This convenient, interest-free payment plan is made available to MCC students through Nelnet Business Solutions.  The payment plan can be used to pay tuition and fees.
Payment Methods
  • Automatic bank payments (ACH)
  • Credit Card/Debit Card
Cost to Participate
  • $25 enrollment fee per semester
  • $2 enrollment fee for an immediate full payment
  • $30 returned payment fee if a payment is returned for non-sufficient funds
  • If a credit/debit card is used, a convenience fee, in addition to the enrollment fee will be assessed.
Frequently Asked Questions
1. When should I set up the payment plan?
 As soon as you register.  The earlier you set it up, the smaller the down payment and the more months you have to make the payments.  You must comply with the college due dates for tuition payments in order to remain registered for the semester.
 
2.  How do I set up a payment plan?  
Payment plans must be set up through a student's my.montcalm.edu account.  After logging in, the payment plan link is found by choosing the Finances tab, then the "Setup/Manage Nelnet Payment Plan" in the green box on the left side of the page.
Select "2019-2020 Fall" from the drop down menu.
Choose "Pay Using Nelnet" and provide information requested.
Note: Be sure to print a confirmation before exiting Nelnet.
 
3. What do I do if my amount due changes as a result of a registration change after I have set up my payment plan?   
Your Nelnet account will automatically adjust to cover your new MCC student account balance,but the adjustments are not immediate. (Updates must be completed in your MCC student account before your Nelnet plan will be updated.)
 
4. What if I need to change my debit/credit card or bank account information?     
Log into your my.montcalm.edu account.
Choose the "Finances" tab.
Choose "Setup/Manage Nelnet Payment Plan" in the green box at the left.
Choose the "Actions" drop down menu.
Choose "Change Financial Account."
 
5. What if I drop all my classes after I have set up a payment plan?
Your Nelnet account will automatically be adjusted and terminate. Refunds for each semester are processed approximately 1 week after the end of the drop/add period. 
 
6. How do I get a refund of my down payment if financial aid has been applied to my student account? 
Your Nelnet plan will automatically be adjusted, and your plan will terminate if your MCC student account balance is zero or below.  Any over payments to student accounts as a result of Nelnet payments and estimated financial aid are processed once the Federal and/or State Financial Aid funds are received from the Federal and/or State Government.
2019-2020 Nelnet Schedule





Fall 2019 Semester
Nelnet opens on July 1, 2019
Last day Required Number  Months 
to  Down of of 
submit online Payment Payments Payments
Jul 14 0% 4 Aug - Nov
  Jul 31
20% 3 Sep - Nov
Aug 19
30% 2 Oct & Nov
  Aug 30
50% 2
Oct & Nov
       
       




       
Spring 2020 Semester
 Nelnet opens on November 5, 2019
Last day Required Number  Months 
to  Down of of 
submit online Payment Payments Payments
Nov 20
0% 5 Dec - Apr
Dec 18
20% 4 Jan - Apr
Jan 11
30% 3 Feb - Apr
Jan 17
50% 2 Mar & Apr
       








       
Summer 2020
Nelnet opens on March 23, 2020
Last day Required Number  Months 
to  Down of of 
submit online Payment Payments Payments
Apr 8
20% 3 May - Jul
May 13
30% 2 Jun & Jul
Jun 5
50% 1 Jul only
Sign in to my.montcalm.edu
Click on the 'Finances' tab
Choose "Get my 1098T tax statement" on the left side green box
Choose the year that you are looking for
  What is the 1098-T form?

The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. Eligible educational institutions are required to submit the student's name, address, and taxpayer’s identification number (TIN), enrollment and academic status. Beginning with 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, taxable or not. A 1098-T form must also be provided to each applicable student. This form is informational only. It serves to alert students that they may be eligible for federal income tax education credits. It should not be considered as tax opinion or advice. While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all of the information needed to claim a tax credit. There is no IRS requirement that you must claim the tuition and fees deduction or an education credit. Claiming education tax benefits is a voluntary decision for those who may qualify.

Why did I receive a 1098-T and what am I supposed to do with it?

In January of each year, Montcalm Community College makes available online and/or mails an IRS Form 1098-T to all students who had qualified tuition and other related educational expenses billed to them during the previous calendar year. This form is informational only and should not be considered as tax opinion or advice. It serves to alert students that they may be eligible for federal income tax education credits. Receipt of Form 1098-T does not indicate eligibility for the tax credit. To determine the amount of qualified tuition and fees paid, and the amount of scholarships and grants received, a taxpayer should use their own financial records.

NOTE: It is up to each taxpayer to determine eligibility for the credits and how to calculate them.

Did you send a copy of this form to the IRS?

Yes. Section 6050S of the Internal Revenue Code, as enacted by the Taxpayer Relief Act of 1997, requires institutions to file information returns to assist taxpayers and the Internal Revenue Service in determining eligibility for the Hope and Lifetime Learning education tax credits. Forms are mailed at the end of January of each year for the previous tax year.

 What educational expenses are considered as qualified tuition and related expenses?

 Included:                                                            Not Included:
-Tuition                                                                 - Insurance
-College Services Fee                                           -Testing fees
-Contact Fee                                                          -MCC Bookstore charges
-Material Fees
                                                                          

 

 

You may be able to claim a tax credit against your Federal income tax for qualified tuition and related expenses.
 
American Opportunity Credit
The American Opportunity Credit is a tax credit for qualified education expenses paid for an eligible student, of up to $2,500 per eligible student.  The student may be yourself, your spouse, or your dependent(s).  If you take this credit, you may not also claim the Lifetime Learning credit, below.
 
Lifetime Learning Credit
The LIfetime Learning Credit is a tax credit for any person who takes college classes.  It provides a tax credit of up to $2,000 on the first $10,000 of college tuition and fees.  You can claim the Lifetime Learning credit on your tax return if you, your spouse, or your dependent is enrolled at an eligible eduational institution and you were responsible for paying college expenses.  You need not be enrolled at least half-time.  Even if you took only one class, you may take advantage of the Lifetime Learning Credit.
 
For more up to date information on Education Tax Credits, please go to www.irs.gov