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 is made before the start of the Program with either the Vice President or Director of Admissions and Registration. A payment arrangement is a legally binding contract that requires a written Financial Agreement to be executed by the Student and MTC as part of the Enrollment Agreement.  For a payment arrangement (including any delay in paying the required down-payment), the Student must pay a down-payment in an amount that varies by Program-length, or have already executed a payment arrangement, as follows:

Interest on Unpaid Balances: If a student owes a fee balance beyond 30 days after program completion, they shall be charged a ten percent (10%) interest fee on the total balance owed. The 10% interest charge shall recur every month on the balance owed, including the added unpaid interest fees incurred monthly until both the fees and the interest fees are paid in full. A student account not paid in full, including the recurring monthly fees, shall be forwarded to collection three (3) months after the Program’s completion date in which the Student was enrolled. If the student debt is sent to collection, the Student shall be charged all the fees, including the collection cost. In the event MTC takes legal action against the Student for failure to pay; the Student shall be liable for all legal fees and court costs if the judgment is rendered in favor of MTC the college.

A student shall be deemed to have enrolled in a program of study on the date the Student or their legal Guardian signed the Enrollment Agreement. According to this Refund Policy, a student may cancel their enrollment or withdraw from a program and receive a refund. Likewise, if the Student owes the School, they shall be required to pay the balance owed within thirty (30) days after terminating their enrollment.

The Student who fails to attend the Program or the Course they enrolled in shall be deemed as “Never Attended” and withdrawn administratively by the School after 25% of the Program’s clock hours have been completed. The Refund for a “Never Attended” student shall be issued per the Refund Policy. Likewise, the Student shall be charged up to the date the School administratively withdrew them.

The Student whose signature appears on the Enrollment Agreement assumes the legal responsibility of the financial agreement if, by the time the signature was affixed, the Student was 18 years and or older.

A student who is less than eighteen (18) years of age must have a parent or their Legal Guardian sign their Enrollment Agreement. The parent or legal Guardian whose signature appears on the Enrollment Agreement assumes legal responsibility for the minor Student’s financial account and must pay all the fees and tuition as stipulated in the Agreements.

The Student who attended and received the training shall be held legally responsible for paying their tuition and fees. A student of legal age shall assume the legal responsibility if the sponsoring entity, company, or person fails to meet the obligation to pay the tuition and fees on behalf of the Student whose signature appears on the Enrollment Agreement Form on behalf of the Student. This situation arises when a student fails to comply with the sponsor’s attendance or other requirements, such as satisfactory academic performance.

Sponsors Tuition and Fees Payment Policy:

Companies, Governmental organizations, Non-government organizations, and all other business entities sponsoring students shall pay their invoice in full within Thirty days (30) from the date the sponsored student started their training. The Program Start Date is the date the Program/ Course starts as indicated on the Enrollment Agreement signed by the Student.