Tuition Management

FACTS Tuition Management

Tuition payments are at the heart of your school’s operation. Yet it’s all too easy for tuition management to become someone’s full-time job, especially when 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.

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Take an in-depth look at how FACTS secures and simplifies payments for your school with our tuition management service. Learn more about payment options for families, dashboard reporting, and securing family data.

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Benefits of Tuition Management

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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.
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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.

Testimonials