Nelnet Business Solutions

Increasing the value proposition of higher education is a must for institutional success

Focus on the future by creating positive student perceptions, using technology and budget dollars wisely, and addressing the impact of rising tuition costs

What are the main concerns students and the community have concerning the affordability of higher education?
There are two major concerns that seem to be the most popular worries of students and the general public.

Meeting the New PCI Standards in Higher Ed

Keys to meeting the new level of standards for campus data security

The Payment Card Industry Data Security Standard (PCI DSS) was developed to encourage and enhance cardholder data security and to facilitate the broad adoption of consistent data security measures globally. The PCI DSS has just been updated to version 3.0, effective January 1, 2014. Some of the changes have far-reaching impacts, and the new version also includes many clarifications, real-life examples and flexibility built-in to enable college and university departments to meet the intent of the requirements.

Impacting Affordability and Access: A Plan for Your Business Office

Payment plans can help increase retention and reduce bad debt by giving students convenient payment options

Business office leaders need to balance affordability and access with protecting their institution from bad debt. Reducing student accounts receivable is possible, even when increased enrollment and graduation rates are a priority. This web seminar, originally broadcast on November 14, 2014, featured Loretta Chrzan-Williams, director of student accounts at SUNY Monroe Community College (Rochester, N.Y.), who discussed how her institution decreased bad debt and improved student GPAs through implementing a simple four-step plan.

The Changing Landscape of Student Refunds

New, easily accessible tuition refund options reduce fees for students

Along with minimal fees, students want a variety of options for receiving refunds from their higher ed institution. More stringent regulations and public scrutiny are also prompting institution leaders to look at the adequacy of their refund options. This web seminar, originally broadcast on October 10, 2013, addressed the long term trends that are changing the landscape of student refunds, and presenters discussed a new refund disbursement method available from Nelnet Business Solutions that benefits both students and institutions.

Meeting the Financial Literacy Imperative

Helping students understand their debt and teaching money management skills should be a priority for higher ed institutions

As the average student loan debt rises, financial literacy is essential for graduates to successfully manage their post-college lives. Some institutions are going beyond just educating students about tuition payment plans and federal financial aid options. Others, like Creighton University (Neb.) are offering full financial literacy programs to educate students on money management during the college years, and more importantly, beyond.

Tuition policies that address affordability and retention

By offering actively managed tuition payment plans, Nelnet Business Solutions helps colleges stabilize enrollment, increase collections and improve customer service.

The issues of affordability and retention challenge colleges to develop sustainable tuition policies that address the current economic climate yet educate students on the importance of paying their tuition bills on a timely basis. This web seminar, originally broadcast on October 16, 2012, discussed how Nelnet’s solutions, combined with tighter school fiscal policy, can help students meet their tuition obligations even if they do not receive all the financial aid they anticipated.

Modernize and automate your system for in-person payments

University of Illinois implements self-service cashiering at department level with Nelnet.

Every college strives to maximize electronic payments, but there will always be a need for departments to take in-person payments via check, cash, credit and debit card. Schools that handle these payments and the resulting departmental deposits the way they did 10 years ago, with paper forms and manual data entry, may be missing opportunities for efficiencies and savings. This web seminar, originally presented on April 26, 2012, looked at the benefits realized by the University of Illinois after implementation of the Nelnet cashiering solution.