FINANCE POLICY

Tuition and Fees Payment Policy:

Tuition and fees must be paid in full by the first day of class, unless a payment arrangement has been made in advance with the Director of Admissions & Registration, College Director, Vice President, or the President of MedNoc Training College. A payment arrangement constitutes a legally binding contract that requires both the student and an MTC official to execute a written Financial Payment Plan Agreement as part of the Enrollment Agreement.

For any payment arrangement, including delays in paying the required down payment, the student must adhere to the following:

1. Pay a down payment amount that varies depending on the length of the program, or
2. Have already executed a payment arrangement agreement.

Terms and Conditions:

1. Payment Method: Payments are accepted via credit card, debit card, bank transfer, cashier’s check, money order, or personal check.
2. Transaction Fee: A 4.0% processing transaction fee shall be added to each Payment made by a credit or debit card. For ACH Bank Payments, a 2.0% processing fee shall be added.
3. Returned Payment: A returned payment fee of $50.00 shall be applied to each returned Payment.
4. Late Payments: A fee of $ 50.00 shall be applied for each Payment received more than seven (7) days after the due date.
5. Default: If the Payment is not made within thirty (30) days of the due date, the Student shall be considered delinquent after the thirtieth (30^th) day. MedNoc Training College reserves the right to take appropriate actions, including but not limited to dismissal from the Program, limiting the Student’s access course, withholding Program/Course Completion Certificates, Transcripts, Training Verification Forms, Training Completion Affirmation Form all academic records, and pursuing collections.
6. Delinquent Account: A twenty-one (21.0%) monthly interest rate shall be applied to a delinquent account.
7. Collections & Legal Fee: A fifty (50.0%) collection and/or Legal Fee shall be added to the total amount owed.
8.  Delinquent Account Service Fee: A one-time $ 500.00 delinquent account service fee shall be added to a delinquent account.
9. Refund Policy: Refer to the MedNoc Training College refund policy for details on eligibility and the refund process.
10. Modification: Any modifications to this payment plan must be agreed upon in writing by both the Student or the Student’s parent or Legal Guardian and MedNoc Training College.
11. Cancellation: In the event of Program/Course cancellation by MedNoc Training College, all payments made by the Student will be refunded in full as per the Refund Policy.
12. Governing Law: This agreement shall be governed by and construed in accordance with the laws of Oklahoma.
13. Jurisdiction: The jurisdiction of this contract shall be governed by Oklahoma County, Oklahoma, United States of America.

Sponsors Tuition and Fees Payment Policy:

Companies, governmental organizations, non-governmental organizations, and all other business entities sponsoring students must pay their invoice in full within five (5) days from the program start date as indicated on the Enrollment Agreement signed by the student. Students will not be eligible to take the licensing/certification exam if their account has not been paid in full.

Refund Policy:

 REFUND POLICY: MedNoc Training College Refund Policy shall be based on the Oklahoma Board of Private Vocational Schools Refund Policy Rule at OAC 565:10-11-3. Details of the School’s own definite and established refund policy for cancellations and terminations shall be documented in both the catalog and the enrollment agreement and shall, at a minimum, comply with the following requirements:

• Rejection: An applicant rejected by the School shall be entitled to a refund of all monies paid minus the $ 25.00 application fee.
• Three-Day Cancellation: All monies paid by an applicant shall be refunded if requested within three days after signing an enrollment agreement and making an initial payment.
• Other Cancellation: An applicant subsequently requesting cancellation shall be entitled to a refund of all monies paid minus a registration fee of $150.00.
• First Week: For a student terminating training after entering School and starting the course of training but within the first week, the tuition retained by the School shall not exceed 10% of the contract price of the course plus $150.00 but in no event more than $350.00.
• After First Week: For a student terminating training after one week but within the first 25% of the course, the tuition retained by the School shall be 25% of the contract price of the course plus $150.00.
• After 25%: For a student terminating training after completing over 25% but within 50% of the course, the tuition retained by the School shall be 50% of the contract price of the course plus $150.00.
• After 50%: A student completing more than 50% of the course is not entitled to a refund of any tuition.
• Special Cases: In case of student prolonged illness or accident, death in the family, jury duty, imprisonment, military deployment, or other circumstances that make it impractical to complete the course, the School shall make a settlement which is reasonable and fair to both provided the student has emailed the school verifiable documentation.
• Discontinued Class: If a class is discontinued by a school while students are still enrolled in that class, and the School is still offering training in other areas, all monies (student loan, grant, and etc.) paid the School for students enrolled in the class at the time it is discontinued shall be refunded to the entity legally entitled to the refund. A school shall have thirty (30) days to restart the class or pay the refund.
• Extra Expenses: Items of extra expense to the student such as, instructional supplies, equipment, tools, certification/licensing exam fee, clinical fee, student activities, name badge, school uniform, textbooks, binders, folders, criminal background screening fee, TB screening fee, library fee, laboratory fees, lab kits, technology fee, drug screening fee, basic life support fee, bank transaction service charges, payment plan set up fee, rentals, deposits, and all other extra charges including Enrollment service fee, admissions counselor service fee and application fee are not returnable once expended. Therefore, items listed as extra expenses are not considered in tuition refund computations provided they are separately shown in the enrollment agreement and catalog.

APPLICATION OF POLICY: A period of enrollment shall not exceed 12 months. Tuition includes application or registration fees. Refunds are to be calculated for the period(s) of enrollment.

• Period of Enrollment: For courses longer than one period of enrollment in length, the cancellation and settlement policy shall apply to the stated course price attributable to each period of enrollment.
• Course Percentage: The percentage of course completion shall be computed on the basis of the amount of time in the course as expressed in contact clock hours, contact quarter, or semester hours as listed in the catalog. If the catalog and enrollment agreement also show the course length in weeks, the refund may be computed using the number of weeks completed in lieu of contact, quarter, or semester hours.
• Issuance of Refund: Any refund due shall be paid within 60 days after cancellation or termination unless the refund is payable directly to the applicant or student, in which case it shall be paid within 30 days after cancellation or termination. Refunds shall be made via a check. Refunds shall be issued to the payer.
• Refund Computation: Students shall not be liable for periods of enrollment which they did not attend.
• Enrollment Date: The enrollment date for refund computation purposes shall be the actual date the student, parent, or legal guardian signed the Enrollment Agreement and enrolled in a program.
• Termination Date: The termination date for refund computation purposes is the last date of actual attendance by the student or the actual date the student’s enrollment was terminated and made in writing by the School to the student. MedNoc Training College shall require a written notice of cancellation or withdrawal to be emailed to info@mednoc.com. The School shall require the parent or guardian to make a cancellation or withdrawal notice in writing if the student is below the legal age. Failure to notify the School in writing, a penalty of $25.00 shall be imposed.
• Contract Price: The contract price of a course is the total amount agreed upon in the Enrollment Agreement between the student and the School.

Severability of Refund Policy: The provisions of this section are severable, and the invalidity of one shall not impair the enforceability of the remaining provisions.

Financial Assistance Policy:

MedNoc Training College strives to make education affordable and accessible through various financial assistance options. Students are encouraged to explore these opportunities if they are unable to pay tuition and fees in full before enrolling in classes. Here are the available financial assistance plans at MTC:

Payment Plan Arrangement: MTC offers a payment plan at no additional cost or interest. Tuition and fees must be paid in full by the last day of the course completion, failure to which a $ 50.00 Payment Plan Set Up Fee will be applied for defaulting on payments.

Scholarships, Promotional Offers, and Tuition Discounts: MTC offers scholarships, tuition waivers, and discounts based on merit. Students can find details about these offers on the official MTC website. Only one offer or discount may apply at a time, and the highest applicable discount will be awarded.

Oklahoma Workforce: Students are encouraged to visit their local Oklahoma workforce office to explore eligibility for financial assistance.

Indian Tribes: Eligible students belonging to Indian/Native tribes can inquire at their tribe office about available financial assistance options.

Financial Institutions: MTC has partnerships with financial institutions that may offer student loans that bear interest.

Students sponsored by external entities must sign an Academic Information Release Waiver for MTC to release academic progress reports to the sponsoring agency. Failure to maintain satisfactory academic progress may result in notification to the sponsoring entity after the first verbal warning by the instructor.

Returning Students Tuition Discounts:

Returning students who have previously completed a program with at least 50 clock hours at MTC and earned state or national certification are eligible for up to a ten percent (10%) tuition discount. However, this discount shall not exceed $100.00. Courses required either as prerequisites or as part of a program do not qualify for this discount. To qualify for the Returning Students Tuition Discount, students must be self-sponsored or sponsored by their family and must complete the program before the discount can be applied to their last payment. Practical Nursing students who have completed CNA, HHA, CMA, or other programs and are certified may only qualify for a maximum of $100.00 for the Returning Students Tuition Discount.

Scholarship Eligibility Criteria:

MTC scholarships are awarded based on the following criteria:

• Extreme financial need documented by income below federal poverty guidelines.
• Strong academic performance evidenced by transcripts with minimum grades of A’s and B’s.
• Exceptional work ethic supported by letters of recommendation.
• Alumni status with exemplary course performance and certification achievement.
• Relationship to an MTC employee (child or spouse) meeting specific tenure and conduct criteria.

Applicants must meet at least two of the above criteria and submit a 3-page essay addressing personal background, reasons for seeking the scholarship, anticipated impact on personal and community life, and a five-year plan. The Scholarship Committee reviews applications within 60 days of submission, and the President makes the final decision.

Student Referral Bonus:

Current or former students referring new enrollees to MTC can receive a $20.00 gift card per successful referral upon completion of the referred student’s training.

Company Discount:

Privately-owned businesses sponsoring five or more students in a single cohort receive a 10% tuition discount per student. This discount applies exclusively to tuition costs and excludes other fees.

Students are encouraged to refer to the MTC Student Catalog/Handbook for detailed information on financial assistance options or contact MTC directly.