The South Dakota Board of Regents and Nelnet Business Solutions partnering to help students budget for education.

• Frequently Asked Questions

Overview

To help you meet your educational expenses, The South Dakota Board of Regents is pleased to offer Nelnet Business Solutions (formerly knows as FACTS Management Co.) as a convenient budget plan. It is not a loan; therefore you have no debt, there are no interest or finance charges assessed and there is no credit check.  The cost to budget monthly payments is a $40.00 per semester nonrefundable Nelnet Business Solutions (NBS) Enrollment Fee.

The 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 American Express, Discover Card, MasterCard, or Visa may be used and a 2.75% convenience fee will be charged. Please note: Check, Debit, and ATM Cards may be returned unpaid due to daily limits restrictions imposed by your bank.

Your payment plan amount is calculated on your current account balance, which is your total term tuition and fee balance less any accepted financial aid, which will be applied directly to your account. Your monthly payment amount will be adjusted for changes on your account due to class changes (adds/drops), financial aid changes, or any changes to your student account balance. This adjustment will be made after the add/drop period and prior to your final two payments. You will be notified by e-mail of the change.

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 from NBS on how the returned payment will be handled.  Your NBS agreement will be processed until the balance owed is paid in full.

For each returned payment, NBS assesses a $25.00 NBS Returned Payment Fee. NBS Returned Payment Fees are automatically deducted from the account you have provided. If your NBS Returned Payment Fee is returned, it will be reattempted.

NBS Returned Payment Fees are payable to NBS.

To view your Tuition Payment Agreement online please go to www.factstuition.com, and select MyFACTS Account. You will need to create a user ID and password to view your information.  Instructions to create an account at MyFACTS Account are provided in the Confirmation Notification which is sent once your agreement is processed. If you have misplaced yours, please contact NBS at 800.609.8056 or email account@factsmgt.com.

If you need to change your account information, address, or phone number on your tuition payment agreement, or have any questions regarding your payment plan, please contact NBS at 800.609.8056.

Completing the Nelnet Business Solutions Agreement for Students

• You will need your WebAdvisor login and password. Once logged into WebAdvisor, select SDePay from the Financial Profile menu and then select ‘make a payment' and click on the e-Cashier logo in SDePay.  Follow the on-screen instructions to verify your payment amount and to proceed to the e-Cashier site to complete your payment agreement.
• WebAdvisor Campus Links

Completing the Nelnet Business Solutions Agreement for Students

To become an Authorized Payer requires the student create a login name and password within SDePay to grant access for the user. Once this is created the Authorized Payer can access the Authorized Payer site.

The Authorized Payer will then select the e-Cashier logo once they have logged into SDePay.

When you apply online be sure to have the following information

• The name and address of the person responsible for making the payments.
• Account Information for the responsible person.
  1. If paying by automatic bank payments you will need the financial institution's name, telephone number, account number, and the financial institution's routing number. Most of this information is located on your check.
  2. If paying by credit card, you will need the credit card number and expiration date.

** PLEASE NOTE:  Checking and Saving Accounts must be drawn from a domestic U.S. banking institution.**