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Nelnet Business Solutions Automatic Tuition Payment Plan formerly FACTS Management Co.

Nelnet Business Solutions financial services include low cost, automated payment plans for families and students as well as state of the art information management technology.  Mount Olive College uses the Nelnet payment plan to provide students opportunities to make monthly payments without interest.  Enrolling online is simple, secure, and easy. 

The cost to budget your interest-free monthly payment plan is a $25 per semester or $45 annual nonrefundable Nelnet Business Solutions Enrollment Fee.  You may budget your tuition and fees in the following ways:

A.  Automatic Bank Payment (ACH) from your checking or savings account.

B.  Credit Card Option from your credit card, along with a convenience fee.  The convenience fee is in addition to the nonrefundable Nelnet Enrollment Fee.

When enrolling online for the Nelnet Business Solutions Monthly Payment Plan remember to select the semester for which you are enrolling. 

  • Annual 2008-2009 Traditional ($45 nonrefundable Enrollment Fee, Apply by July 28th for 10 payments Aug-May or August 30th for 9 payments Sept-May on the 5th of the month)

  • Fall 2008 Traditional   ($25 nonrefundable Enrollment Fee, Apply by July 28th for 5 payments Aug-Dec or August 30th for 4 payments Sept-Dec on the 5th of the month)
  • Spring 2009 Traditional   ($25 nonrefundable Enrollment Fee, Apply by December 29th for 5 payments Jan-May or January 31st for 4 payments Feb-May on the 5th of the month)
  • Heritage Program   ($25 nonrefundable Enrollment Fee each semester with a 6 month payment option on the 20th of the month)  You will need to complete a new agreement for each semester in order to pay the new amount due.
  • Modular Programs Non-Traditional   ($45 nonrefundable Enrollment Fee with a 12 month payment option on the 20th of the month for the Criminal Justice & Criminology/Early Childhood Development/Health Care Management/Management of Information Systems/Management and Organizational Development/Modular Religion Programs)

1098-T Tax Form

The 1098-T is an informational form letting you know about the reporting that has been sent by Mount Olive College to the IRS each January for the prior calendar year.  Mount Olive College reports total amounts billed for qualified tuition and related expenses less any related reductions in charges, total of all scholarships or grants administered and processed, but not cash payments for each calendar year which meet IRS reporting requirements.

The www.1098-T.com site provides useful information on the taxpayer relief Act of 1997, which provides education tax incentives for eligible taxpayers.  These benefits, called the Hope Scholarship Credit and Lifetime Learning Credit, allow taxpayers to reduce their federal income tax based upon qualified tuition and fees paid, assuming the taxpayer meets all Taxpayer Relief Act of 1997 requirements.

Also, you may view and print your 1098-T Form for a specific calendar year by following these steps:

  1. www.1098-t.com
  2. Click in the upper left hand corner "Access My Record"
  3. Enter your Social Security Number, Last Name, and a 4 digit Pin Number (You will create the Pin Number - keep for future reference)
  4. Click "Login"
  5. Click in the upper left hand corner "View My 1098T Tax Form"
  6. Print