Financial Aid & Tuition Costs
CNWSMT offers many different options for Financial Aid and funding your Massage Therapy education. Our goal is to help make it an easy process for you. Watch the How-To videos below. You’ll see how easy the Financial Aid process can be. Other funding options are below.
For more information on financials, contact the Financial Aid Office. Call (518) 489-4026 or email firstname.lastname@example.org.
Click here for 2016 – 2017 Financial Aid Packet.
Federal Student Aid
We encourage all prospective students to apply for Federal Student Aid. Submit a FAFSA (Free Application for Federal Student Aid) online www.fafsa.ed.gov. Our federal school code is 037733. If you prefer a paper application, please contact our Financial Aid representative at (518) 489-4026 or email email@example.com.
CNWSMT participates in the following Federal Programs:
Personal Loans through Banks & Credit Unions
Many banks offer personal loans for education. We recommend checking with your bank and shopping around for the best interest rate. Local credit unions prove to be a good option for education loans, both in rates and customer service.
Local credit unions that offer private educational loans for our Massage Therapy program:
- Capital Communications Federal Credit Union – www.capcomfcu.org
- State Employees Federal Credit Union – www.sefcu.com
- Community Resource Federal Credit Union – www.communityresource.coop
There are scholarships to help pay for Massage Therapy School. Scholarships are available through CNWSMT and outside organizations.
Students may be eligible for funding education from state and/or local (county) governments. Particularly if they are profiled under the State Unemployment Insurance Program.
Eligibility for this aid depends on an individual’s specific needs and demographic characteristics. Students seeking this type of aid work with the agency to ensure CNWSMT receives all tuition payments by the specified deadlines.
ACCES-VR – Adult Career and Continuing Education Services-Vocational Rehabilitation: (Formerly VESID) Contact ACCES-VR to meet with a counselor at (518) 473-8097 or online at www.acces.nysed.gov/vr.
GI BILL / Department of Veterans Affairs: Call 1-888-GIBILL-1 or visit www.gibill.va.gov. CNWSMT participates in both the Montgomery and the Post 9/11 GI Bill. View our Guide to Utilizing GI Bill Benefits.
599 NYS Unemployment Training Program: Extend your unemployment benefits. CNWSMT is an Eligible Training Provider within the NYS 599 Unemployment Training Program. If you’re looking to start a new career as a Massage Therapist, please contact your unemployment office for more information.
Workforce Investment Act: Grant funding may be available for displaced workers needing job training or to re-enter the workforce. Contact your local One-Stop Career Center or visit www.capreg.org.
TAA/Trade Adjustment Assistance: Help for trade-affected workers who lost their jobs as a result of increased imports or shifts in production out of the United States. Visit www.doleta.gov/tradeact/benefits.cfm for more information.
American Opportunity Credit: The American Opportunity Credit is a Federal tax credit of up to $2500 for your out-of-pocket education expenses. Please consult with your tax professional or visit www.irs.gov for more information.
529 SAVINGS PLANS (Tax Advantaged Savings Programs for College Education): CNWSMT is an approved institution and incoming students can use their 529 college savings plan to pay for their Massage Therapy education. Please contact your provider for more information.
School Based Financing Options
Full Payment Plan
Payment of the complete tuition balance before the first day of instruction.
Deferred Payment Plan
Students pay a $100 administration fee to take part in this plan. This fee is added to the tuition balance. Students pay the total balance according to the following schedule:
- First payment is due the day before the first day of instruction. This is 50% of the total balance due. This payment may be in the form of Federal Student Aid.
- Second payment is due at the beginning of the fourth month of instruction. This is 25% of the total balance due.
- Third payment is due at the beginning of the seventh month of instruction. This is 25% of the total balance due.
Monthly Payment Plan (MPP)
If other funding options are exhausted, students may be eligible for a Monthly Payment Plan (MPP). Under the MPP, students need to make an initial down payment of at least $6,500. CNWSMT may consider Federal Student Aid eligibility for this initial payment. The remaining balance is then paid in 22 monthly installments. Students applying for MPP must submit a complete application for participation. Contact the Financial Aid Office to have an application sent to you.
Students combining a MPP with their Federal Student Aid, and are financing a tuition balance of $3,000 or less, may take advantage of extended terms up to 36 months.
Students with a balance greater than $3,000 may also be considered for terms up to 36 months, but only after further review. Additional application items may be requested from these students.
Students wishing to be considered for the MPP must submit a complete application for participation in the MPP to CNWSMT. This application may be obtained from the Financial Aid Office. A credit review will be performed. The student will be notified of the approval status of their MPP application within seven days of receipt by CNWSMT. Students will be required to enter into a loan agreement (retail sales contract) with CNWSMT for the terms of the loan. An interest rate of 6% will be charged on the tuition balance financed with the MPP.
We charge a registration security deposit of $100 to register and reserve a seat in the program. This deposit goes towards tuition payments. Students must pay deposit upon receipt of a letter of acceptance from the CNWSMT. If the deposit is not paid, the student forfeits his/her seat in the program.
Payment of Tuition
In addition to satisfying all Admissions requirements, incoming students must meet with our Financial Aid Administrator. It is required that they have a completed financial plan in place before starting classes. For more information about tuition, please contact our Financial Aid office at (518) 489-4026 or email firstname.lastname@example.org.
Additional Financial Aid Resources: www.studentaid.ed.gov