Financing My Education

How Will I Pay For My Education?

Gaining valuable training as a CNA, Phlebotomist or Licensed Practical Nurse opens a world of opportunity and earning potential in the healthcare industry. Unfortunately, Federal Financial aid does not cover short term healthcare programs like CNA, nor does it cover programs less than 3 years old such as our practical nursing program. Students make an investment in themselves by funding their education. The Healthcare Institute Inc wants to make this as easy as possible. Therefore, we offer the following payment options:

Option 1: Cash

The student may pay in full prior to the start of class.

Option 2: Weekly Payment Plan

For CNA and Phlebotomy programs, the student may arrange to pay in equal weekly payments for the tuition portion of their costs. Books supplies and certification must be paid upfront.

For Example:

If the student is in the 3-week CNA option, weekly payments of $450 must be made each Monday before the start of class. If the student enrolls in the 5-week option, weekly payments of $270 must be paid each Monday before the start of class. All students must be PAID IN FULL prior to starting a clinical rotation. If the balance is not settled, the student will not be able to participate in clinicals or complete the program to be approved for state certification testing.

If the student is in the 6-week Phlebotomy option, weekly payments of $245 must be made each Monday before the start of class. If the student enrolls in the 8-week option, weekly payments of $185 must be paid each Monday before the start of class. All students must be PAID IN FULL prior to starting a clinical rotation. If the balance is not settled, the student will not be able to participate in clinicals or complete the program to be approved for state certification testing.

Option 3: Tuition Financing (For Practical Nursing Program Only)

Our third party tuition servicing partner will finance students for the entire cost of the Practical Nursing program. There is no credit check required. However, these payments do report to the credit bureaus, allowing the student to build and restore credit while preparing for a new career.

Interest Rate is 7%. Student must make a down payment prior to the start of the program. Payments are made monthly for the duration of the program (Jan-Dec) and student must satisfy each trimester balance before he/she is enrolled in the subsequent trimester. Full Tuition must be satisfied before the student can graduate and sit for NCLEX.

Option 4: Tennessee Career Center / WIA

Contact them at 901-636-7955 901-636-7955

Allow 4 weeks to process tuition assistance prior to class.

You will need to attend orientation (offered every other Monday) and provide the following documents:

1. Driver’s License **Current**
2. Social Security Card
3. Birth Certificate
4. Proof of Income (Check Stub)
5. Proof of Public Assistance (SNAP, TANF, SSI)
6. Proof of Address
   (If not current on driver’s license please provide Updated Voter Registration card; Utility bill in your name, Phone bill, or Insurance)
7. Proof of Education (GED, High School Diploma, Transcripts)
8. Passing score on TABE or Proof of Silver CRC or College Degree
9. Updated Resume

WIN (Career Center) - If you are a dislocated worker, you may seek assistance through any of the following career center locations:

Option 5: Loan

You may obtain a loan for the full or partial tuition amount through our onsite lending partner:

First Metropolitan Financial Services
7237 Winchester Road
Memphis, TN 38125

(Must be currently employed with a minimum income of $1000 per month). Please bring your driver’s license, social security card, and last two pay stubs.

We can also recommend alternative lenders. Please ask admissions recruiter for more information.