FACTS

Interest-Free Monthly Payment Plan

To help you meet your educational expenses, South Suburban College is proud to offer FACTS as a convenient budget plan ($100 minimum to budget). This is not a loan program. You have no debt, there are no interest or finance charges assessed, and there is no credit check.

The cost to budget your interest-free monthly payment plan is a $25.00 per semester non-refundable FACTS Enrollment Fee. This $25 FACTS enrollment fee will be charged to your bank or credit card account within 14 days of your enrollment. You may budget your College tuition and fees in the following ways:

A. Automatic Bank Payment (ACH)—ACH payments are those payments you have authorized FACTS to process directly with your financial institution. It is simply a bank-to-bank transfer of funds that you have pre approved for your expenses at South Suburban College. Payments may be made from either your checking or savings account. Payments are processed on the 5th of each month and will continue until the balance is paid in full.

There is no fee to use the "Pay in Full by Bank Account Transfer" option under the "Account Balance Tab" in Online Student Services.

B. Credit Card Option—Paying with your credit card gives you the option of taking advantage of any bonus programs that may be offered by your credit card company. Your monthly payment will be automatically charged to the credit card you designate. Payments will be charged on the 5th of each month until the balance is paid in full.

You can enroll in the FACTS Payment Plan by logging into Online Student Services (using your Student ID, many times this is your social security number, and your PIN) and selecting the "Make Deferred Payment" or the "Pay in Full by Bank Account Transfer" options under the "Account Balance Tab".

Be sure to have the following information with you at the time of enrollment:

1. Your nine-digit student ID number. This may be your Social Security number.
2. The name, address, and e-mail address of the person responsible for making the payments.
3. To protect your privacy, you will need to create your own unique FACTS Access Code. Please be sure it is something you can easily remember.
4. Account information for the person responsible for payment.
5. If paying by automatic bank payments, you will need the bank name, telephone number, account number, and the bank routing number. Most of this information is located on your check.
6. If paying by credit card, you will need the credit card number and expiration date.

INFORMATION ON RETURNED PAYMENTS
Should an automatic bank payment or credit card payment be returned, a $25.00 FACTS Returned Payment Fee will be automatically assessed to your account. You will be notified by FACTS of the returned payment via mail or e-mail.