Tuition Payment Plans

Payment of annual tuition is made in one, two, or ten installments. Below are all payment plan options.  

Payment Plan Option	Payment Plan Schedule	FACTS Annual Fee
One (1) payment	Pay tuition in FULL by June 1.	$25
Two (2) payments	Pay 60% of tuition by June 1. Pay 40% of tuition by January 1.	$25
Monthly (10) payments	An interest free 10-month payment plan starting in May and ending in February.	$55

Students are registered for the entire school year. No deduction is made for absence or withdrawal.

Tuition Refund Plan

Parents are also encouraged to participate in the A.W.G. Dewar Tuition Refund Plan. For more information, please refer to the 2023-2024 A.W.G. Dewar Tuition Refund Plan Brochure.

FACTS Tuition Account FAQs

Account Payments

When are funds withheld from my account?

The payment date is the date your bank will withdraw the funds from your account. FACTS must submit the payment information to the Federal Reserve one-business day before the payment date in order to ensure the payment is withdrawn on the date disclosed.

Why does my bank account show the payment withheld sooner than the date you display?

Depending on your bank’s policies, the payment may show as a pending payment on your account before the payment date. This may impact your available balance and limit the funds you are able to withdraw. Please refer to your bank’s specific policies on what events impact your available balance.

What happens when my payment falls on a weekend or a holiday?

Your payment will be processed on the next business day. How can I change my financial account information used for payments? Bank account or credit card changes can be made online at online.factsmgt.com if you are the plan owner. After logging in, choose the Financial Accounts option at the top and choose Change Account under the payment plan or incidentals account you want to update. You will need to change your financial account at least three (4) business days before the payment date.

How do I make changes once my agreement is on the FACTS system?

Changes to your address, phone number or email address can be made at online.factsmgt.com or by contacting your school or FACTS. Changes to your banking information can be made by logging into your WoodsNet parent portal account for single sign-on access to your FACTS account. After logging in, click the Billing icon and then select Financial from the menu. You may also contact FACTS to change your banking information.

Can I change my payment date?

Your institution is relying on your payment to be made as scheduled. Any changes to payment dates or amounts need to be approved and changed by the school. All changes must be received by the school at least four business days prior to the automatic payment date in order to affect the upcoming payment.

What if I have a question about my agreement or want to print my payment history?

You may check balances, tuition and fees paid, print reports, and view scheduled payments by logging in to your account at online.factsmgt.com, or you may call us toll-free at 866-441-4637 for assistance.

Is my information secure?

Bank account or credit card changes can be made online at online.factsmgt.com if you are the plan owner. After logging in, choose the Financial Accounts option at the top and choose Change Account under the payment plan or incidentals account you want to update.

Is there a service fee for using credit cards?

Yes. FACTS charges a processing fee of 2.95% when payments are made with credit cards. When you elect to use a credit card or debit card, you will see an option to pay by card when enrolling in a payment plan, making a payment, or editing your banking information online. The service fee charge is disclosed on your screen at that time.

Returned Payment Fees

What is a returned payment fee?

A returned payment fee is incurred by a consumer when a payment fails due to insufficient funds in a consumer’s bank account or when a credit card is used for a scheduled payment and the credit card is either invalid or the credit limit is exceeded.

What is FACTS’ policy for insufficient funds?

As described in your payment plan terms and conditions, if a payment is returned FACTS will assess and automatically process a $30.00 returned payment fee.

Will I know if a returned payment fee is going to be charged to my account?

Yes, if you have a payment that fails, you will be notified of the failure. The notice will tell you the date on which a $30.00 returned payment fee will be processed and the date on which the failed payment will be rescheduled (unless you take some action in the meantime to make the payment). If the $30.00 returned payment fee fails, it will be reprocessed immediately. If we detect a pattern of failed returned payment fees we may prohibit you from enrolling in payment plans administered by us in future years until the fees are paid.

Can I make up a failed payment before the rescheduled payment date?

Yes. You are always able to bring your account current by making a payment online or over the phone. Institution policy will determine if you are also able to pay in person, spread the failed payment across your remaining payments, or reschedule the failed payment for the end of your payment plan.

In support of the school’s mission and philosophy, The Woods Academy demonstrates the school’s commitment to attract and retain students who will benefit from the educational experiences and enhance the school community by allocating tuition assistance funds during the budget process. In addition to these budgeted amounts, Sharing In Growth, Paul Werres, and the Founders’ Funds are financial aid funds that have been established for Woods families in need of tuition assistance. The support for these financial aid programs come from a variety of sources, including (1) initial contributions by a group of generous donors; (2) additional voluntary contributions from members of the Woods community; (3) a portion of the annual auction proceeds; and (4) profits from the annual Woods Academy Golf Tournament.

The decision to apply for financial aid has no bearing on the admissions process. Applications for tuition assistance will be considered annually for students entering 3^rd Year Montessori - Kindergarten through eighth grade. Students applying for the Montessori 3-year old or 4-year old programs are not eligible for financial aid. Please refer to the information below to guide you through the financial aid process.

Apply for Financial Aid On Time!

This is the most important thing you can do to increase your chances of receiving an aid award. If you are a new family and you think there is a chance your family will choose The Woods Academy, apply for financial aid at the same time you apply for admission. DO NOT wait until your child is admitted to apply for financial aid. Often financial aid funds are spoken for by the time acceptance letters are issued.

All applications for tuition assistance must be completed by January 31.

Tax return information must be submitted by February 15.

Unfortunately, there is always a greater demand for aid than there are resources so it is important to submit the information required by the deadlines given.

The Woods Academy has partnered with FACTS Grant & Aid Assessment (FGAA) for our financial aid application process and assessment. FGAA has a great reputation for helping families throughout the aid process and application submission. Please complete the following steps to successfully apply for financial aid. Please note both parents must complete the steps if they are from different households. Unfortunately, there is always a greater demand for aid than there are resources so it is important to submit the information required by the deadlines given.

1. Families must first complete and submit the FGAA online aid application.

2. Once the online application has been completed and submitted, the following information will need to be sent to FACTS to complete the application process.

• Copies of your 2022 Federal tax forms including all supporting tax schedules. If 2022 tax forms cannot be submitted by the deadline of February 15, 2023, the following must be submitted in order for your application to be reviewed in a timely manner:
  • Copies of your most recently filed Federal tax forms.
  • Copies of your 2022 W-2 forms for both you and your spouse.
  • Notification for awards will be made in early March, however, awards will not be finalized until your 2022 Federal tax forms are submitted.
• Copies of supporting documentation for Social Security Income, Welfare, Child Support, Food Stamps, Workers’ Compensation, and TANF.

All supporting documentation may be:

• Uploaded in pdf format online,
• Faxed to 866-315-9264, or
• Mailed to: FACTS Grant & Aid Assessment, P.O. Box 82524, Lincoln, NE 68501-2524

Please be sure to include the applicant ID on all faxed or mailed correspondence.

For more details and information about the FGAA application process, please review the FGAA Flyer.

If you have questions or concerns about the application process, you may speak with a FACTS Customer Care Representative at 866-441-4637.

Aid award recommendations are calculated by a FACTS formula and reported to the Director of Finance for review and consideration by the Financial Aid Committee.

The Kathleen Piwko Merit Scholarship Awards are offered to new applicants to The Woods Academy Upper School, Grades 5-8. Visit the Scholarships page for more information and to learn how to apply.