Along with the enrollment fee, a down payment amount will also be deducted from the bank or credit card account that was provided during enrollment. The down payment will be processed immediately upon establishing the plan. The down payment will be between 10 and 50 % of the tuition balance. If the down payment is not processed successfully as a result of Non-Sufficient Funds (NSF) or incorrect account information, the plan will be terminated immediately and you will owe the full tuition balance to Valencia .
Tuition Installment Plan (TIP) charges will be processed on the 20th of each month. You do not have to make any payments to Valencia College or Nelnet Business Solutions. The payments will be deducted from the bank/credit card account automatically. If the payment is returned as a result of Non-Sufficient Funds, Nelnet Business Solutions may re-attempt to collect the payment on the 5th of the following month. Nelnet Business Solutions may re-attempt to collect payment up to 3 times. It is important that you contact the company immediately to determine the status of the TIP account in the event you default on a payment. There is a $30 fee for each missed payment. In general, your TIP account should remain current at all times. Nelnet Business Solutions has the rights to terminate your TIP account at anytime for missed payments. Access your Tuition Installment Plan.
TIP Payment Default
Make sure your TIP account with Nelnet Business Solutions is current at all times. Nelnet has the right to terminate your agreement at anytime due to missed payments. You will then be obligated to make full payment directly to Valencia College with no other payment deferment options.
A financial hold will be placed on your Valencia's account once you have defaulted on your TIP agreement.
Beginning August 2011, anyone completing a TIP agreement (for a future term) will be required to bring oustanding return fees current before a new agreement can be established.