FACTS Tuition Management
Tuition payments are at the heart of your school’s operation. It’s all too easy for tuition management to become someone’s full-time job, however, if you’re not using a flexible, centralized system for your families’ payments.
FACTS Tuition Management expands the payment opportunities for your families and simplifies payment tracking and management for you. It’s a flexible tuition and billing tool to help you manage finances and project cash flow. In a single package, it offers sustainability for schools and affordability for families. It also helps schools improve communication with families, enhances fiscal forecasting, streamlines admissions and enrollment processes, and provides a single system to capture tuition and fees.
Webinar Sign Up
Take an in-depth look at how FACTS secures and simplifies payments for your school with our tuition management service. Learn more in our webinar about payment options for families, dashboard reporting, and securing family data.
Benefits of Tuition Management
Benefits for Administrators
- Monitor financial metrics at a glance. The FACTS dashboard shows the most important factors of financial health.
- Customizable reporting views. Plus, you can schedule daily, weekly, or monthly report notifications.
- Tuition and fee payments remit on your preferred dates. Remittance reports are provided in summarized and detailed formats.
- Customizable site design. Makes it easy to brand the parent portal to look like your school site.
- Allows for custom line item subaccounts.
- No excessive fees to schools or families. Unpaid fees are not withheld from the school’s remittance.
- Delinquency prevention included at no extra cost.
- Apply financial aid awards from FACTS Grant & Aid directly into tuition payment plans.
- ACH payments can be entered for parents who need to pay over the phone.
- Marketing kit helps inform families about payment plans.
- Option to allow family-driven changes to payment dates or amounts. You set the rules, but it allows flexibility for parents — so you have fewer direct communications with families about payments.
- Highest data security standards in the industry. FACTS offers the only tuition management solution that is PCI Level 1 compliant, SSAE 18 Audited and Red Flags Ready.
- Dedicated implementation team for setup and training.
- Dedicated account management team for your administrative team.
- Customer service associates available for questions from your families.
Benefits for Families
- Allows families the option of making smaller payments over a longer period of time instead of a single tuition payment.
- Online registration for payment plans is simple.
- Payment methods include ACH, checks and debit/credit cards. Families can also pay online, over the phone, by mail, or with auto-debit.
- Manage account from any device.
- Payment reminders available.
- Customer service with live agents or web chat.
- All data protected by industry-leading security standards.