Financial Aid & Tuition Information 2017-07-24T15:19:46+00:00

Financial Aid & Tuition

MTIC provides financial assistance for those who qualify. Students may apply for Federal Financial Aid or the MTIC private student loan. Prospective students are advised to set up an appointment with the MTIC Financial Aid Administrator to discuss the different types of financial assistance available and to determine eligibility. Financial assistance may include federal and state grants, federal and private loans, private scholarships, tuition and fee waivers, tuition reimbursement, veteran’s benefits, and prepaid tuition programs. If you have a question about financial aid Contact Us.

Tuition, Fees, and Expenses

The total cost of the program is $15,346.50 for the one year, Certified Massage Therapy program. MTIC requires a tuition deposit of $8,000.00 from International students upon official acceptance into the Certified Massage Therapy program. The balance of $7,300.00 is due 30 days prior to the start date of the program.

MTIC requires a tuition deposit of $2,000.00 for domestic cash-pay students (any student who has declined or does not qualify for Federal Financial Aid) upon official acceptance into the program. The remaining $13,300.00 may be paid monthly according to a 9, 12, or 15-month MTIC private student loan.

There is a $20.00 fee for returned checks. A late fee of $25.00 per occurrence will be charged on past-due accounts over 30 days (NOTE: late or inconsistent payment is a reason for dismissal).

Total Cost of the Basic Program

  • Tuition: $13,700.00 ($15.22 per clock hr for 900 hours)
  • Textbooks: $611.50*
  • Table and Accessories: $395.00*
  • Liability Insurance: $95.00 Student liability covers all school related activities associated with getting CMT, includes offsite events, homework, classroom
  • Copy materials: $100**
  • TBars: $60***
  • Materials/Equipment Fees: $385 ** Includes access and use of all school commodities, skeletons, anat models, manikens, clay, posters, tables, pillows, paper towels, tissues, soaps, cleaning supplies, library, classroom materials, breakroom equip and supplies, hot stone sets use, oils and liniments in classroom, clinic and labs, linens in clinic, clinic supplies, gloves, Q-tips, files, classroom supplies, wifi, and other materials equipment and commodities provided for student in program
  • Total: $15,346.50

*Subject to change (enrollment period, market and/or table selected)
**Prorated if early termination or withdrawal
***Non- refundable

Free Application for Federal Student Aid

To find out what you qualify for, fill out the Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov.
MTIC School Code is 039763

Federal student aid is money that comes from the federal government; the U.S. Department of Education. This money is available for those who qualify, and covers educational related expenses such as tuition, books, supplies, and lab fees.

When filling out the online application it will give you the option to use the IRS Tax Retrieval Tool. Doing this will insure the information entered is correct and matches the IRS. This will help to alleviate future problems because of possible user error.

MTIC participates in the following federal aid programs:

  • Federal Pell Grant – A federal program where money is given to students with the highest amount of financial need which is determined by the information provided on the FAFSA. Pell Grants do not have to be repaid.
  • Subsidized Direct Loan – A subsidized loan is awarded on the basis of financial need, which is determined by the information provided on the Free Application for Federal Student Aid (FAFSA). For those who qualify for a subsidized loan, the federal government pays interest on the loan (subsidizes the loan) until repayment begins and during authorized periods of deferment thereafter. Repayment begins six months after the student graduates or withdraws from the program.
  • Unsubsidized Direct Loan – A loan for which the student is responsible for paying the interest that accrues on the loan from the date of disbursement until the loan is paid in full, regardless of enrollment or deferment status. Repayment begins six months after the student graduates or withdraws from the program.
  • Direct PLUS Loan – The Direct PLUS loan helps parents and guardians with good credit borrow up to the cost of education for undergraduate children. Direct PLUS loans help supplement your other sources of financial aid, giving you the flexibility to cover 100% of your student’s college expenses even if the FAFSA process has denied your student other aid. The Direct PLUS loan offers a 7.9% fixed rate, 10-25 year repayment period, and payments typically begin within 60 days after final disbursement with the option to defer payments while your student is enrolled at least half-time.
  • Please contact the MTIC Financial Aid Administrator after three business days to find out more about your official results.
  • Veterans Benefits –  To apply for VA benefits click on this link: https://www.vets.gov/education/
Go to https://studentaid.ed.gov/sa/ to complete the Master Promissory Note or Entrance Counseling.

FA process for New Students

MTIC Private Student Loan

MTIC offers in-house, private student loans to cover any gap balances that may remain once federal aid has been exhausted. The MTIC Student Loan is also available to students who are interested in making monthly cash payments only and have declined federal student aid.

The MTIC Student Loan has three repayment options; payment begins the month following the student’s start date; and it must be paid in full prior to receiving certification.

Payment Options:

  • 9 Months@ 0% interest
  • 12 Months @ 7% interest
  • 15 Months @ 10% interest
  • Please contact the MTIC Financial Aid Administrator for more information.