Financial Aid

EMTP understands that paying for an education can be a challenging task.  We are understanding of this and are willing to help where possible.

To help finance your education we have 2 options available to you; Career Training Loans and "In House" Financing. 

Career Training Loans

Career Training loans is a term used for "Private" student loans provided by various banks.

These loans are generally considered to be unsecured personal loans or signature loans.  The difference between the two is that Career Training loans are used specifically for educational purposes.  They generally require proof that you are attending an educational facility with a state approved curriculum.

Career training loans allow you borrow money not only the amount need to but additional money need to attend the school such as books and equipment.  Usually the minimum amount borrowed for these loans is $1,500.

Qualifying for a Career Training loan is different that a traditional student loan.  Traditional student loans are guaranteed by the Federal Government and that guarantee protects the banks offering the student loans against default.  Career Training loans have no such guarantee and loans are given based on each lenders credit qualifications.

If approved, these loans typical are given at the Prime Market Interest rate plus a percentage based on your credit score.

Repayment of these loans begins, usually, the month after your receive your disbursement.  Some lenders will allow you to either pay the interest on the loan until you graduate the class or defer the payment.

Although many banks offer "Private" student loans, EMTP has been using Sallie Mae as our preferred Career Training Loan provider.

If you would like more information concerning a Career Training Loan, please contact us and we will be happy to answer your questions.

 

"In House" Financing

While EMTP is not in the business of providing loans; we are in the business of training Healthcare providers.  Being Healthcare providers ourselves, we view our students as our own brothers and sisters and want to help them in anyway possible.

One way that we can help our students is to offer flexible payment schedules.  Typically we ask that the student make a down payment and agrees to make payments for the balance.

Down payments and the remaining payments are based on the course; however, the balance must be paid prior to the end of class.

Please contact us if you have any questions concerning our "In House" Financing program.