Exciting and dynamic change is in the air for the coming school year as per the collection and management of tuition and fees. The Phelps School is joining similar institutions around the area and country by partnering with the FACTS Management Company to collect and process tuition/fees.
FACTS is a tuition management company. What this means is that parents are preauthorizing their bank or credit card company to automatically transfer funds to the school on the payment due dates traditional to the school. No more mailing checks—unless one is paying in full directly to the school the entire tuition for the entire year. Electronic Fund Transfer (eft) can be done conveniently via FACTS from one’s checking or savings account, or by way of MC, Discover, or AMEX. VISA transactions incur a convenience fee of 3% domestically and 4% internationally.
If a family is experiencing financial challenge, one need only contact the school and any adjustment can be made—free of charge. The school has found that automation will save money for both the institution and the parents and this is why we have chosen to use this method.
For the coming school year all tuition/fees are to be paid by one of the following options:
(1) Pay 100% of the tuition/fees using credit card by August 1 via FACTS. Those paying in full by check or wire can make the payment directly to the school.
(2) Two (60%-40%) installments by August 1 and December 1 via FACTS
(3) Make monthly installments (ending February 15, 2013) via FACTS on one’s credit card* or bank account** utilizing electronic fund transfer (eft).
*Please note, there is a small convenience fee (3%), associated with this credit card option only.
**Please note that the eft transfer can be set up on a “custodial account” and not one’s main account.
PLEASE NOTE THAT FACTS IS FOR ALL PARENT/GUARDIANS REGARDLESS OF PAYMENT HISTORY PAYING BY INSTALLMENT OR CREDIT CARD
To help understand FACTS better during this implementation period, Topher Russo, the local representative, can be reached at 410-940-9505 (cell), 800-569-1209 (office) or firstname.lastname@example.org, 24/7. Click HERE to reach the FACTS Website. Again, we are excited about joining the many area schools partnering with FACTS Management Company. To enroll directly in FACTS for The Phelps School, click on the icon below:
Information regarding the tuition and fees for the current academic year can be found under Financial Information.
Stephany P. Fahey
Director of Financial Affairs
The Phelps School
583 Sugartown Road
Malvern, PA 19355
(t) 610.644.1754 x1011