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Tuition PaymentLast updated: August 18, 2009
Our Partnership with FACTS As
a forward-thinking Catholic school, we are constantly looking for ways
to concentrate our available human and financial resources on our
primary mission of education. To help us meet this goal we
will
be partnering with FACTS Management Company to help manage our tuition
payments and financial aid.
Our research indicates significant benefits to school staff and school
families, including convenience, flexibility, and secure on-line access
to individual account information.
All Holy Cross
Catholic School
families will receive a tuition billing statement from FACTS soon after registering. You will have the choice to make your tuition payment in full or go online to set up a budgeted tuition payment plan. Go to:
www.factspayment.com.
FACTS is not a loan program, so no debt is incurred and no credit check
is conducted. Everyone is eligible. Complete
information
will be included on the mailed statement you will receive from FACTS.
Payment in full to
FACTS can be made by mailed check, money order or through FACTS secure
online payment portal, www.factspayment.com
. Full payments are due July 1 or as
indicated on your first statement from FACTS.
Online Full payments can be made via:
Automatic Bank Payment (ACH)—ACH
payments are those payments you have authorized FACTS to
process
directly through your financial institution. It is simply a
bank-to-bank transfer of funds that you have pre-approved from either
your checking or savings account.
Credit Card—If you
elect to use this option, your payment, along with a 2.5% convenience
fee, will be automatically charged to your credit card (AMEX,
MasterCard, or Discover are accepted). Paying with your credit card
allows you to take advantage of various bonus programs offered by your
credit card company.
Equal
payments will be automatically deducted from checking or savings, or
automatically charged to credit card (with 2.5% convenience fee added
for credit cards payments only) on your choice of the 5th or 20th of the
month.
Equal payments starting in
July With
FACTS, the school maintains decision-making control. As
always,
we will continue to work with families should special circumstances or
“hardship” cases arise during the school year.
FACTS
online payment portal also provides access to our own eCashier site for
enrolling in FACTS for scheduled tuition payments. Enrolling
online is simple and secure. Go to: www.factspayment.com
Be sure to have the following
information ready:
If
you have questions about enrolling in FACTS please contact Debbie
Glemkowski at the school office. You may also contact FACTS
directly (800) 624-7092 or
view your agreement online through My FACTS Account.
Instructions
to access My FACTS will be included in your statement or payment plan
confirmation notification. FACTS customer service
representatives
are available Frequently Asked Questions
1. When and what time will the
funds for my payment plan be withdrawn from my bank account?
While FACTS transacts each payment on the specified date (5th or 20th),
it is your financial institution that determines the time of day the
payment is debited. FACTS recommends checking with your financial
institution to determine how far in advance funds should be deposited
into your account to ensure the automatic payment clears. If a payment
date falls on a weekend or banking holiday, the payment will be
transacted the following business day.
2. How will I be notified of my
payment information?
Once your agreement forbudgeted tuition payments is posted to the FACTS
system you will receive aconfirmation notification of your payment
amount by e-mail or letter inapproximately 10 days. Payments will be
processed until the total balance is paid in full. The notification has
important information you must have to log on toMyFACTS Account
permitting the responsible party to view their account online..
3. What is the FACTS Access Code?
To help protect your privacy, FACTS will randomly create an access code
for you. If you should inquire online through MyFACTS Account
or
call into FACTS inquiring about your FACTS agreement, you will be
required to verify your FACTS Access Code. Your access code
will
be included on your statement or confirmation notification.
4. What happens if FACTS attempts to process my payment and there are not enough funds in my account? Should an automatic bank payment or credit card payment be returned, a $25.00 FACTS Returned Payment Fee will be automatically assessed to your account for each failed payment attempt. This is in addition to any penalty your bank or the school may assess. You will be notified by FACTS of the returned payment via mail or e-mail. For payment scheduled for the 5th of the month, a reattempt will occur on the 20th; for payment scheduled for the 20th, a reat tempt will occur on the 5th of the following month.
Holy Cross
School
looks forward to our partnership with FACTS and the
efficiency and
technology it brings to our school. Should you have any
questions
regarding this plan, please contact Debbie Glemkowski at 630-593-5290
or FACTS at 800-624-7092.
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| Holy Cross Catholic School • 2300 Main Street • Batavia, IL 60510 • 630.593.5290 | ||||||