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Handbook - Parent/Student - Ss. Peter & Paul School

Handbook - Parent/Student - Ss. Peter & Paul School

Handbook - Parent/Student - Ss. Peter & Paul School

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FINANCIAL ARRANGEMENTSOur school is supported by tuition, fundraisers, donations, book fees and parish subsidy. Tuitionrates are set by the Saints <strong>Peter</strong> & <strong>Paul</strong> Board of Education each spring for the upcoming school year.<strong>Ss</strong>. <strong>Peter</strong> and <strong>Paul</strong> Tuition PolicyFor the annual (one-time) tuition payment plan, the payment is due in full, utilizing the FACT<strong>Ss</strong>ystem, on either July 5 th or July 15 th . For the monthly tuition payment plan, the payment is duethrough FACTS on either the 5 th or 15 th for the months July, August, September, October, November,December, January, March, April and May.Tuition Rate and Schedule for 2012-13 <strong>School</strong> YearPayment Plan:Annual(ACH –auto debit)Annual(Credit Card)Monthly(ACH –auto debit)Monthly(Credit Card)Payments Due: 7/1 or 7/15/12 7/1 or 7/15/12 7/1/12 -5/15/13 7/1/12 -5/15/13One Child(IncludingKindergarten) $3,890 $3,987.25 $389.00 $398.73Two Children $7,391 $7,575.77 $739.10 $757.58Three Children $10,892 $11,164.30 $1,089.20 $1,116.43Four Children $12,448 $12,759.20 $1,244.80 $1,275.92 The cost of educating each child for 2012-13 will be approximately $5,720. Families who belong to parishes other than Saints <strong>Peter</strong> & <strong>Paul</strong> will be required to pay an additional $1,000 per child. FACTS does not accept checks or VISA. FACTS only accepts ACH withdrawal from either checking or savings or payment byMasterCard, Discover or American Express. For those paying with MasterCard, Discover or American Express, FACTS will assessan additional 2.5% convenience fee. The February tuition payment will be skipped as that will be the month that the re-registration fee for the following school yearwill be due.Tuition - PaymentsAll tuition payments are due on either the 5 th or 15th of each month via FACTS Online TuitionManagement System, depending on which date is selected by the family. There will be a reminderincluded in the Principal’s Thursday e-Envelope about upcoming tuition payment due dates. It willbe each family’s responsibility to remember when payments are due.Payments may be made by automatic ACH withdrawal from either checking or savings accounts orby MasterCard, Discover or American Express. FACTS does not accept VISA or check payments. Ifone of the accepted credit cards is the chosen method of payment, FACTS will assess a 2.5%convenience fee for each payment.There is an invoice option that is available ONLY to those families who elect to make a one-timeannual tuition payment.Tuition – Making Changes to Your Payment PlanFamilies can change their preferred method of payment via FACTS Online Tuition ManagementSystem; however, the change needs to be made four (4) business days prior to the next paymentdate.Any other types of changes to the FACTS tuition payment plan must be handled through the ParishFinance Office. These changes must be communicated to the Parish Finance Office no less thanfour (4) business days prior to the next scheduled payment date. You can contact either ShannonFindley at (630)718-2102 or Tom Boler at (630)718-2100.22

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