Tuition Loan Calculator
See your possible monthly payment amount if approved for a loan through Tuition Options.
AESTHETICS INSTITUTE
Loan Calculator
In-House Extended Payment Plan with Interest
We have partnered with Tuition Options, a third-party loan servicing company, to offer extended payments past graduation.
Before you start adjusting the numbers below to see what your monthly estimated payment would be, please read this next text carefully:
This calculator is for illustrative purposes only and does not guarantee loan approval in general or loan approval for a specific dollar amount.
All applicants must first apply with Tuition Options to determine their eligibility for loan approval and specific loan terms and interest rates offered. Applicants are provided this option once they apply to attend a program at the Aesthetics Institute. The process to apply for the loan is sent in the official Enrollment Agreement paperwork.
The Details (you should really read these):
Loan payments start IMMEDIATELY while the student is attending the school, NOT after they have completed their program. Most payments will begin between two and four weeks after the student’s New Student Orientation date.
You cannot borrow the fees associated with either program from Tuition Options. The non-refundable Enrollment Fee must be paid in full when you submit all of your signed enrollment paperwork.
The non-refundable Kit Fee must be paid in full or financed separately through PayPal at least three weeks before your course start date.
If these fees are not paid or financed by your New Student Orientation date, your enrollment will be automatically canceled.
The MAXIMUM amount well-qualified applicants can borrow for each program, if approved by Tuition Options, is the full TUITION amount for each program below:
Masters Esthetics 2024 Tuition (minus fees): $10,750 See details here
Advanced Esthetics 2024 Tuition (minus fees): $16,900 See details here
These MAXIMUM amounts listed are what is POSSIBLE to borrow, and individual borrowers may not be approved for the maximum amount. You can apply for the maximum amount, but you may only be approved for a smaller amount.
Tuition Loan Calculator
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Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.
What You Need to Know:
The maximum loan repayment term, if approved, is 36 months of repayment, but it also must meet the monthly repayment conditions below:
No matter how much you borrow, the terms and conditions of your loan will not allow your MONTHLY loan payment to drop below $300.
For example, you cannot borrow $5000 with a 36-month loan term because the payments would be approximately $160/month. The longest loan term for someone approved to borrow $5000 would be approximately 18 months with payments at approximately $300/month, depending on their specific interest rate.
While no loan terms will be approved for monthly payments of less than $300, there are NO PENALTIES for early repayment.
Interests rate start at approximately 8.5% and go up to approximately 15% based on myriad factors, including your credit score. You will not know your exact offered loan terms, including interest rate, until you apply and your credit is checked by Tuition Options. At that time, if approved, your loan terms will include your offered interest rate, loan amount, and loan repayment duration.
You do not have to accept the approved loan terms for any reason, but you MUST apply first to see if you are approved and for the specific loan terms being offered to you.
Borrowers have the option to add a co-borrower, often referred to as a co-signer, onto their loan application if they have concerns about their loan approval prospects.
We know this is a lot of information and can be confusing, especially for someone who has never applied for a loan to finance their education.
Please feel free to set up a campus visit or call to speak with an admissions representative if you have questions about any of this process. Once you apply for enrollment into one of our programs at the school, we will walk you through the process step-by-step if you choose to apply for a loan.
This calculator is merely meant as a tool to help you see your *possible* monthly payment amounts. You can only know if you will be approved and your specific loan terms once you actually apply to attend a program at the school and then apply with Tuition Options.