St.
Charles Borromeo Catholic School
St.
Charles Borromeo Catholic School
As a parish Catholic school, our desire is to look 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 co-sourcing through FACTS Management Company to carry out the deferred tuition payment function. Our research indicates significant benefits to school staff and school families, including convenience, flexibility, and secure on-line access to individual account information.
A
Sensible Plan
We
are proud to partner with FACTS, the leading tuition payment plan provider in
the industry. This is not a loan program. You have no debt, there are no
interest or finance charges assessed, and there is no credit check. The cost to
budget your interest-free monthly payment plan is a nominal, annual,
nonrefundable FACTS Enrollment Fee. You may budget your tuition and fees in the
following ways:
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 on
the 5th or 20th of each month.
Credit
Card—If you elect to use this
option, your monthly payment, along with a convenience fee (2.50%), will be
automatically charged each month to your credit card (AMEX, MasterCard, or
Discover are accepted). The convenience fee is in addition to the
nonrefundable FACTS Enrollment Fee. Paying with your credit card gives you
the option of taking advantage of various bonus programs offered by your
credit card company.
v
Monthly payments through FACTS, 10 payments July-April.
These payments will be automatically deducted from checking or savings,
or automatically charged to credit card (with convenience fee) beginning in July
on your choice of the 5th or 20th of the month.
The FACTS annual enrollment fee is $41 per family, and will be deducted
from your account prior to the first tuition payment.
v
Payment
in Full through FACTS through your
credit card, with a 2.5% convenience fee, in July with a $10
FACTS annual enrollment fee.
Convenient Online Enrollment
You can enroll in the FACTS
Payment Plan online by linking from the school’s Web site.
Enrolling online is simple and secure.
Be
sure to have the following information ready:
To protect your privacy, you will be asked to create your own unique FACTS Access Code. Please be sure it is something you can easily remember.
Account information for the person responsible for payment: bank name, telephone number, account number, and the bank routing number. Most of this information is located on your check.
Before you click the Submit button, please carefully read through the Final Review and the Terms and Conditions. Notification confirming your enrollment in a FACTS payment plan through e-Cashier will be sent to you after the school enters the net tuition amount due for the year. Then, the annual enrollment fee will be automatically deducted from your account.
Frequently
Asked Questions
1. When and what time
will the funds 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 is posted to the FACTS system and the School enters the net
tuition amount, you will receive a confirmation notification of your payment
amount by e-mail or letter in approximately 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 to MyFACTS
Account.
4. What is the FACTS
Access Code? To
help protect your privacy, FACTS asks the person responsible for the payments to
create an access code. 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. If you do not create an access code when you enroll, one will be
randomly assigned to you and included in your FACTS Confirmation letter. Please
remember to keep a copy of your confirmation notification.
6. What about enrollment
in the FACTS payment plan in future years? The FACTS payment plan enables the school to automatically reenroll
families in payment plans over successive years, saving time for both the school
office and your family. Should your
tuition payments be made through FACTS the following year, you would be notified
in advance by the school.
7. How will I pay other
expenses at the school?
Consistent with prior years, you will receive a notice from the school
for incidental fees; payment for these will be made directly to the school. Some
established fees might be included into the total tuition amount and processed
with your tuition payment through your FACTS plan.
St. Charles Borromeo Catholic 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 the school office at (405) 789-0224 or FACTS at (800) 624-7092.