Financial Services

Payment Options

PMCI understands that students need a wide range of financial tools to fund school. Initially, each student is required to select a payment option per the enrollment agreement established for each class. Based on the option selected, PMCI assists in educating students regarding funding sources provided internally and externally. Some payment options require a Personal Guarantee and Authorization Forms and include a balloon payment before graduation. Details on these financial options can be found of pages 48 and 49 of the school catalog (which is found under the Disclosures page on this website).

Title IV & Loans

Title IV is the Student Assistance code that allows students to receive Federal Aid in the form of Grants and Loans for Higher Education purposes. PMCI currently does not participate in any State or Federal financial aid program.

Tuition Financing Corporation

Tuition Financing Corporation (TFC) is a third party entity that assists in establishing payment options for students when interest is being charged. Interest will be charged to any student that chooses a payment option where a balance will be owed after the final day of class. These options are also shown in detail on pages 48 and 49 of the school catalog located under the Disclosures section on this website. Once selected, a student will sign a separate TFC Contract and begin making payments as arranged in the agreement. Questions regarding TFC Options should be directed to the Finance Office.

Personal Loans

PMCI encourages students to seek personal loans at local banks and credit unions. However, if a student obtains a loan to pay for an educational program, the student has the responsibility to repay the full amount of the loan plus any interest, less the amount of any refund. Typically, loans received from outside sources such as a bank or credit union will have a lower interest rate than the amount PMCI would charge through the TFC option.

Discounts and Scholarships

PMCI offers a 2.5-10% discount for the VN Program. The 10% discount is taken off of regular tuition costs when a student pays in full for the VN Program before the end of the first full month of class or pays for the NA Program in full before the end of the second week of class. This date is identified and coordinated with PMCI’s Finance Office based on the payment option the student chooses per the enrollment agreement. Additionally, students and their spouses who are serve on active duty in the military will receive a 10% tuition discount (students may be current or former active duty members, spouses must be currently active). You will need to provide documentation as proof.

PMCI Scholarship applications will be available once a student has been accepted into the nursing program. Scholarships are awarded to VN students in the form of tuition reduction per semester. For example, if a student receives a $2000 scholarship and is enrolled in a full four semester VN program $500 will be applied to each semester. Specific PMCI Scholarship information can be found on page 20 of the school catalog located under the Discolsures page on this website. Students are also encouraged to visit the Health Professions Education Foundation website at www.oshpd.ca.gov/HPEF for information regarding state funded scholarships

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