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Payment Plan

Students who register for classes at Reynolds have the option to apply for the Nelnet Payment Plan (Formerly TMS) through MyReynolds July 6, 2019 - August 29, 2019 (For Fall 2019). Students must initiate the Nelnet Payment Plan contract by the corresponding Reynolds payment due date or the student will be dropped from classes for non-payment.


Note: Deadlines to enroll in Nelnet Payment Plan that are listed on the brochure are NOT the same as Reynolds tuition payment due dates. Reynolds deadlines take priority. Please review the Tuition Payment Due Dates section for a listing of the Reynolds deadlines.


Once logged into MyReynolds and registered for classes, you can apply for the Nelnet Payment Plan through the SIS Self Service page by clicking on the Apply for Payment Plan link. Participation in the payment plan may be accomplished only through this website; payment plan application by mail, telephone, or at Reynolds is not available.


Nelnet Payment Plan contracts must be initiated for the full amount of tuition and fees.  Financial aid and third party sponsorships cannot be factored in with the payment plan.

 

Fall 2019 payment plan contract balances will automatically be increased to match changes in tuition and fee balances up until August 29, 2019. Your installment payments will be adjusted accordingly. Students who wish to have their payment plan contract balances increased/decreased must request the adjustment no later than two business days prior to a scheduled installment date by contacting Nelnet at 800-337-0291.  Decreases are permitted through October 23, 2019. Classes added after August 29, 2019 must be paid in full directly to Reynolds at the time of registration. Please review the Academic Calendar for registration dates and payment deadlines.

 

Students who wish to terminate their payment plan must contact Nelnet at 800-337-0291. Terminations are permitted through September 5, 2019.  For terminations to take effect before a scheduled payment date with Nelnet, the request must be received two business days before the scheduled payment date. Students who default on Nelnet payments or fees at any time can be terminated by Nelnet and classes will be dropped.


To participate in the Nelnet Automatic Payment Plan, log on to MyReynolds then click on SIS Student Information System.  From the Self Service page, click on Student Center.  You may apply for the Nelnet Payment Plan  by clicking on the Apply for Payment Plan link .


Fall 2019

Plans available beginning  July 6, 2019

Enrollment Fee Plan Terms First Non Deposit Due Date Deposit % Last Date to Enroll
$35 Deposit + 3 Payments 8/16/19 40% 8/5/19
$40 Deposit + 2 payment 9/16/19 50% 8/29/19

TMS_Military Lending Act Information

Frequently Asked Questions about the Payment Plan

I don’t have a checking account, savings account, or credit card. Can I still enroll in the program?

No. In order to enroll in the Nelnet Payment Plan, you must have a bank account or credit card.

Is there an additional fee for using a credit card instead of a bank account?

Yes. Nelnet charges an additional processing fee for using a credit card.

How much is the fee that is charged for using a credit card?

The amount of the fee is based upon the amount of tuition.

When will the enrollment fee be taken out of my account?

The enrollment fee payment is processed immediately.

When is the down payment taken from my bank account or charged to my credit card?

The down payment is processed immediately.

I enrolled in the Nelnet payment plan and the down payment has been taken out but when I check my student account online it still shows a balance, why?

Reynolds and Nelnet computer systems are separate; therefore even though payments are being taken out by Nelnet it will still show a balance on the school’s system. Once Reynolds receives funds from Nelnet near the end of the semester we can post those payments to your Reynolds account. If you were current on all your payments with Nelnet this should zero out your balance with the school.

I am adding or dropping a class.  Will my payment plan agreement automatically be adjusted?

Increases will automatically be made only through August 29, 2019. Students who wish to have their payment plan contract balances increased/decreased must request the adjustment no later than two business days prior to a scheduled installment date by contacting Nelnet at 800-337-0291.  From August 30, 2019 - October 23, 2019 only decreases are allowed on Nelnet contracts. Students must contact Nelnet to have any adjustments made during this period. 

I need to change the bank account that the payments are being taken out of, can you change this?

Reynolds is unable to do this. You will need to contact Nelnet at 800-337-0291.

I want to change the payment date, can you do this?

No. Nelnet has strictly established payment dates on the 16th of each month, unless the 16th falls on a weekend or holiday. If so, then the payment will be attempted on the next business day.

How do I terminate my Nelnet contract?

Students who wish to terminate their Nelnet contract must contact Nelnet at 800-337-0291. Terminations are permitted through September 5, 2019.  For terminations to take effect before a scheduled payment date with Nelnet, the request must be received two business days before the scheduled payment date. Students who default on Nelnet payments or fees at any time can be terminated by Nelnet and classes will be dropped.

I have dropped my classes that were paid by using the Nelnet Payment Plan. When do I get my refund?

For Fall 2019, if you have terminated or withdrawn from the payment plan by September 5, 2019 Nelnet will forward your payment to the college on September 20, 2019.  If your payment plan is still active, Nelnet will forward your payment to the college on October 28, 2019.  Please allow an additional 7-14 business days to receive your refund.