Tuition Payment Plans 2012-2013
At Christ Episcopal School, we are constantly looking for ways to concentrate our available human and financial resources on our primary mission of education. To meet this goal, we have partnered with FACTS Management Company to carry out the deferred tuition payment function. This partnership provides convenience, flexibility, and secure on-line access to individual account information for school families.
FACTS is the tuition management service most widely used by private and faith-based schools nationwide. 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 participate is a nominal, annual, nonrefundable FACTS Enrollment Fee per family which will be deducted from your account prior to the first tuition payment. In addition, a processing fee per student will be charged by Christ Episcopal School for the 2 payment and 10 payment plans. The total fee for using FACTS is substantially less than the tuition loan plan we have used in the past, even if you elect to pay by credit card. For more detailed information about FACTS, click here , or go to their web site http://www.factsmgt.com/
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 of 2.5% ($2.50 for every $100 of tuition charged), will be automatically charged to your credit card on the 5th or 20th of each month. Please note that AMEX, MasterCard, or Discover are accepted, VISA is not. The convenience fee is in addition to the nonrefundable FACTS Enrollment Fee and school processing fee. Paying with your credit card gives you the option of taking advantage of various bonus programs offered by your credit card company.