FACTS Grant Aid & Payment Plans

GRANT & FINANCIAL AID APPLICATION

FACTS makes quality education affordable for families by assisting schools in awarding financial aid in an equitable way. After completing the online application, you will need to upload all required supporting documentation. If you are unable to upload, fax the required documents to 866.315.9264.

The following supporting documents are required to complete the application process:

• IRS Federal Income Tax Return, including all supporting schedules (the year of the tax return depends on the tax requirements of your school). If applicant and co-applicant file separately, we require both tax returns for the same tax year.

• Copies of all the current year W-2 Wage and Tax Statements for both the applicant and co-applicant.
  NOTE: If you are applying before you have received all the current year W-2 Wage and Tax Statements, please submit them as soon as they become available.

• Copies of all supporting tax documents if you have business income/loss from any of the following: Business - send Schedule C or C-EZ and Form 4562 Depreciation and Amortization
  Farm - send Schedule F and Form 4562 Depreciation and Amortization
  Rental Property - send Schedule E (page 1)

  S-Corporation - send Schedule E (page 2), Form 1120S (5 pages), Schedule K-1 and Form 8825 Partnership - send Schedule E (page 2), Form 1065 (5 pages), Schedule K-1 and Form 8825 Estates and Trusts - send Schedule E (page 2), Form 1041 and Schedule K-1

  IMPORTANT: If you file a tax return but do not have W-2 wages because you are self-employed, you will be required to submit a copy of your current year Federal Form 1040 Tax Return.

• Copies of all supporting documentation for household Non-Taxable Income such as:
  Social Security Income, Welfare, Child Support, Food Stamps, Workers’ Compensation, and Temporary Assistance for Needy Families (TANF). If you do not file a tax return, you are required to provide documentation of all income received.

All documentation received is imaged upon receipt and then destroyed.

You may log in to your FACTS user account to review the status of your application. Please allow 2 weeks processing time before inquiring further about receipt and/or status of the uploaded or faxed documents. Application deadlines are set by the institution awarding the aid. If you are applying after the deadline, contact your school to ensure that your application will be accepted.

A non-refundable application fee of $35 is required before your application will be submitted.

PAYMENT PLANS FOR TUITION & FEES

FACTS provides flexible payment plan options to families at FCA and other, private and faith-based schools. Families can budget their tuition, making private school more accessible and affordable. Our process is simple, convenient, and secure.

FACTS CONFIRMATION NOTICE
Once your information is received and processed by FACTS, you will receive a confirmation notice. This notice will confirm your payment plan information. Please check this information for accuracy, and contact your school or FACTS with any discrepancies.

Frequently Asked Questions

• Is my information secure?
  Yes. Your personal information, including payment information, is protected with the highest security standards in the industry. For more information on security, visit FACTSmgt.com/Security-Compliance.

• When will my payments be due?
  Your payments can be made on the 1st or the 16th. However, if you have a specific need for a different date bsed on your pay schedule notify the office and we will work with you.

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

  Your payment will be processed on the next business day.

• What happens if my payment is returned?
  Returned payments will be subject to a FACTS returned payment fee of $30. Watch for a returned payment notice for additional information.

• How do I make changes once my agreement is on the FACTS system?
  Changes to your address, phone number, email address, or banking information can be made at Online.FACTSmgt.com or by contacting your school or FACTS. Any changes to payment dates or amounts need to be approved by the school and the school will then need to notify FACTS. All changes must be received by FACTS at least two business days prior to the automatic payment date in order to affect the upcoming payment.

• What is the cost to setup a payment plan?

  • A $55 fee will be charged for a family using the 10 or 11 month plan.

  • A $20 fee will be charged for a family paying on the semi-annual plan or paying in full.

  • It is not necessary to pay through FACTS if you wish to pay in FULL by July 1st, but should you wish to pay for after-care, book fees, and other incidentals online the $20 fee will help you streamline this process. The nonrefundable FACTS enrollment fee will be automatically processed within 14 days of the agreement being posted to the FACTS system.