1. A deposit of $1000.00 will secure a seat for Sterile Processing. Payment in full must be received before the first day of class.
2. If making payments, final payment must be made before the first day of class.
Payment Plan Option Surgical Technology
1. A deposit of $3400.00 and the pre-enrollment requirements will secure a seat for Surgical Technology. Tuition payments may be made monthly in accordance with a pre-approved payment plan.
2. Surgical Technology students on approved payment plans must maintain continuous tuition payments each month as stipulated in the pre-approved payment plan. Continuous monthly tuition payments must be in good standing in order to progress to the next term, take the final, and maintain your externship rotation.
Extern students could be removed from clinical site if payments are not in good standing. Removal from Clinical Site may result being dropped from the Program.
Payment plans for Surgical Technology course are free of interest.
SVSTI has now partnered with Meritize Platform to provide our Surgical Technology Students with financing options to fund your education. https://apply.meritize.com/?pc=20104
Late Payment Policy & Fees
1. Each late payment is subject to a $100 late fee.
2.Late payments may result in student being removed from class, pulled from Clinical Rotation, and will receive an absence (please see Attendance policy).
3.Bounced checks or declined payments are subject to a $35 fee.
Failed Term/Class
1. Failing ANY Surg Tech Term will result in a $4500 repeat fee. (One failed Term is allowed for entire Program).
2. Failing the SPD course will result in a one-time $1500 repeat fee.
3. A pre-approved SPD Externship extension may be requested with a $500 extension fee.
4. There are no Surg Tech Externship extensions.
Failure to Pay Policy
Purpose
The purpose of this policy is to define a student’s failure to pay all fees or charges to the student’s account and outline potential consequences for such action.
Policy
By registering for ANY Surgical Technology and/or Sterile Processing course, students are agreeing to financial responsibility for their account balance, including but not limited to charges for tuition, textbooks, lab fees, and all miscellaneous charges.
Failure to comply with SVSTI's payment policies may result in further collection activity by an outside collection agency or attorney. When this action occurs, students are responsible for paying all collection expenses which may exceed 50% of the original balance owed. Although every effort is made to contact a student prior to submission to a collection agency or attorney, SVSTI reserves the right to submit a student’s account for collection at any time when the student fails to remit the payment portion of the account balance.
A Student Status Change Form must be received within 3 business days for ANY status change. Please refer to the Student Handbook or Academic Catalog for policies requiring notification of ANY status change. Students are allowed ONE Program start date change. EACH Program start date change will incur an administrative change fee of $100.
SVSTI has teamed up with Meritize to offer our students a unique financing option. Meritize works with students, educators, and employers to help people excel in skills-based careers.
Meritize knows you are more than your credit score, and that is why they look at your past achievements to potentially enhance your loan options.
A few reasons why Meritize is a great option for students include:
· Fixed and variable interest rates available**
· Flexible payment options, including deferring full principal and interest payments until 3 months after you complete your training
· Customer support available 5 days a week
· 0.25% interest rate deduction once you begin full repayment on your loan, if you sign up for autopay
Checking your loan options with Meritize has never been easier. You can fill out a short application to check your loan options without impacting your credit score.
If loan options are available to you, Meritize will request your merit information to finalize your application. This could be in the form of:
· Academic Experience (Official or unofficial transcript or HSE certification)
· Military Experience (DD214)
Want to learn more? Check out their FAQ page here: https://www.meritize.com/students/faq/or give them a call at 833-MERIT-4-U. Ready to see if you qualify? Check your options here: https://apply.meritize.com/
Meritize provides students with financing options to fund your education. Check your loan options in minutes without impacting your credit score at https://apply.meritize.com
Meritize Lending, LLC, NMLS ID 1661035 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)
Meritize Financial, Inc. NMLS ID 1986399 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)
Terms and Conditions apply. Meritize branded loan products are educational loans issued by Meritize Lending, LLC**. Meritize reserves the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen, permanent resident or hold an Employment Authorization Document and meet Meritize’s underwriting requirements. If approved for a loan the actual loan amount, term, payment, and APR amount of loan that a customer qualifies for may vary based on credit determination, state law and other factors. Meritize does not warrant or guarantee any claims made herein, including, but not limited to, gaining admission to a program, concerning the quality or financial strength of any educational institution, securing funding or obtaining employment. Our final loan offer may differ as a result of the school chosen and the associated cost of tuition. Not all schools are eligible for funding. Meritize does not offer educational loans in the following states: IN, ME, ND, NV, SD, VT, WI, WV, WY, PR. All rights reserved.
**For residents of SC, loan is made by Meritize Financial, Inc.
*Variable rates are subject to change.
New Financing Option Available to Surgical Technology Students at SVSTI Students enrolled in SVSTI’s Surgical Technology Program who need tuition or financial assistance will now have access to an innovative new financing option to pay for their courses, thanks to our partnership with the Meritize platform.
The new financing option will help Surgical Technology Students finance their careers in the Surgical Technology Program.
Unlike traditional lenders that rely solely on FICO scores, and other financial records to determine whether to lend to an individual. the Meritize platform considers the full depth of an individual’s academic or military achievements to enhance credit evaluation and potentially improve loan options.
Because the new financing option considers previous academic or military experiences, merit-based financing may provide a significant source of financial and credit assistance for students who are self-financing their Surgical Technology Certificate or Degree Program(s).
Contact Admissions at Education@svsti.com or 408-883-9171 for more information about this financing option.
*SVSTI does not endorse a particular lender, nor is it affiliated with Meritize Financial, Inc. ("Meritize") or the Meritize Platform.
Meritize Lending, LLC, NMLS ID 1661035 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)
Meritize Financial, Inc. NMLS ID 1986399 (NMLS Consumer Access https://www.nmlsconsumeraccess.org/)
Terms and Conditions apply. Meritize branded loan products are educational loans issued by Meritize Lending, LLC**. Meritize reserves the right to modify or discontinue products and benefits at any time without notice. To qualify, a borrower must be a U.S. citizen, permanent resident or hold an Employment Authorization Document and meet Meritize’s underwriting requirements. If approved for a loan the actual loan amount, term, payment, and APR amount of loan that a customer qualifies for may vary based on credit determination, state law and other factors. Meritize does not warrant or guarantee any claims made herein, including, but not limited to, gaining admission to a program, concerning the quality or financial strength of any educational institution, securing funding or obtaining employment. Our final loan offer may differ as a result of the school chosen and the associated cost of tuition. Not all schools are eligible for funding. Meritize does not offer educational loans in the following states: IA, IN, KY, ME, MI, ND, NV, SD, VT, WI, WV, WY, PR. All rights reserved. **For residents of SC, loan is made by Meritize Financial, Inc.