Financial | Jung Tao School of Classical Chinese Medicine

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

Tuition

Tuition for students entering Jung Tao School in August 2020 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 $1,200. 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.

Scholarships

The Financial Aid Director will provide students with information on scholarships as it comes available. Some of the scholarships available to Jung Tao students are:

Other resources:

Jung Tao School does not offer grant assistance. Follow the links to find what grants you may qualify for in your state.

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 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 6.6%, and the Grad Plus loans have a fixed interest rate of 7.6%.

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)

VFAO – Complete your Virtual Financial Aid Office (VFAO) interview.

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.