Payment Policies

PAYMENTS
Students must reconcile all charges not covered by financial aid (federal loans, federal and state grants, TFC grants and scholarships, not including work-study) in advance of check-in for the semester. Students can reconcile their account balances by paying the balance in full via cash, check, or credit card or registering for the FACTS payment plan.

Students must submit a TFC Self Invoice each year/semester by the payment deadline listed in the academic calendar.  Students use this invoice on-line to demonstrate how they will reconcile their account for the upcoming semester. Students must then pay their account by one of the methods mentioned above to maintain their class schedule for the upcoming semester. Students must do this by the Payment deadline listed in the academic calendar.

PRE-PAY DISCOUNT
TFC credits a 4% discount to students that pay the balance of their account in full for the fall semester or both fall and spring semesters by July 1 (post-marked or internet submission). The college calculates the discount amount after it deducts all federal and state aid (not including work-study) as well as all institutional scholarships and grants from the cost of tuition, fees, room, and board. To be eligible to receive this discount, students must have their financial aid file complete, the Prepay Form completed, and payment submitted no later than the July 1st deadline.

 

FACTS TUITION MANAGEMENT
Toccoa Falls College is pleased to offer FACTS as a convenient INTEREST FREE budget plan. The only cost to budget monthly payments through FACTS is a $25.00 per semester (3-4 payments) or $45.00 annual (8-10 payments) nonrefundable enrollment fee.  The enrollment fee is automatically deducted within 14 days of the agreement being posted to the FACTS system. MORE...

 

LATE PAYMENTS
The college applies a service charge at a rate of 1.5% per month on an outstanding balance as of the 1st of each month as a result of delinquency on the payment plan, federal and state financial aid, or student loan. Therefore, it is in each student’s best interest to ensure that they meet payment plan obligations, complete the student financial aid file by check-in day each semester, complete entrance loan counseling on time, and return the promissory note for student loans within seven days after they receive it.

RETURNED CHECK CHARGE
The college charges $15.00 for each check a student submits to the college that the bank returns to the college for insufficient funds. Students that have two bad check incidents will lose their check cashing privileges at TFC for six months.

UNPAID ACCOUNTS
Students with an outstanding balance from a previous semester cannot re-enroll unless the account is reconciled in full or the Director of Student Accounts gives permission. Upon final departure from TFC, students must pay any outstanding balance in full, including all library, parking, and disciplinary fines, as well as any other charges before the college will issue an official transcript or diploma. The student is responsible for any collection fees incurred in reconciling the account balance.

COLLECTION OF UNPAID ACCOUNTS
The college turns over unpaid student accounts that are inactive for two months to a collection agency. This agency adds collection fees for the services they provide and contacts the student regarding payment options.