A convenient, inexpensive and easy way to pay your tuition and fees
Monthly Tuition Payments
To help you meet your educational expenses, Schoolcraft College offers a tuition payment plan for credit class tuition and fees administered by NBS. NBS is a payment plan offered online that provides you with a low cost option for budgeting tuition and fees. It is not a loan program; therefore, you have no debt, there are no interest or finance charges assessed and there is no credit check. There is a $30.00 per semester nonrefundable enrollment fee. The enrollment fee is automatically deducted within 14 days from the day the agreement is submitted.How NBS Works
You may pay your tuition and fees one of two ways:
1. Automatic Bank Payment (ACH) - ACH payments are payments you have authorized to be processed directly with your financial institution. It is simply a bank-to-bank transfer of funds that you have pre-approved for your expenses at Schoolcraft College. Payments may be made from either your checking or savings account. Payments are processed on the 5th day of each month and will continue until the balance due to Schoolcraft College is paid in full.You may also pay for your tuition in full using your checking or savings account through the NBS e-Cashier web site by selecting the payment in full option. This allows you the convenience of paying your tuition without having to visit or mail information to the Schoolcraft College Cashier's Office. If you select this option your full payment will be deducted immediately and a $2.00 fee will be assessed. There is no enrollment fee to pay in full.
2.Credit Card - Many students and families like the option of charging their monthly tuition payment to MasterCard or Discover. This enables you to take advantage of various bonus programs offered by your credit card. If you elect to use this option, your monthly payment will be automatically charged to your credit card on the 5th day of each month and will continue until the balance due to Schoolcraft College is paid in full. There is an additional convenience fee of 2.50% charged for using credit cards.
When you enroll online for the NBS payment plan be sure you have the following information:
Your seven digit student number. The name and United States address of the person responsible for making the payments Bank or Credit Card account information of the person responsible for making the payments If paying by automatic bank payments, you will need the bank name, telephone number, account number, and the bank routing number of a United States bank. Most of this information is located on your check. If paying by credit card, you will need the credit card number and expiration date. To enroll in the NBS payment plan register for classes, proceed to the pay balance screen, and click on e-Cashier. This will take you to NBS e-Cashier web site. Once you are in NBS e-Cashier, review all information and refer to the menu bar at the top for additional questions you may have. After you have reviewed all information, select the "Proceed" button and follow the simple steps.
After you have accepted the Terms and Conditions and submitted your agreement, you will receive an immediate email (if your email address was provided). This email will confirm receipt of your enrollment in NBS e-Cashier.
Commonly Asked Questions About The Tuition Payment Plan
1. If payments are made automatically from my bank account, does that mean the college has direct access to my account?
No. This is a common misconception about automatic payments. No one other than your own financial institution has access to your bank account. When you arrange automatic payments through NBS, you have authorized a specific amount to be paid on a predetermined date each month.
2. When will payments begin?
After your agreement is received by NBS, you will receive a letter or e-mail confirming the monthly payment amount and when the payment is to begin. Payments will be processed on the same date each month until the total balance is paid in full. The letter will also serve as a reminder that a $30.00 nonrefundable enrollment fee will be processed from the account indicated on the agreement.
3. What if I miss a payment?
If you miss a payment, you will receive a letter from NBS with instructions on how the missed payment will be handled. A $25.00 missed payment fee will be assessed for each missed payment attempt. This fee is charged by NBS to offset the fees assessed by the bank when your payment is missed. Should a payment be missed three times Schoolcraft College will assess a $25.00 late fee.
4. How are my payments affected if my tuition balance changes?
Increases made to your account balance 10 business days prior to the 5th of the month will be reflected in your next monthly payment. If your account balance increases less then 10 business days prior to the 5th of the month, your next monthly payment will not be increased.
Decreases made to your account balance 5 business days prior to the 5th of the month will be reflected in your next monthly payment. If your account balance decreases less than 5 business days prior to the 5th of the month, your next monthly payment will not be reduced.
Subsequent payments will be adjusted accordingly.
5. Can I make changes to my NBS account information?
Yes. Call NBS at (800) 609-8056 to make any changes to your address, phone or banking information. Go to "My FACTS" Account to review your agreement online. The instructions to access "My FACTS" account are located in your confirmation letter or email.6. What is the payment schedule?
Term Number of Payments Months of Payments Down Payment Last Day to Enroll Spring 2 May & June 40% April 22, 2008 1 June 50% May 22, 2008 Summer 2 May & June 40% April 22, 2008 1 June 50% May 22, 2008 Fall 3 August-October 40% July 23, 2008 2 September & October 40% August 22, 2008 1 October 50% September 23, 2008 Winter 3 December-February 40% November 21, 2008 2 January & February 40% December 19, 2008 1 February 50% January 23, 2009 If you have questions regarding your tuition balance, please call Students Accounts at (734) 462-4586.