FINANCIAL SERVICES

PMCI understands that students need a wide range of financial tools to fund school. Initially, each student is required to select a payment option per the enrollment agreement established for each class. Based on the option selected, PMCI assists in educating students regarding funding sources provided internally and externally. Some payment options require a Personal Guarantee and Authorization Forms and include a balloon payment before graduation. Details on these financial options can be found in the school catalog (which is found under the Disclosures page on this website).

PMCI offers a variety of scholarships and discounts for the VN Program. A 5% discount is taken off of regular tuition costs when a student pays in full for the LVN Program before the end of the first full month of class or pays for the CNA Program in full before the end of the second week of class. This date is identified and coordinated with PMCI’s Finance Office based on the payment option the student chooses per the enrollment agreement. 

PMCI Scholarship applications will be available once a student has been accepted into the nursing program. Scholarships are awarded to LVN students in the form of tuition reduction per semester. For example, if a student receives a $2000 scholarship and is enrolled in a full four semester LVN program $500 will be applied to each semester. Specific PMCI Scholarship information can be found in the school catalog located under the Disclosures page on this website. 

Students are also encouraged to visit the California Department of Health Care Access and Information website: https://hcai.ca.gov/ for information regarding state funded scholarships. 

All awards and in-house scholarships are contingent upon a student completing the program. No awards and or discounts of any type will be given for those who withdraw from a program. All discounts and scholarships will be removed if a student does not complete the program.

PMCI encourages students to seek personal loans at local banks and credit unions. However, if a student obtains a loan to pay for an educational program, the student has the responsibility to repay the full amount of the loan plus any interest, less the amount of any refund. https://apply.meritize.com/ 

Title IV is the Student Assistance code that allows students to receive Federal Aid in the form of Grants and Loans for Higher Education purposes. PMCI currently does not participate in any State or Federal financial aid program. For qualified students, the Workforce Investment Act, Cal Works, the Department of Rehabilitation and the VA will provide financial assistance since PMCI is a provider for these governmental aide programs.

The following is a list of programs that apply to education:

• Chapter 30 Montgomery G.I. Bill® – Active Duty 
• Chapter 31 Post 9/11 
• Chapter 32 Veterans Educational Assistance Program (VEAP)
• Chapter 35 Dependents and Educational Assistance (DEA) 
• Chapter 1606 Montgomery G.I. Bill® 

Selected Reserve GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). The absence of the registration symbol ® does not constitute a waiver of VA’s trademark rights in that phrase. More information about education benefits offered by VA is available at the official U.S. government website at https://benefits.va.gov/gibill/.