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Printer friendly page CES Tuition Payment Plans 2008-2009
At CES, 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. About FACTS 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/ You may budget your tuition and fees in the following ways: 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.
Payment Plan Options for 2008-2009 1. Payment in Full by check or cash directly to CES on or before July 1. Please note that the option to pay by June 1st with a small discount has been eliminated. No fees for FACTS or CES. 2. Payment in Full through FACTS with your credit card, on or before July 1. $10 FACTS annual enrollment fee, 2.5% convenience fee, no CES fee. 3. Two payments through FACTS. Payment options as above for two payments, 60% by July 1st and the remaining 40% in November. $15 FACTS annual enrollment fee per family. Convenience fee if paying with a credit card. The CES processing fee is $30 per student. 4. Ten monthly payments through FACTS. These payments will be automatically deducted from checking or savings, or automatically charged to credit card (with convenience fee) beginning in July on your choice of the 5th or 20th of the month. The FACTS annual enrollment fee is $41 per family. Convenience fee if paying with a credit card. The CES processing fee is $150 per student.
Click here for more information on sign-up and frequently asked questions.
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