NWTC Payment Plan FAQs 

1. Does the College have access to my account?

No one other than you or your financial institution has any access to your account. When you arrange to have an automatic payment through the NWTC Payment Plan, you have authorized payments to be made on specific dates.

 

2. When will payments begin?

After your signed payment plan agreement, an e-mail will be sent confirming the monthly payment amount and when payment begins. ACH Draws will be processed on the 10th day of each month from the date you sign up for the plan and continue until the end of the term term with your last draw being on the 10th of the last month in the term.  If you sign up after the 10th of the month, the initial draw will be the following month on the 10th.  If you sign up before the 10th of the month, you may have your initial draw the same month.  The email confirmation that is sent to you will let you know when the first draw is due. Please keep in mind that once your account becomes 15 days past due, you are no longer eligible to sign up for this payment plan.   

3. Will my payments change?

Changes to your enrollment, student account balance, or financial aid disbursement may increase or decrease your monthly payments.

 

4. What if I miss a payment?

If you miss a payment, you will receive a letter or e-mail from NWTC with instructions on how the missed payment will be handled. You will also be assessed a $25.00 fee for each missed payment. Two missed payments will result in cancellation of your payment plan.

 

5. Can I make changes to my payment plan?

Yes, some changes are possible. You can change the amount of your payment by making additional payments or enrollment changes. However, the dates of your payments cannot be changed. If you are having trouble with a particular date, your options are to let it come up NSF (non-sufficient funds) or have yourself removed from the payment plan. To prevent the automatic bank draw, you must remove yourself from the payment plan in writing at least ten days prior to the payment due date and pay a $25.00 default fee.