Lincoln, Neb. (PRWEB) November 21, 2014
FACTS is pleased to announce it has recently entered into an agreement with the Diocese of Albany to be its preferred provider for tuition management and financial aid assessment. FACTS assists over 6,600 private and faith-based K–12 schools nationwide by streamlining billing and collection of tuition, as well as the process of evaluating financial need.
“Diocese of Albany Catholic Schools provide high quality Catholic education in the greater capital region of New York State. In support of a strong Catholic identity and academic excellence, our operational vitality provides the funds necessary to sustain our mission. Our partnership with FACTS will continue to help us ensure that we are doing the best possible job at assessing and administering financial assistance for our students.” said Michael Pizzingrillo, Superintendent of Schools for the Roman Catholic Diocese of Albany.
The three-year agreement will begin in the 2015-2016 school year, and will give Diocesan schools access to a host of administrative tools, including a financial management dashboard that offers real-time, customized reporting. Schools can generate reports that list cash remitted data, delinquencies, incidental billing amounts, cash projected information, and payment plan status.
“FACTS has a long history with the Diocese of Albany,” said Jim Owens, FACTS Executive Vice President and National Sales Manager. “We look forward to our continued partnership by enhancing their financial stability and affordability while creating an integrated tuition management and financial aid workflow for both schools and families.”
FACTS adheres to the most stringent security and compliance standards in the industry. FACTS is PCI DSS Level 1 validated, SSAE 16 audited and Red Flags ready. These standards are a critical and necessary component to ensuring the highest level of security for schools and families.
About FACTS Management Company
FACTS, http://www.factsmgt.com, a division of Nelnet, Inc., of Lincoln, Neb., is committed to making educational dreams possible for families and students, as well as enhancing the financial stability and affordability of educational institutions. FACTS serves more than 1.5 million families at over 6,600 schools and manages $6.9 billion in tuition funds annually. FACTS offers a comprehensive suite of services, including tuition management, payment administration and processing, financial needs assessment, and RenWeb school management software.