated (see also 8 below).  The nonrefundable enrollment fee is processed within 14 days.

5. When will monthly payments begin?

Monthly payments will be processed starting on the first payment date you select when you enroll for monthly payments via Nelnet e-Cashier. Your subsequent payments will be processed on the 20th of each month.

6. What happens if the payment date is on a weekend or holiday?

If the scheduled payment date falls on a weekend or banking holiday observed by the Federal Reserve Bank, the payment will be attempted on the next business day. Although Nelnet specifies the date each payment will occur, it is the responsible party's financial institution that determines the time of day the payment is debited to the account (this applies to Automatic Bank Payments only).

7. What happens if a payment is returned?

If a monthly payment is returned, you will receive an e-mail or letter from Nelnet with instructions on how the returned payment will be handled. A $25 Nelnet Returned Payment Fee will be assessed for each returned payment. Your financial institution may also assess a fee. If a returned payment fee is also returned, it will be reattempted. Nelnet Returned Payment Fees are subject to change in future academic years.

8. If my agreement is terminated because of unavailable funds, what will happen?

Any previous payments made will be refunded to Florida SouthWestern State College within 45-60 days. Florida SouthWestern State College will then refund the student, not the responsible party, based upon the College's existing refund policy. If the agreement is terminated before the add / drop deadline, you must pay your balance in full directly to Florida SouthWestern State College immediately or your term registration will be deleted.

9. I have an agreement, and I've changed my schedule which has affected the balance I've agreed to pay.

Florida SouthWestern State College will adjust your agreement to equal the total of all tuition and fee charges for the current term through the first day of classes (as defined by FSW's Academic Calendar). Your monthly payment amount will be increased or decreased based on this adjustment.

If you have already created a TIP agreement with for the current registration term, you can access your personal account information at https://secure.factstuition.com/facts/myfacts. Please note that you will need to have your TIP agreement number, FSW's identification number (Banner ID), and validation code from your Confirmation Letter to view account information.

If you would like more information, call at 800-609-8056, call your FSW Campus Cashier, or email cashier@fsw.edu.

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Nelnet Management's Terms & Conditions

AUTHORIZATION: TIP is administered for Florida SouthWestern State College (Institution) by of Lincoln , NE. Nelnet has contracted with the Institution to act as its agent for the collection of tuition and/or fees. As the Responsible Party who has submitted this agreement, you accept and agree to be bound by the agreement's terms and conditions until the total amount owed is paid in full. Additionally, you authorize Nelnet to process payments and fees from the account provided or any subsequent account provided. Your authorization will terminate when the total balance due has been paid (including fees, unless waived).

DOWN AND FULL PAYMENTS: If you elect to make a down payment, that payment will be processed by Nelnet immediately according to the payment method you have selected. Should your down payment fail, Nelnet will notify you that your agreement has been terminated. You will be instructed to reenroll through Nelnet or make payment arrangements directly with Florida SouthWestern State College.

ENROLLMENT FEE: The nonrefundable enrollment fee will be deducted from the account provided within 14 days of the agreement being posted to the Nelnet system. The nonrefundable enrollment fee is based upon the number of payments selected for each Nelnet agreement period. If the entire balance due is not paid within the agreement period or twelve (12) months, whichever period is shorter, an agreement is in renewal. On the renewal date of such an agreement, Nelnet may assess a new enrollment fee. Fees are subject to change in future academic years. The nonrefundable enrollment fee(s) applicable to this agreement is (are) shown at the bottom of this page.

RETURNED PAYMENTS: In the event that your financial institution returns a monthly payment, a $25 returned payment fee will be automatically deducted from the account provided within 20 days. A returned payment fee will be assessed for each payment attempt that is returned. If any fees are returned, they will be reattempted. Fees are subject to change in future academic years.

PAYMENT METHOD: If you wish to change from a checking or savings account to a credit card, or vice versa, you will need to complete a new agreement and an additional nonrefundable enrollment fee will be automatically deducted.

PAYMENT DATES: If your payment date falls on a weekend or a banking holiday observed by the Federal Reserve Bank, the payment will be attempted on the next business day. Although Nelnet specifies the date each payment will occur, your financial institution determines the time of day the payment is debited to the account.

CUSTODIAL ACCOUNT: Collected funds shall be held by Nelnet as your agent until remitted to the Institution. Depending upon the Institution's policy, payments returned by your financial institution will be automatically reattempted. Refunds of any money paid to Nelnet, except for any applicable fees, will be handled by the Institution according to its refund policy. Interest earned on custodial funds is payable to Nelnet.

CHANGES TO AGREEMENTS:

A. You may make changes to the information you provided in this agreement by contacting the Institution. The timely application of changes depends on when they are received by Nelnet. Nelnet may refuse to apply changes prior to the next scheduled payment date if Nelnet determines, for whatever reason, that it does not have sufficient time to act on them. In the event that you authorize additional services from the Institution, or in the event that additional fees are assessed by the Institution in accordance with its policies, you understand that the total balance due and/or payment amount will change. You agree that your authorization of any such change shall constitute your authorization to change the payment amount, and/or to continue payments until the total balance due is paid in full. If you, as the Responsible Party, are not the student, you authorize the student to make changes to his or her schedule or activities and agree to be bound by any such changes. You do not require Nelnet or the Institution to send advance notice of any adjustments resulting from any such changed authorization, which includes any reduction in the balance due and/or payment as a result of financial aid, or any other similar cause. However, a copy of any such changed authorization is to be provided to you by the Institution (see also FSW's Additional Terms and Conditions).

B. If there will be any change in the preauthorized payment amount other than a change made by you, as described above, the Institution will give you notice of such changed payment amount at least ten (10) days in advance of the next scheduled payment (see also FSW's Additional Terms and Conditions).

C. You may revoke your authorization by sending Nelnet a signed, written notification or an e-mail. Upon receipt, Nelnet will immediately terminate your agreement. However, terminating your agreement with Nelnet in no way affects your obligation to pay Nelnet, and you will be charged another nonrefundable enrollment fee if you need to begin a new agreement (see also FSW's Additional Terms and Conditions).

CONFIRMATION: Any and all inconsistencies in the information provided will be resolved in the confirmation notification sent to you from Nelnet. Changes made by the Institution that are received by Nelnet before the notification is sent may also be included. In either event, the confirmation notification shall be controlling.

REFUND/TERMINATION DISCLOSURE: Nelnet guarantees remittance of tuition and/or fees it collects from you. Nelnet reserves the right to terminate this agreement at any time if you are not current on payments or fees due Nelnet. If Nelnet exercises this right, the student on this agreement may be dropped from class(es). Failure to pay any debt to Nelnet could also result in holds being placed on transcript requests, registration for subsequent academic terms, and graduation. If this agreement is terminated for any reason, money collected prior to termination (if any) will be remitted to the Institution, less any fees due Nelnet. Refunds, if any, will be handled by the Institution and will not be issued until 60 days after the last day of the add-and-drop period. As noted above, enrollment fees and returned payment fees are nonrefundable. If this agreement is terminated, Nelnet will attempt to notify you immediately via the e-mail address Nelnet has on file. If the e-mail address is invalid, a letter will be mailed.

If an automatic payment is returned, a $25 Nelnet Returned Payment Fee will be assessed.

GOVERNING LAW: You acknowledge that the origination of ACH transactions to your account must comply with the provisions of U.S. law. This agreement shall be governed by the laws of the State of Nebraska . The District Court of Lancaster County, NE, shall be the sole venue for filing any action. This agreement should in no way be construed to be a lender-borrower agreement between Nelnet and the Institution or Nelnet and you.

Arbitration: Upon the demand of you or Nelnet, any dispute concerning the parties' duties or liabilities under this agreement shall be resolved by binding arbitration in accordance with the terms of this agreement. Arbitration proceedings shall be administered by the American Arbitration Association ("AAA") or such other administrator as the parties shall mutually agree upon in accordance with the AAA Commercial Arbitration Rules. All disputes submitted to arbitration shall be resolved in accordance with the Federal Arbitration Act (Title 9 of the United States Code), notwithstanding any conflicting choice of law provision. The arbitration shall be conducted at a location in Lincoln , Nebraska selected by the AAA or other administrator. All statutes of limitation applicable to any dispute shall apply to any arbitration proceeding. All discovery activities shall be expressly limited to matters directly relevant to the dispute being arbitrated. Judgment upon any award rendered in arbitration may be entered in any court having jurisdiction.

Notice of Privacy Statement: Nelnet acts as agent for institutions in administering their payment plans. In the course of providing payment plan services for these institutions, Nelnet receives personal and financial information from their customers. It is the policy of Nelnet and its subsidiaries to protect all information provided to us by all participants in the Nelnet payment plans. From time to time Nelnet may share this information with you and with the institution for which it is acting as an agent. Nelnet does not sell or share any nonpublic personal information or client lists to any third party, except as agreed to by you, or as may be necessary to complete a transaction in the ordinary course of business, or as required under an applicable law. To protect the information from access by unauthorized parties, Nelnet maintains physical, procedural, and electronic safeguards.

SPECIAL NOTICE REGARDING FINANCIAL AID: Please do not assume your balance will automatically be adjusted if you receive financial aid or a class is added or dropped. You should review your agreement balance online through My Nelnet Account or the College portal website, if applicable, to confirm the change (see also FSW's Additional Terms and Conditions).

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Florida SouthWestern State College's Additional Terms and Conditions

Acceptance of the following terms and conditions are being set forth as an additional requirement to use the Florida SouthWestern State College, Tuition Installment Plan (TIP).

1. The responsible party authorizes Florida SouthWestern State College to alter the TIP agreement, to equal the total of all tuition and fees due on the student's account for the term enrolled, i.e. changes in amount due to add/drop of courses will be automatically adjusted by FSW until the last add/drop date of that term. The responsible party understands if the student is subsequently awarded financial aid, the TIP agreement will be adjusted down or cancelled completely depending on the amount of aid the student receives.

2. The student is personally liable to Florida SouthWestern State College for any tuition and fee debts that remain on their account as a result of the following:

• The responsible party is in default of their TIP agreement with Nelnet Management and all monies due have been transferred back to the student's FSW account.
• The student has added a class(es) within 7 business days of the add/drop deadline and the TIP agreement could not be updated for the new balance.
• The responsible party terminated the TIP agreement and the student must pay their tuition and fees due to Florida SouthWestern State College by the payment deadline or the student's registration will be deleted.

3. A refund of payments made to the TIP agreement will be returned to Florida SouthWestern State College within 45 - 60 days.  Florida SouthWestern State College will then issue a refund payable to the student, not the responsible party on the TIP agreement (if the two are not the same), in the form of a check in accordance with Florida SouthWestern State College's refund policy.

4. Failure to pay fees owed on the TIP agreement, or otherwise defaulting on the agreement, will result in a financial hold placed on the student's FSW account. This hold will prevent the student from receiving grades or transcripts and will also prevent the student from registering in a future term at FSW.

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