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Serving St. Thomas More School For the 2012-2013 school year and beyond.

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Presentation on theme: "Serving St. Thomas More School For the 2012-2013 school year and beyond."— Presentation transcript:

1 Serving St. Thomas More School For the school year and beyond

2 FACTS is not: A bank A collection agency FACTS: Is Committed to Enhancing a Schools Financial Stability Offers Convenient, Flexible Payment Options for Families Provides Online, Real Time Information Management and Tracking Reports for Schools and Families Helps Control Future Tuition Increases Is the nations largest provider of tuition management services for faith-based and private schools. This year, we celebrate 25 years of serving over 5000 schools and more than a million families.

3 Online, real-time information through a secure, password protected Web site: view payments made, future scheduled payments and adjustments. Pay ahead & apply payments Catch up a missed payment Switch between multiple banking accounts Payments broken down by line item Manage your account Advantages of FACTS for Families

4 How FACTS works: Current families enrolled in FACTS and returning for the subsequent school year need not re-register on the FACTS tuition Managment Program. New families may choose one of the following options. Prepay entire tuition bill with a 3% discount through a single banking or credit card payment by June 20, Registration using FACTS tuition management program is required for this option; banking or credit card information will be requested. Prepay entire tuition bill with a 3% discount by remitting a check to FACTS Tuition Management Company by June 20, No exceptions to this date will be made. Registration using FACTS tuition management program is required for this option; only family demographic information will be requested. Automatic Electronic debit via FACTS Tuition Management Program on the 20 th of each month July 2012 through May Registration on FACTS tuition management is required for this option; banking and/or credit card information will be requested.

5 Payment Options: If you are an STM school family currently registered on the FACTS Tuition Management Program you DO NOT need to re register for a subsequent year. All new Families: Prepay entire tuition bill with a 3% discount through a single banking or credit card payment by June 20, Registration using FACTS tuition management program is required for this option; banking or credit card information will be requested. Prepay entire tuition bill with a 3% discount by remitting a check to FACTS Tuition Management Company by June 20, No exceptions to this date will be made. Registration using FACTS tuition management program is required for this option; only family demographic information will be requested. Automatic Electronic debit via FACTS Tuition Management Program on the 20 th of each month July 2012 through May Registration on FACTS tuition management is required for this option; banking and/or credit card information will be requested..

6 What happens if an automatic payment (direct debit) is missed (NSF)? 1.Notification is sent to the parent 2.The school is notified 3.A reattempt will be made 15 days later, giving you time to replenish your account. 4.A $30 insufficient funds (NSF) fee will be assessed by FACTS 5 days later 5.Your bank may also assess a fee. 6.Pay in full families will be assessed a $ late fee if payment is not received by June 20, 2012.

7 What if theres a family hardship? Contact the school office immediately FACTS can modify automatic payments two (2) days in advance of payment due date –Thats why we send you an notice four (4) days in advance of your payment. FACTS does not change terms of the payment agreement without school/parish authorization.

8 How to Enroll in FACTS if you are a new STM family Links are on Family sets up account with FACTS Select payment plan and payment method Family receives confirmation

9 Questions? Beth Rega, our school secretary (412) #6 Thank You!


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