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Monthly Payment Plan Option
With FACTS - Tuition Management
College Expenses, What's Your Plan?
Paying for the costs of a college education is a concern for nearly every student and family. The fact is, few of us have the resources to simply write a check for the full cost of tuition each semester. So how are you meeting your costs? What’s your plan? Do you have one?
Having a solid plan for covering the cost of college is an important step toward graduation. Anderson University is pleased to enlist the services of FACTS Management Company, the leading tuition payment plan provider in the industry, to make the process easier for you. Working together, Anderson University and FACTS will provide you with sensible strategies for covering the rising costs of college.
To help you meet your educational expenses, Anderson University is pleased to offer FACTS as a convenient online payment plan. Students who choose to use FACTS may select installment plans that are spread over several months. 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 $60 per year (or $40 per semester) nonrefundable FACTS enrollment fee.
You may budget your tuition and fees one of two 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 Anderson University. 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.
B. Credit Card Option—Many payers have requested the option of charging their monthly tuition payment to their credit card. This enables you to take advantage of various bonus programs offered by your credit card company. If you elect to use this option, your monthly payment, along with a convenience fee, will be automatically charged to the credit card you designate. The convenience fee is in addition to the nonrefundable FACTS Enrollment Fee. Payments will be charged on the 5th of each month until the balance is paid in full. If you wish to use this option, you may enroll by registering online through e-Cashier. Credit card payments are processed by American Card Services, Inc.
Enroll in the FACTS Payment Plan online at the e-Cashier link near the top of this page. Be sure to have the following information.
- Student ID
- The name, address, and e-mail address of the person responsible for making the payments.
- 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.
- Account information for the person responsible for payment.
*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.
*If paying by credit card, you will need the credit card number and expiration date.
Down and Full Payment Options
Down or full payments are deducted immediately from the account provided on the agreement. If the payment fails for any reason, the agreement is terminated and notification is sent to the person responsible for payment.
There is a $2.00 charge for making a full payment through FACTS.
SAVE TIME . . . PAY ONLINE
To enroll
To enroll online, click the e-Cashier link located on this web page. You will need your student ID as assigned by Anderson University and the name, address, and e-mail address of the person responsible for making the payments.
You must be certain of your balance owed to Anderson University to set up a payment plan. You should speak with your Financial Aid Counselor to determine your balance or take the total amount of charges, including room and meals for boarders, and subtract all grants and scholarships and/or student loans. (For student loans, please see the Financial Aid web page for instructions on how to complete the necessary paperwork.) Please don’t forget to consider adding in the cost of books.
To check your account
Login into your MyFACTS Account, using your user ID and password provided by FACTS. If you have forgotten or misplaced yours, contact FACTS at 800-863-2287 or account@factsmgt.com.
Frequently Asked Questions About FACTS
- When and what time will the funds be withdrawn from my bank account?
FACTS specifies the date each payment will occur, but it is your financial institution that determines the time of day the payment is debited. FACTS recommends you check with your financial institution to determine how far in advance funds should be deposited into your account to ensure the automatic payment clears. If a payment date falls on a weekend or banking holiday, the payment will be attempted the following business day. - How will I be notified of my payment information?
Once your agreement is posted to the FACTS system, you will receive a confirmation notification of your payment amount by e-mail or letter. Payments will be processed until the total balance is paid in full. The notification has important information you MUST have to log on to MyFACTS Account. The notification also serves as a reminder that a $40 per semester nonrefundable FACTS Enrollment Fee will be processed from the account indicated on the agreement. - Can I pay by phone with FACTS?
In accordance with the Terms & Conditions of your FACTS agreement, payments are processed electronically. FACTS does not accept payments by phone. - What is the FACTS Access Code?
To help protect your privacy, FACTS asks the person responsible for the payments to create an access code. If you should call into FACTS inquiring about your FACTS agreement or inquire online through MyFACTS Account, you will be required to verify your FACTS Access Code. If you do not create an access code on your FACTS agreement, one will be randomly assigned to you. Your FACTS Access Code will be identified on your FACTS Confirmation Notification. Please remember to keep a copy of your confirmation notification.
Contact Information
Call FACTS at (800) 609-8056 to make any changes to your address, telephone or bank information. If you have questions regarding your FACTS agreement, please contact facts directly or view your agreement online through your MyFACTS account. To access your MyFACTS account , follow your FACTS confirmation notification.
If you have questions regarding your financial aid award or your tuition balance, contact Anderson Central at (864) 231-2070.