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.
|Two (2) payments
||Pay 60% of tuition by June 1. Pay 40% of tuition by January 1.
|Monthly (10) payments
||An interest free 10-month payment plan starting in May and ending in February.
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
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payment information to the Federal Reserve one-business day before the payment date in order to ensure the payment is withdrawn on the date disclosed.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.