FACTS Peace of Mind Benefit (POM)
The FACTS Peace of Mind benefit (POM) will pay any FACTS unpaid balance (except payments in arrears) in the event of the death of the responsible party who has entered into this agreement or his/her legal spouse. Coverage does not apply when cancer or complications related to cancer cause death, and the individual has received or been advised to receive medical advice, diagnosis, or treatment for cancer at the time coverage begins. Additional information on POM is provided in the terms and conditions. The nonrefundable annual fee for this benefit is $12 per FACTS agreement. If you elect to enroll, the POM fee will be added to your FACTS Enrollment Fee. If applicable, you will be automatically reenrolled in the POM plan each consecutive year you have a FACTS Automatic Tuition Payment Agreement.
Available for Kindergarten and Grades 1 – 8
FACTS is the leading tuition management service in the nation, serving approximately 5,000 schools and nearly one million families. FACTS helps alleviate the stress of managing education costs by distributing tuition payments over time. This program provides several methods of payment that you can choose from when making your payments. To review the methods of payment, and/or to enroll in the FACTS program, go to eCashier, which works in partnership with the Facts Tuition Management Program. Payments can be made by setting up automatic bank payments from your checking or savings account (United States Bank Accounts Only) or by linking the payments to a credit card (2.5% convenience fee is charged for credit card payments). FACTS charges an annual one-time processing fee per family for some methods of tuition payments. See eCashier for more information.
Re-enrollment to FACTS
Re-enrollment: If you are currently enrolled and paying monthly through FACTS Management at St. Joe’s, you must re-enroll for the FACTS Management program for the next school year. Your first tuition payment automatically begins in July of the new school year and ends in May of the following year (11 months) using the payment method and date that you used for the previous year. The annual processing service fee per family is charged by FACTS each year (amount may change annually) and is automatically collected before the first payment per your designated payment method. The deadline to make a change to your payment option is by June 2nd prior to the first monthly payment in July. Late setups or changes after June 2nd are subject to an additional processing fee at the discretion of the FACTS program.