Financial

Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) HEERF II Grant

On December 27th, 2020, the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) was signed into law. The Act provided an additional $21.2 billion for institutions of higher education (IHE) of which an allocation was used for a second Higher Education Emergency Relief Fund (HEERF) Grant.

Jung Tao School of Classical Chinese Medicine received notification on February 3rd, 2021 of the $11,785 student grant award. The School established a separate checking account to manage funds and takes no administrative allowance.

The application for CRRSAA student funds was made available to all students (62 enrolled) on Thursday, February 25th, 2021, by way of email from the JTS Finance Office.
See application: Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) Application

Applications were due to be submitted by email to the Finance Office by Wednesday, March 10th, 2021. Ten students applied for funds. Requested amounts were between $1,000 and $2,000.

The JTS Leadership Team reviewed all applications on Thursday, March 11th, 2021. The Team discussed the applications, amounts requested, funds available, and funding option scenarios. The grants were awarded to students with exceptional need, specifically for any emergency that may be the result of the coronavirus, directly or indirectly, including JTS school tuition and related costs of attendance, food, housing, basic utilities, health care or childcare. The Team voted unanimously to fund the application requests, based on a scenario which allowed for the full disbursement of the total $11,785 funds available on an equitable per student allocation. Applicants were notified on Friday, March 12th, 2021 by a way of email of the amount of funds that were approved for their requests, along with an expected date of when checks would be processed. Jung Tao School has requested the drawdown of funds from G5 on March 11th, 2021 in the amount of $11,785 for GAN/PR/Award Number P425E202362-20A. Funds were deposited into JTS BB&T bank account on March 17th, 2021. Checks were processed on March 17th, 2021 and mailed to the ten student grant recipients.

Emergency Financial Relief Grants

The U.S. Department of Education has made Emergency Financial Relief Grant funds available to students of our institution who need financial support for their expenses related to the disruption of campus operations due to Coronavirus. The Department of Education Emergency grant funds available to Jung Tao School students will be awarded on a first come first serve basis for all of those who meet the criteria outlined in the attached application form.  A review committee will meet on the last Thursday of each month to review applications and make awards so long as funds remain. Checks for those awards will be made payable to the student and mailed from the campus by the end of each month to the official home address students have on file with the School.

Jung Tao School of Classical Chinese Medicine received $11,785 for these grants. The School has established a separate checking account to manage funds and takes no administrative allowance. The full amount and any interest earned is available to students in good standing so long as funds remain in the account and for up to 12 months from receipt of funds on 5/12/2020.

Email applications to finance@jungtao.edu.

Emergency Financial Relief Grant Application

CARES Act Student Emergency Relief Fund Reporting

CARES Act Quarterly Budget and Expenditure Public Posting as of March 31, 2021
HEERF_Quarterly_Budget_and_Expenditure_Public_Posting as of 03.31.2021

CARES Act Quarterly Budget and Expenditure Public Posting as of December 31, 2020
HEERF_Quarterly_Budget_and_Expenditure_Public_Posting as of 12.31.2020

CARES Act Quarterly Budget and Expenditure Public Posting as of September 30, 2020
HEERF_Quarterly_Budget_and_Expenditure_Public_Posting as of 09.30.2020

CARES Act Quarterly Budget and Expenditure Public Posting as of June 30, 2020
HEERF_Quarterly_Budget_and_Expenditure_Public_Posting as of 06.30.2020

CARES Act Student Emergency Relief Fund Reporting as of July 1, 2020 (Final Reporting)

 Jung Tao School of Classical Chinese Medicine acknowledges that Jung Tao School has signed and returned to the Department the Certification and Agreement dated April 16, 2020 and Jung Tao School assures that the intuition intends to use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

Jung Tao School received $11,785 on May 12, 2020 from the Department pursuant to Jung Tao School’s Certification and Agreement (for) Emergency Financial Aid Grants to Students.

As of the Final Reporting dated July 1, 2020, the total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act is $11,785. All funds have been disbursed to students.

The total number of students at Jung Tao School eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to Students under Section 18004(a)(1) of the CARES Act is estimated to be 64 students.

The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 16 students.

The method used by Jung Tao School to determine which students receive Emergency Financial Aid Grant and how much they will receive under Section 18004(a)(1) of the CARES Act to best allow for a fair and equitable distribution of funds is as follows:

The Emergency Financial Relief Grant Application (see link above) was made available to students effective May 15, 2020 via e-mail and Jung Tao School website. The Department of Education Emergency Grants funds available to Jung Tao School students will be awarded on a first come first serve basis for all of those who meet the criteria outlined in the application form. These emergency funds can be used for expenses associated with education disruption due to the COVID pandemic. There is no minimum amount set for requests and a maximum amount established by the oversight committee is $1,000 per award. Students will be asked to provide receipts for any distance education related or increased clinic expenses. Justification for increased internet, phone data plan or other utility costs incurred due to COVID may require copies of past bills as compared to increased costs noted from website posted plans. A review committee will meet on the last Thursday of each month to review applications and make awards so long as funds remain. Checks for those awards will be made payable to the student and mailed from the campus by the end of each month to the official home address students have on file with the School.

Instructions, directions, or guidance were provided by Jung Tao School to students concerning the Emergency Financial Aid Grants via e-mail and Jung Tao School website and the Emergency Financial Relief Grant Application.

CARES Act Student Emergency Relief Fund Reporting as of June 26, 2020 (45-day reporting)

Jung Tao School of Classical Chinese Medicine acknowledges that Jung Tao School has signed and returned to the Department the Certification and Agreement dated April 16, 2020 and Jung Tao School assures that the intuition intends to use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

Jung Tao School received $11,785 on May 12, 2020 from the Department pursuant to Jung Tao School’s Certification and Agreement (for) Emergency Financial Aid Grants to Students.

As of the 45-day Report dated June 26, 2020, the total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act is $11,735.74.

The total number of students at Jung Tao School eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to Students under Section 18004(a)(1) of the CARES Act is estimated to be 64 students.

The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 15 students.

The method used by Jung Tao School to determine which students receive Emergency Financial Aid Grant and how much they will receive under Section 18004(a)(1) of the CARES Act to best allow for a fair and equitable distribution of funds is as follows:

The Emergency Financial Relief Grant Application (see link above) was made available to students effective May 15, 2020 via e-mail and Jung Tao School website. The Department of Education Emergency Grants funds available to Jung Tao School students will be awarded on a first come first serve basis for all of those who meet the criteria outlined in the application form. These emergency funds can be used for expenses associated with education disruption due to the COVID pandemic. There is no minimum amount set for requests and a maximum amount established by the oversight committee is $1,000 per award. Students will be asked to provide receipts for any distance education related or increased clinic expenses. Justification for increased internet, phone data plan or other utility costs incurred due to COVID may require copies of past bills as compared to increased costs noted from website posted plans. A review committee will meet on the last Thursday of each month to review applications and make awards so long as funds remain. Checks for those awards will be made payable to the student and mailed from the campus by the end of each month to the official home address students have on file with the School.

Instructions, directions, or guidance were provided by Jung Tao School to students concerning the Emergency Financial Aid Grants via e-mail and Jung Tao School website and the Emergency Financial Relief Grant Application.

CARES Act Student Emergency Relief Fund Reporting as of June 11, 2020 (30-day reporting)

 Jung Tao School of Classical Chinese Medicine acknowledges that Jung Tao School has signed and returned to the Department the Certification and Agreement dated April 16, 2020 and Jung Tao School assures that the intuition intends to use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

Jung Tao School received $11,785 on May 12, 2020 from the Department pursuant to Jung Tao School’s Certification and Agreement (for) Emergency Financial Aid Grants to Students.

As of the 30-day Report dated June 11, 2020, the total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act is $11,647.20.

The total number of students at Jung Tao School eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to Students under Section 18004(a)(1) of the CARES Act is estimated to be 64 students.

The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 14 students.

The method used by Jung Tao School to determine which students receive Emergency Financial Aid Grant and how much they will receive under Section 18004(a)(1) of the CARES Act to best allow for a fair and equitable distribution of funds is as follows:

The Emergency Financial Relief Grant Application (see link above) was made available to students effective May 15, 2020 via e-mail and Jung Tao School website. The Department of Education Emergency Grants funds available to Jung Tao School students will be awarded on a first come first serve basis for all of those who meet the criteria outlined in the application form. These emergency funds can be used for expenses associated with education disruption due to the COVID pandemic. There is no minimum amount set for requests and a maximum amount established by the oversight committee is $1,000 per award. Students will be asked to provide receipts for any distance education related or increased clinic expenses. Justification for increased internet, phone data plan or other utility costs incurred due to COVID may require copies of past bills as compared to increased costs noted from website posted plans. A review committee will meet on the last Thursday of each month to review applications and make awards so long as funds remain. Checks for those awards will be made payable to the student and mailed from the campus by the end of each month to the official home address students have on file with the School.

Instructions, directions, or guidance were provided by Jung Tao School to students concerning the Emergency Financial Aid Grants via e-mail and Jung Tao School website and the Emergency Financial Relief Grant Application.

Tuition

Tuition for students entering Jung Tao School in August 2021 is $12,720 per academic year, payable in two installments of $6,360 each on August 1 and February 1 of each year, or $1,060 per month. Tuition and fees are evaluated each year and students will be informed by the Financial Aid Director and President of the exact amount of any increase at least ninety days before the increase takes effect.

Books and Materials

The approximate cost of required books and educational materials for the entire program is $1,425. The Registrar will provide a list of all required and recommended books and materials for each upcoming year no later than July 1st. Students are responsible for obtaining the required books and materials prior to the first day of class.

Clinic Fees

Students are required to pay the following fees for the clinical internship courses. These fees will cover required equipment and supplies for the course:

• C-400 Malpractice: $200 per year (years 2-4)
• C-400 Clinic Fee: $1,000 (year 4)

Fees are subject to change based on the current costs of materials and/or insurance rates. In the event of a change in fees, students will be informed of the exact fees due at least 90 days before the change takes effect.

Other Costs

Other costs may include expenses such as late fees, transcript fees, and course audit fees. A complete list of variable fees is located in the school’s Student Manual. Student Manual and Appendices 2019-2020 rev 6-5-19

Tuition Refunds

Tuition may be refunded to a student who is no longer enrolled in courses due to leave, withdrawal, suspension, or dismissal. A student choosing to withdraw from courses must complete a withdrawal or leave of absence form available from the Registrar. A student is enrolled until the date the Registrar receives the completed withdrawal form and grants leave, withdrawal, suspension, or dismissal.

If a student is enrolled on the first day of a month (or any day thereafter), then that month’s tuition is due, even if the student does not attend classes during that month.

Refunds are not allowed for malpractice insurance or other items or services which have been pre-ordered or pre-purchased by the school.

Students who pay out of pocket annually or biannually will be refunded tuition for prepaid months for which they are no longer enrolled.

All tuition checks will be issued within 30 days following unenrollment due to leave, withdrawal, suspension, or dismissal.

Financial Aid

Jung Tao School has been approved to participate in the U.S. Department of Education Title IV financial aid program.

NOTE: The Department of Education defines a graduate student as “a student…who is enrolled in a program above the bachelor’s level or one leading to a professional degree; and has completed the equivalent of at least three years of full-time study, either before entrance into the program or as part of it.” 34 CFR 668.2(b)

Sixty semester hours or equivalent quarter hours from a regionally accredited institution are required for entrance into the Jung Tao School acupuncture program. The Department of Education requires a student to have 72 baccalaureate level credit hours from an accredited institution in order to be eligible for financial aid. Students with less than 72 credit hours can apply the semester hours they earn at the end of the first year at JTS towards their eligibility.

Jung Tao School is eligible to administer Title IV federal student loans. All financial aid policies and procedures have been approved by the U.S. Department of Education (DOE).

Responsibilities of Students Receiving Federally Funded Financial Aid

• Complete the FAFSA and VFAO annually.
• Use your legal name, social security number, and birth date for your school application, FAFSA and VFAO.
• Keep your address and phone number updated with Jung Tao School.
• Read and respond in a timely manner to any correspondence from the Financial Aid Office.
• Inform the Jung Tao School Financial Aid Office, in writing, if you receive additional financial resources from other agencies or private sources.
• Keep your FSA User ID/Password, Student Aid Report (SAR), promissory notes, disclosure notices and other financial aid documents in a safe place.
• Make satisfactory progress towards your degree.
• Begin repayment on your loans at the end of your grace period.
• Complete all deferment and forbearance requests in a timely manner.

Financial Aid FAQ

• Financial Aid Instructions
• Campus Security Policy, Annual Report & Fire Safety Report
• Family Educational Rights and Privacy Act (FERPA) (PDF)
• Financial Aid Penalties for Drug Law Violations (PDF)
• Gainful-Employment-Report-2020

Financial Aid Helpful Links & Resources

College Navigator – Jung Tao School Consumer Information

Financial Aid Calculator – The Financial Aid calculator computes an estimate of the amount of your monthly payment for Title IV loans. Currently, the Stafford loans have a fixed interest rate of 4.30%, and the Grad Plus loans have a fixed interest rate of 5.3%.

Financial Aid Information – A guide to financial aid.

National Student Loan Database – The NSLDS is a U.S. Department of Education central database for student financial aid. It receives data from schools, guaranty agencies, and Department of Education Title IV loan programs, and provides access to this information for recipients of Title IV aid.

FAFSA – Complete your Free Application for Federal Student Aid (FAFSA)

Campus Ivy student portal – Complete your Campus Ivy student initiated process.

Code of Conduct – Title IV

As required by the Higher Education Opportunity Act that conditions the eligibility of educational institutions to participate in Title IV financial aid programs, Jung Tao School of Classical Chinese Medicine establishes the following Code of Conduct. The Institution and its officers and employees are required to comply with the following Code of Conduct.

• Jung Tao School and its officers, or employee(s) of the Financial Aid Office shall neither solicit nor receive gifts from any lender or loan servicer. The term “gift” means any gratuity, favor, discount, entertainment or any other item of significant monetary value.
• No officer or employee(s) of Jung Tao’s Office of Financial Aid or any employee or agent who has responsibilities with respect to educational loans shall accept any fee, payment, or other financial benefit as compensation from any lender or lender affiliate for any type of consulting arrangement or other contract to provide services to or on behalf of a lender relating to educational loans.
• No officer or employee(s) of Jung Tao’s Office of Financial Aid, or any employee or agent who otherwise has responsibilities with respect to educational loans, and who serves on an advisory board, commission, or group established by a lender, guarantor, or group of lenders or guarantors will receive anything of value from the lender or group except for reimbursement of reasonable expenses incurred by serving on the board, commission, or group.

If you have questions, please email finaid@jungtao.edu.