Monthly Payment Plan

To help you meet your educational expenses, Patrick Henry College is pleased to offer Nelnet Business Solutions'  FACTS plan as a convenient budget tool. It is not a loan; therefore you have no debt, there is no interest and there is no credit check. There are however fees associated with this option. The cost to budget monthly payments is a $25 per semester nonrefundable enrollment fee.

In addition, Patrick Henry College will charge a 2% processing fee that will be added to your account balance prior to the Nelnet Business Solutions payment calculation. 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 card. If you elect to use your credit card, only VISA, MasterCard, American Express,
or Discover Card may be used. Please note: Check, Debit, and ATM 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. Any time 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.

• Enrollment fees and returned payment fees are subject to change in future academic years or semesters. Interest earned on
all custodial funds held by Nelnet Business Solutions/FACTS is payable to Nelnet Business Solutions/FACTS.

• If you have questions, please call the Patrick Henry College Student Billing Office at 540.338.8842 or Nelnet Business
Solutions/FACTS at 800.609.8056.

Download printable FACTS Brochure (requires Adobe ).

Enrolling online is simple, secure, and easy. Log onto the
PHC Student Portal and follow these simple steps:

• Click My Ledger tab to see your account details
• Look for Nelnet-FACTS to set up your payment arrangements
• Choose Monthly Payments or Full Payments
• Follow the user instructions in the Nelnet Business Solutions
system

Fall 2010 Target Dates to Enroll By

Last Day  to Enroll  On-line	Required  Down  Payment	Number of  Payments	Months of  Payments
July 23, 2010	none	5	Aug - Dec
Aug 5, 2010	25%	3	Sept - Nov

 

   

 

 

 

 

 

 

 

 Spring 2011 Target Dates to Enroll By

Last Day  to Enroll  On-line	Required  Down  Payment	Number of  Payments	Months of  Payments
Dec 18, 2010	none	5	Jan - May
Jan 5, 2011	25%	3	Feb - April