Tuition and Financing
Our Financial Aid staff is committed to helping every student find a financial plan that works for them. Whether you are paying in cash or applying for student loans or grants, we've helped many students just like you. Financial Aid is available for those who qualify.
Ann Arbor Institute of Massage Therapy (AAIMT) can also finance a portion of the program tuition for qualified students. A variety of financial plans are available, depending on the length of the chosen program and the amount of the student’s initial payment.
The AAIMT Massage Therapy Program Costs:
| Tuition: | $9,400.00 | ||
| After the Application/Registration Fees* of $75 have been received, the following financial breakdown applies: | ($75.00) | ||
| Lab Fee | $250.00 | ||
| Materials Fee | $385.00 | ||
| Text Books (Approximate)** | $380.00 | ||
| Estimated cost for starting the program: | $10,405.00 | ||
| Table (Approximate)** | $500.00 | ||
| Chair (Approximate)(Optional Purchase) */*** | $299.00 |
*Application Fee includes Registration Fee
** Non-refundable items
*** Purchase of massage chair is optional and at
the students discretion. Chairs may be rented for
outreach.
AAIMT participates in the following Federal Financial Aid Programs:
Federal Pell Grant
Federally funded grants are awarded to those who qualify. Students use the Free Application for Federal Student Aid (FAFSA) to apply and should submit the application to the Financial Aid Office at the College.
Federal Stafford Student Loan (subsidized)
This is a loan for students enrolled at least half time. No principal or interest payments are required until six months after the student graduates or withdraws from the Institute. The interest rate is currently a fixed 3.4%. Students must complete a needs analysis that shows demonstrated need, and must maintain satisfactory academic progress. Students use the FAFSA to apply and should submit the application to the Financial Aid Office at the Institute.
Federal Stafford Student Loan (unsubsidized)
These loans enable students who do not qualify for interest subsidies to obtain a student loan. A FAFSA must be filed to establish eligibility. The interest rate is currently a fixed 6.8%. The interest is paid by the student or deferred while the student is in college.
Federal Parent Plus Loan
This long-term variable interest rate loan is capped at a maximum of 9 percent, and is available to parents of dependent students. Repayment begins within 60 days after final disbursement of the loan. Students use the Federal Plus Loan Application form to apply and should submit the application to the Financial Aid Office at the Institute.
Other Options:
Michigan Promise Scholarship
Michigan Education Savings Plans
Michigan Education Trust
Michigan Works
United Auto Workers
Michigan Rehabilitative Services
Americorps
Private Lenders
For more information, please contact Sara Martens at (734) 677-4430.
Applying for Federal Aid
To apply for Federal Aid, follow the first step is to obtain a PIN number. This number acts as your electronic signature. Go to www.pin.ed.gov and fill out the required information. It may take 2-3 days for this number to be sent to you via email.
In order to find out if you are eligible for Federal Aid, you will want to fill out the FAFSA form. This form can be found at: www.FAFSA.ed.gov,
IMPORTANT NOTE: USE THE 2013-2014 SCHOOL YEAR. Our SCHOOL CODE IS #039765. You will also need to use your 2012 1040 Federal Income Tax information to complete the FAFSA information. If you are under the age of 24, you may need to provide your parent’s income tax information as well.
When filling out the FAFSA form online, it may take two weeks for the results to be received by AAIMT.
Also, when you are filling out the FAFSA form, it will ask you for your pin number. Please follow the links to receive a pin number, if needed. The pin number acts as your electronic signature and is required to finish your FAFSA form.
You may also contact Sara Martens for any assistance when filling out your FAFSA information. Appointments can be made to assist you with this process.
To receive aid for our programs, you must:
- Qualify for financial need (except for certain loans).
- Have a high school diploma or a General Education Development (GED) certificate, pass a test approved by the U.S. Department of Education, meet other standards your state establishes that the Department approves, or complete a high school education in a home school setting that is treated as such under state law.
- Be working toward a degree or certificate in an eligible program.
- Be a U.S. citizen or eligible noncitizen
- Have a valid Social Security Number
- Register with the Selective Service if required. You can use the paper or electronic FAFSA to register, you can register at www.sss.gov, or you can call 1-847-688-6888. (TTY users can call 1-847-688-2567.)
- Maintain satisfactory academic progress once in school.
- Certify that you are not in default on a federal student loan and do not owe money on a federal student grant.
- Certify that you will use federal student aid only for educational purposes.
The Higher Education Act of 1965 as amended (HEA) suspends aid eligibility for students who have been convicted under federal or state law of the sale or possession of drugs. If you have a conviction(s) for these offenses, call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243) or go to the www.FAFSA.ed.gov website, click on "Before Beginning A FAFSA" in the left column, then click on "Drug Worksheet" to find out how this law applies to you.
Even if you are ineligible for federal aid, you should complete the FAFSA because you may be eligible for nonfederal aid from states and private institutions. If you regain eligibility during the award year, notify your financial aid administrator immediately. If you are convicted of a drug-related offense after you submit the FAFSA, you might lose eligibility for federal student aid, and you might be liable for returning any financial aid you received during a period of ineligibility.
AAIMT In-House Financing Options: (any of these plans can be used in conjunction with Federal Aid
OPTION A: Pay all Tuition, Lab Fee, and Materials Fee in full two weeks prior to the first day of class and receive your Textbooks free! Approximately a $380 savings!
OPTION B: Down payment: $5,400.00 ($4,405.00 Tuition, $250.00 Lab Fee, $380.00 Textbooks, $385.00 Materials Fee). At 0% interest, you will make 11 monthly payments of approximately $454.00, starting 10/12/2013.
OPTION C: Down payment: $3,900.00 ($2,905.00 Tuition, $250.00 Lab Fee, $380.00 Textbooks, $385.00 Materials Fee). At 6% interest, you will make 11 monthly payments of approximately $626.00, starting 10/12/2013.
OPTION D: Down payment: $2,400.00 ($1,005.00 Tuition, $250.00 Lab Fee, $380.00 Textbooks, $385.00 Materials Fee). At 7% interest, you will make 11 monthly payments of approximately $778.00, starting 10/12/2013.
OPTION E: Down payment: $2,400.00 ($1,005.00 Tuition, $250.00 Lab Fee, $380.00 Textbooks, $385.00 Materials Fee). At 8% interest, you will make 18 monthly payments of approximately $507.00, starting 10/12/2013. (A $500.00 six-month extension fee is included with Option E.
Payment plans do not include application/registration fees or table/chair costs. Textbook prices are subject to change. Table and chair orders must be paid in full when the order is placed.