Financial Information

Costs of Attending Tennessee Career Institute

The decision to invest in your future is a serious one that will involve total commitment of time, energy and financial resources.  We understand the sacrifices many of you will be making to study with us, and so we make every effort to help make the costs of education affordable for those who are genuinely interested in studying.

Tuition and fees are assessed on a program basis. Tuition is due and payable at the beginning of the program. Tuition and fees are subject to change.

2010-2011 Tuition and Fees Schedule
Program	Tuition	Fees/ Supplies	Total
1500 Clock Hour Cosmetology	$14,250	750	$13,500
600 Clock Hour Nail Technology	5,650	750	4,900
750 Esthetics	9.950	650	9,300
300 Clock Hour Cosmetology Instructor	2,000	0	2,000

*Fees include all supplies, tools, texts, workbooks, test books, and materials required for the program.  Fees also include an application fee and registration fee. 

Please note:  A uniform is required for study at TCI and is NOT included in your tuition and fees.

Methods of Payment 

Students may pay the full amount of tuition by cash (check or credit card), applying for financial aid through the financial aid office or by special financial arrangements made with the financial aid office.

Financial Assistance Programs

The following student financial aid programs are designed to help qualified students finance a career education at Tennessee Career Institute:

· Pell Grant Program: Through this program, eligible students receive non-repayable grants to be applied toward their educational expenses.

· Stafford Loan Program: Through this program, eligible students may borrow funds at low interest rates from participating financial institutions. Stafford loans must be repaid.

· Unsubsidized Stafford Loans: Unsubsidized Stafford Loans are primarily for middle income borrowers who do not qualify for Federal loans under the Stafford Loan program.

· Parent Loans to Undergraduate Students Program: Through this program, eligible parents of dependent students may borrow funds at below market interest rates. PLUS loans must be repaid.

Financial Aid Policies

Students requesting consideration for financial aid must complete all the necessary application forms and submit them according to instruction with accurate information.

Students must be enrolled on at least a half‑time basis to be eligible to receive financial aid.

An essential condition of an applicant’s eligibility for financial aid is that he/she is in need of the requested aid in order to pursue his/her course of study during the period for which the application is made. Need is defined as the difference between the student’s educational costs ‑ direct educational expenses and living expenses ‑ and the amount the student and his family can be expected to pay towards meeting these educational expenses. The amount of a student’s need is determined by the application for federal student aid. The analysis takes into consideration such items as family income, assets, family size, and number of family members in school, not solely by a particular income level.

The total amount of financial assistance offered to a student by the school will not exceed the amount by which his total budget for the award period exceeds all resources available to him/her.

In order to receive and be eligible for financial aid, the student must:

Be a citizen or an eligible non-citizen, and must be enrolled in an eligible program of study.

Apply for a Pell grant before being considered for any of the other Title IV aid programs.

Be making satisfactory progress toward the completion of his/her course of study.

Certify that he/she does not owe a repayment on a Pell Grant, Supplemental Educational Opportunity Grant, or State Student Incentive Grant that was received to attend any school.

Certify he/she is not in default on any loan received under the Perkins Loan Program (formerly National Direct Student Loan Program), the Stafford Loan Program (formerly Guaranteed Student Loan Program), or the Plus/SLS program.

Provide any documentation, verification, corrections and or new information requested by the financial aid officer or the agency to which the application was submitted.

Any financial aid commitment involving the use of federal funds is tentative and conditional upon subsequent congressional appropriation, actual receipt of the funds by the school, and completion of the necessary forms by the students.

The financial aid office reserves the right to review and cancel or revise an award at any time because of changes in the student’s financial or academic status.  The aid from federal programs is not automatically continued from one year to the next.  Students must reapply each award year.

Aid received from financial aid programs must be used for educational purposes only. Before receiving any funds, each student must sign a statement certifying that he/she will use the money for educational purposes only and agreeing to repay any money received that was not used for educational purposes.

If a student transfers from another school, his/her financial aid does not automatically transfer and he/she must check with the financial aid officer to see what aid is available. Transfer students must submit a financial aid transcript from their prior school to verify the types and amounts of aid previously received.

Checks for student disbursements are made after enrollment and attendance has been verified.

Tennessee Career Institute  931-388-7717  or Toll Free 877-222-6306