Streamline School Payments and Billing and Simplify Reconciliation
Make billing and reconciliation easier for your staff while offering more payment options to families. With FACTS, you can enhance financial forecasting and capture all tuition and incidental bills in a single system.
A CENTRALIZED EXPERIENCE
Manage Tuition, Incidental Billing, and Accounting in One System
Get Insights That Drive School Financial Health
Use analytics and dashboards to monitor tuition and fee collections, outstanding balances, and key metrics. FACTS connects financial data with enrollment and family information, giving you a clearer view of your school’s overall financial picture.
Give Families Flexibility With Payment Plans
Give families the flexibility to pay tuition over time with various payment plan configurations. Flexible payment options can help expand tuition affordability while supporting your school’s financial stability.
Manage All Non-Tuition Payments
From technology to meals, childcare to field trip fees, streamline your incidental expenses and billing to families through a single system.
Give Families a Connected Payment Experience
Integration with FACTS Engagement Intelligence means families can easily pay from your school app or family portal. Plus, with Admission Intelligence families can set up a payment plan during enrollment.
Make FACTS Your General Ledger
FACTS’ accounting functionality links general ledger entries to your bank accounts, institution accounts (charges), and adjustment reasons (credits) and houses all tuition and fee activity.
Simplify Audit Preparation
All charges, credits, and payments are housed in FACTS, producing accurate reporting and making audit preparation efficient.
PCI Level 1 Compliant and SSAE 18 Audited
At FACTS, we are committed to stringent security measures, and compliance standards, so you can trust that your school’s and families’ financial and personal data is secure.
Build Customizable Payment Forms
Collect, monitor, and track online school payments that fall outside of tuition and fees with a user-friendly form builder.
Find Out Why Thousands of K-12 Educators Rely on FACTS Technology
FACTS has decades of experience in the education industry. We help schools thrive with a dedication to innovative thinking and unparalleled service.
2K+ Schools
Use FACTS for their accounting needs.
19K+ Payment Forms
Used by schools for secure payment collection.
7 Min Avg. Time
For families to enroll in a tuition payment plan.
PAYMENT PLANS
Increase Affordability and School Sustainability
Managing tuition payments can take up a lot of your school’s resources. FACTS saves time for your staff with efficient payment management and comprehensive dashboards.
- Real-time dashboards and reports project accurate cash flow
- Multiple customizable payment options for families
- Auto-apply financial aid to tuition balances
Real-Time Dashboards Project Accurate Cash Flow
Pull financial metrics from FACTS IQ without interrupting your tuition management workflows. Customizable, visual dashboards make it easy to project accurate cash flow for improved financial planning.
Multiple Payment Options for Families
Families can opt to spread out their tuition payments over time, making high-quality education more accessible. FACTS supports payments via ACH direct deposit, checks, and debit/credit cards.
Auto-Apply Financial Aid to Tuition Contracts
Integration with FACTS’ financial aid solution reduces administrative effort. Financial aid awards are automatically applied to tuition payment plans.
Ready to Modernize Your Payments, Billing, and Accounting?
Give families more accessible options to tailor tuition and incidental payments to their needs and create efficiencies with connected payment, billing, and accounting tools. Reach out to our team to learn how FACTS can support your school’s financial needs.
INCIDENTAL BILLINGS & PREPAY ACCOUNTS
Eliminate Complexity for Payments Beyond Tuition
Make payment processing more efficient. With FACTS, families can easily pay or prepay for incidentals like extracurriculars, lunches, and field trips.
- Accept ACH or debit/credit for payment or prepayment
- Set customizable due dates
- Send families automated payment reminders
HEAR FROM OTHER SCHOOLS
Real Stories of Impact
"Now that everything is automated and integrated, we have clear access to each account. Our staff can manage payment plans more efficiently."
“When working with students, we emphasize time management, yet our old processes were extremely time-consuming. We spent hours updating spreadsheets, tracking payments, and keeping everything organized. Now that everything is automated and integrated, we have clear access to each account. Our staff can manage payment plans more efficiently, resulting in major improvements in both accuracy and customer service.”
Zach Seifert
Associate Head of School Vanguard College Preparatory School
RELATED FEATURES
Explore the Connected FACTS Intelligence Ecosystem
See How FACTS Can Transform Your Workflows
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Join the Thousands of Educators Who Rely On FACTS
- A single system of record
- Increased enrollment yield
- Smarter financial management
- Stronger family connections
- Better student outcomes
