FACTS Program
Families that wish to pay monthly are required to enroll annually with the FACTS payment plan which will require a once-a-year $38 participation fee. Such a plan can be customized to meet your family budget. You are eligible to begin monthly drafts in April, 2010, but you must design the plan so that all payments are completed by March, 2011. This option allows for a family to make occasional additional payments directly to SBA which will reduce the amount of the monthly payment.
To enroll in the FACTS payment plan, click here. The SBA Code is 348.