Federal Financial Aid (Pell Grants and Federal Student Loans)
Work Ready Kentucky Scholarship through KHEAA
VA benefits (GI Bill®)
‘GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs.’
Workforce Innovation Opportunity Act (WIOA)
Vocational Rehabilitation
Alternative Funding Options:
As the Financial Aid Director, I look forward to assisting you in exploring our many options to pay for school and help you avoid excessive debt in the process.
Enrollment Fees
Non-refundable fees to include application fee, liability insurance, lab/supply fees, and graduation fee is assessed at the time of enrollment.
| Program | Contact Hours | Tuition | Cost per Class | Fees Total | Total Cost |
|---|---|---|---|---|---|
| Dental Assistant | 636 | $12,100.00 | $2,016.66 | $2,200.00 | $14,300.00 |
| Medical Administration | 630 | $11,000.00 | $1,571.42 | $2,200.00 | $13,200.00 |
| Medical Assistant | 912 | $13,400.00 | $1,488.88 | $2,200.00 | $15,600.00 |
| Medical Massage Therapy | 900 | $13,200.00 | $1,320.00 | $2,450.00 | $15,650.00 |
| Practical Nursing | 912 | $16,800.00 | $1,866.67 | $2,775.00 | $19,575.00 |
| Veterinary Assistant | 600 | $9.400.00 | $1,566.66 | $2,200.00 | $11,600.00 |
Cancellation Policy
Three-Day Cancellation: An applicant who cancels within three (3) business days of executing the enrollment agreement is entitled to a refund of all tuition and fees.
Tuition Refund
Tuition is assessed per program with the following tuition refund policy:
Official withdrawal includes completing a withdrawal form with the Administration within the timeframes of the above for tuition refund approval. The dated form will determine an official date of withdrawal; and/or a student’s last day of attendance is the day a student last sat in class or the date the student had any academically-related activity such as externship or clinical experience, or examination. If tuition refunds are owed, refunds are made within 45 days after the date the school determines that the student has withdrawn.
Pro-Rata Refund Policy for Veterans and other Eligible Students:
Per CFR 21.4255, Medical Career and Technical College has a pro-rata refund policy for the refund of the unused portion of tuition, fees, and other charges in the event the veteran or eligible person fails to enter the course or withdraws or is discontinued therefrom at any time prior to completion.
Financial Aid Refund
The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a payment period or term. The recalculation is based on the percentage of earned aid. If a student is the recipient of federal financial aid, the Federal Return of Title IV funds formula is required to be performed. This calculation may result in a portion of aid being returned to the U.S. Department of Education. This oftentimes results in a balance being owed by the student to the school. Any balance that results from this calculation is the student’s responsibility to repay.
Student Loan Default Prevention
WHAT IS DEFAULT
Default means failure to honor the repayment agreement of a loan. That includes failure to make payments on time, failure to make payments in the correct amount, or failure to file deferment requests properly or on time.
Are you dreading graduation because it means you will have to begin repaying your student loan? Or, are you already having trouble making your monthly loan payments? More importantly, do you know the consequences of defaulting on your student loans?
You should, because default can have long-lasting, negative consequences on your financial future!
When a loan enters default, the lender transfers the loan to the guarantor. The guarantor then owns the loan from the lender. This means for your Federal school loans, the Government now owns your loan! And, the government will do everything in their power to get the money owed.
It is our goal to help students keep their student loan(s) out of default and to assist in bringing and/or keeping their accounts current.
HOW CAN DEFAULT BE PREVENTED
• Deferment – you may postpone your payments when certain criteria are met such as unemployment, economic hardship, disability, and in- school enrollment.
• Forbearance – permits the reduction of payments, provides an extension of time, or temporarily postpones payments. Financial problems that do not meet the requirements for a deferment might qualify you for the forbearance.
Alternative Payment Plan
• Alternative Payment Plan – some borrowers qualify for other special payment plans such as Income Sensitive, Graduated, or Lowered Payment Plans. You may contact your lender or servicer for more information.
THE CONSEQUENCE OF DEFAULT
After your student loan has defaulted, the entire balance becomes due, and you are no longer eligible for any Title IV financial aid or for any of the options described above.
Other consequences of default may include:
• Reporting the default to all national credit bureaus.
• Withholding of a percentage of your wages until the debt is paid in full.
• Adding collection and attorneys’ fees to the balance of your loan(s).
• Seizure of your IRS tax refund by the guarantor or U.S. Department of Education.
Main Campus
630 University Shopping Center
Richmond, KY 40475
Separate Educational Center
2424 Sir Barton Way, #125
Lexington, KY 40509
Medical Career & Technical College is Institutionally accredited by the Accrediting Bureau of Health Education Schools (ABHES).
Continue your education at Medical Career & Technical College today! Join us for Medical Career Training in 1 year; you only take one class at a time and attend just two days a week! Become a Dental Assistant, Medical Assistant, Medical Massage Therapist, Practical Nursing, or a Veterinary Assistant!
MAIN Campus: Richmond
Separate Educational Center: Lexington