Welcome to the Business Offices' webpage. We hope you find this page helpful as you plan for your financial commitment to Christian education at Oak Grove Lutheran School. Since the stability of our school and the quality of its programs are of primary importance, we are always seeking ways to make improvements that will benefit everyone. We feel this web site and its contents is a major step in accomplishing that.
Oak Grove Lutheran School has contracted with FACTS Management Company to help us better manage our tuition collection program. We believe this partnership will be beneficial to our school and to our families. Oak Grove Lutheran School is committed to providing a quality, Christian education to our students. Working with FACTS is one more step in assuring that we can continue our mission.
CFO & Business Manager
All new families to Oak Grove Lutheran School in the 2011-2012 school year are required to sign up for an actively managed tuition payment plan through FACTS Management Company. You will have the opportunity to pay in full, by semester or schedule monthly payments. Please note that all payment plans, including annual, will be processed through FACTS.
To set up your payment schedule and account information, click on the FACTS icon above or visit https://online.factsmgt.com/signin/3CTQY
If you have any questions, please feel free to contact Nicky Bogenreif in the Business Office at 701.373.7146 or firstname.lastname@example.org
Please note: returning families do not need to sign up for a plan. Oak Grove will re-enroll your student.
Oak Grove Lutheran School is converting to ACH Accounts Receivable Conversion debits on checks that are received at the school. When you provide a check as payment, you authorize us either to use information from your check to make a one-time electronic fund transfer from your account or to process the payment as a check transaction. When we use information from your checks to make an electronic fund transfer, funds may be withdrawn from your account as soon as the same day we receive your payment, and you will not receive your check back from your financial institution.
You will not see any change from how checks used to be processed other than typically the converted check will show up on your bank statement as electronic entries rather than listed in your check summary section.
We use information on the check and “convert” the check to an electronic transaction based on that information. Electronic transactions are more efficiently processed than paper checks, and that helps keep our costs low.
Since your payment is processed as an electronic transaction, it may be listed in the section of your bank statement with other electronic debits. The description of the electronic debit includes information to help you easily identify your payment. Bank statements typically include only the serial number, paid date, and amount for checks. Since converted items are electronic debits, you may be able to see the payee and a transaction description in your statement.
No. For your protection we destroy the original check. We want the original check presented for payment only once, through an ACH debit.
No, this is not a recurring debit program. We need your check to initiate each payment. You still control the timing of a payment by paying with a check.
Pursuant to regulatory rules (NACHA and Regulation E), we properly notified you of our intention to clear your check electronically. If you prefer not to have your check converted, you can opt out by calling 701.373.7147.
Yes. As with any stop payment, however, you should place the stop payment with your financial institution as quickly as possibly.
Converted checks are typically listed as electronic entries, although some banks may include them in the checks summary section. Below is one example of how converted check information may be listed on your customer's bank statements (content and format will vary from bank to bank).