I have set up a payment plan and have monthly payments coming out of my checking account. But I don’t have enough money in the account to cover this month’s payment. What will happen?
If your payment will not go through, Nelnet will charge you a $30 fee for payments returned to them. Nelnet will present the tuition payment request to your bank two more times for payment. Your bank may charge you additional fees for each time it returns your check for insufficient funds. Check with your bank regarding their specific fees and policies.
