Many students find the FACTS installment payment plan a convenient option for meeting their payment responsibilities and ensuring that they keep their place in class.
To setup your FACTS Payment Plan, go to CLC's self service.
Check your MyFACTS Account online, user ID and password required.
About FACTS
Paying for the rising 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. College of Lake County 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, College of Lake County and FACTS will provide you with sensible strategies for covering the rising costs of college.
Here Is a Proven Plan
To help you meet your educational expenses, College of Lake County is proud to offer FACTS as a convenient budget plan. This is not a loan program. 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 per semester nonrefundable FACTS enrollment fee. You may budget your tuition and fees in the following ways:
- Automatic Bank Payment (ACH)
ACH payments are those payments you have authorized FACTS to process directly with your financial institution. Such payments are simply bank-to-bank transfers of funds that you have pre-approved for your expenses at College of Lake County. 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. - 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. - Information for Financial Aid Recipients
Convenient Online Enrollment
Enroll in the FACTS Payment Plan online. Be sure to have the following information.
- Seven-digit Student ID Number as assigned by the College of Lake County.
- 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.
- Credit card or bank account information for the person responsible for payments.
- 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.
How to Enroll
Enrolling online is simple, secure and easy. Connect to the e-Cashier through CLC's self service. The payment plan can accommodate down payments and monthly payments. Before you click the Submit button, please carefully read through the Final Review and the Terms and Conditions. An immediate email will be sent (if an email address was provided for the person responsible for the payment) confirming the enrollment through e-Cashier.
Down payments: Down payments are deducted immediately from the account provided on the agreement. If the payment fails for any reason, the agreement is terminated.
FACTS Installment Plan Options and Deadlines
A minimum balance due of $100 is required to sign up for FACTS. A non-refundable enrollment fee ($25 for Spring, $15 for Summer, $25 for Fall) will be charged to your account upon entering the plan each term.
| Last day to enroll online |
Required down payment | Number of Payments | Months of payments |
|---|---|---|---|
Payments on the 5th of the month |
|||
| May 1 | None | 3 | May, June, July |
| May 22 | 30% | 2 | June, July |
| June 11 | 50% | 1 | July only |
Payments on the 20th of the month |
|||
| May 18 | None | 3 | May, June, July |
| June 9 | 30% | 2 | June, July |
| June 11 | 50% | 1 | July only |
NOTE: All down payments are processed immediately! |
|||
| Last day to enroll online |
Required down payment | Number of Payments | Months of payments |
|---|---|---|---|
Payments on the 5th of the month |
|||
| July 2 | None | 5 | July - Nov. |
| Aug. 3 | None | 4 | Aug. - Nov. |
| Aug. 25 | 20% | 3 | Sept. - Nov. |
| September 8 | 30% | 2 | Oct. - Nov. |
Payments on the 20th of the month |
|||
| July 16 | None | 5 | July - Nov. |
| Aug.18 | None | 4 | Aug. - Nov. |
| Aug. 29 | 20% | 3 | Sept. - Nov. |
| September 8 | 30% | 2 | Oct. - Nov. |
DEFERRED PLAN - FINANCIAL AID STUDENTS ONLY |
|||
| Oct. 31 | None | 3 | Nov. - Jan. |
NOTE: All down payments are processed immediately! |
|||
Important Contact Information
Call FACTS at (800) 609-8056 to make any changes to your address, phone or banking information. If you have questions regarding your FACTS agreement, please contact FACTS directly or view your agreement online through My FACTS Account. To access My FACTS Account, follow the instructions located on the FACTS Confirmation Notification or email. If you have questions regarding your tuition balance, please call the College of Lake County Cashier’s Office at (847) 543-2085 or (847) 543-2230. For questions concerning Financial Aid, please call CLC’s Financial Aid Office at (847) 543-2062.
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 $25 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.