Financial Information

Cancellation & Refund Policy

1. If the Applicant wishes to cancel enrollment they may do so orally or in writing, within 5 days of the date they signed the Enrollment Agreement,
2. In the event of cancellation, a full refund of any money the Applicant paid the school will be refunded within 30 days.
3. Applicants to residential or hybrid programs who have not visited the school prior to enrollment will have the opportunity to cancel enrollment without penalty (receive a refund of all money paid) within five (5) business days following either the regularly scheduled orientation procedures or following a tour of the school facilities and inspection of equipment where training and services are provided.

Tuition for the program is as stated on the Enrollment Agreement and there will be no increase in the tuition rates after completion of the Enrollment Agreement. If during the first seven days of the first term, the student withdraws or is dismissed for any reason after starting classes, 100% of the books and supplies charge (Materials Fee) will be refunded when all items received are returned. Books and supplies are non-returnable and non-refundable after this time period.

If the student withdraws or is dismissed for any reason after starting classes but before completion of the term, the Student’s enrollment is terminated and the applicable schedule below is used to determine the tuition and fees refund amount. Under the pro-rata term tuition refund schedule, the school retains a pro-rata percentage of tuition up through 60% of the term (based on the number of weeks the Student has been in attendance that term) and refunds the remainder. No portion of the term’s tuition or fees is refunded after the Student has completed 60% of the term. The refund computation is based on the last date of actual attendance.

(Note: The “First Term Refund Schedule” applies only to the first period of enrollment.

Students who withdraw or are dismissed and then restart or reenroll are considered to be in their “Second through Last Term” of enrollment.)

See the Addenda for the Refund Calculation for the EFDA program .

Refund Computations for all programs except EFDA (First Term):

Refund Computations for all programs except EFDA (Second through final terms):

This Refund Policy is used to calculate the refund of institutional charges. Any refund of institutional charges is credited to the student’s account within 30 days of determining the student is no longer enrolled. Students who receive federal student aid are also subject to the Federal Return to Title IV (R2T4) Policy. This separate Return of Title IV Funds calculation is performed to determine the amount of federal aid that must be returned to the federal government by the school and the student. This policy calculates the amount of federal financial assistance the Student has earned based on the percentage of the term (or payment period) the student completed up to the 60% point in time.

See the Federal Return to Title IV (R2T4) Policy in the catalog for information on calculating federal refunds when a student withdraws or is dismissed. Returning funds (within 45 days of determination) as required by this policy could result in the student owing a balance to the school. Unearned TA funds are refunded on the same proportional basis through at least the 60 percent portion of the period for which the funds were provided as is used for Title IV funds.

Students are responsible for the portion of the term’s tuition charge remaining after the tuition refund is credited, the applicable portion of the Technology and Materials Fees and any fees (e.g. NSF bank fees) which they have incurred. Student payments, earned federal student aid, and other funding sources are first used to satisfy these outstanding charges before any refund is issued.

If the student’s total payments are more than the total amount owed, the excess will be refunded within 30 days of the date of determination of the student’s withdrawal or dismissal. (The “Date of Determination” is the date of dismissal, or date the student notified the school of their withdrawal or 14 days after the last date of attendance if no notification of withdrawal was provided by the student.) Institutional refunds are made to payment sources in the following order: institutional loans and grants, Nutmeg loans, Direct Unsubsidized Loans, Direct Subsidized Loans, PLUS Loans, Private Education Loans, Agency Sponsorship, Pell Grants, FSEOG, other grants or scholarships, and the Student.

If the student’s total payments are less than the total amount owed, he/she is responsible for paying the balance. (“Student’s total payments” means all funds from all sources credited to the student’s account minus any funds returned to the federal student aid programs under the R2T4 calculation.) This amount is payable in full at the time of termination, unless the Student has arranged for installments. Six-percent annual interest applies to any money owed the school that is not collected within sixty days of the student’s last day of attendance. If the Student fails to make payment, the school will take the legal action necessary to collect the money due, and the student will be responsible for payment of any attorney ‘s fees or other costs incurred by the school in collecting the money owed to it by the student. The student’s performance in satisfying any obligation owed to the school may be reported to one or more credit bureaus.

Federal Return of Title IV Funds Policy

A student must contact the Registrar, Program Director, or Program Coordinator to officially withdraw from YTI. If a student withdraws or is dismissed from YTI, YTI and/ or the student may be required to return a portion of the federal financial aid received.

If a student leaves YTI prior to completing 60% of a payment period (quarter), YTI recalculates the student’s eligibility for Title IV funds. Recalculation is based on “the percentage of aid that has been earned” using the Federal Return to Title IV Funds (R2T4) formula. This formula basically calls for proration of aid based on the time the student attended school. The last day of recorded attendance is the withdrawal date for this calculation. Once a student completes 60% of a term, all Title IV funds are earned, and no R2T4 calculation is required.

In the R2T4 formula, the percentage of the payment period completed is equal to the number of days completed in the quarter (up to the withdrawal date) divided by the total days in the quarter. Any break of five days or more is not counted as part of the days in the payment period. This percentage of the payment period completed is equal to the percentage of aid that has been earned. If the student earned less federal aid than the aid that was disbursed, YTI would be required to return a portion of the funds to the Federal government. The portion of funds the YTI would be required to return is equal to the lesser of: 1) institutional charges multiplied by the unearned percentage of the student’s federal funds, or 2) the entire amount of unearned funds. Funds which YTI is required to return will be restored to the Title IV programs in the following order:

1. Unsubsidized Direct Loans
2. Subsidized Direct Loans
3. Direct PLUS Loans
4. Federal Pell Grants
5. Federal Supplemental Educational Opportunity Grants (FSEOG)
6. Other Federal Aid Programs

Unearned federal aid is returned within 30 calendar days of the date YTI is aware the student is no longer enrolled.

If the student received some Title IV funds as a stipend for living expenses, the student may be required to return a portion of the funds, in addition to what the school returns. Students will repay any loan funds required to be returned according to the terms of the promissory note. The amount of grant overpayment due from the student is limited to the amount by which the original grant overpayment amount exceeds half of the total Title IV grant funds which were disbursed or could have been disbursed. If possible, YTI will return grant overpayments on the student’s behalf. If the student is required to return federal grant aid, the student is considered to be in overpayment and thus ineligible for any additional federal aid until that amount is repaid. YTI will notify a student who owes an overpayment within thirty days of determining the student withdrew.

If the student earned more federal aid than was disbursed, the student may be entitled to a post-withdrawal disbursement (PWD). Any grant PWD will be credited directly to the student’s account to pay any outstanding charges; any remaining amount will be offered to the student or parent borrower. But if the post-withdrawal disbursement consists of loan funds, students must accept or decline those funds. (It may be in the student’s best interest to decline the funds, if they do not wish to incur additional debt.)

There are some FSA funds that a student might be scheduled to receive that they cannot earn because of eligibility requirements. For instance, if a first-time borrower, and has not completed the first 30 days of their program (before withdrawing) they will not earn any of the Direct Loan funds which they would have received if they had remained in school past the 30th day of the quarter.

Keep in mind that the requirements for returning FSA program funds (when you withdraw) are separate from the YTI refund policy. Also, funds will be returned to other financial aid programs in accordance with the funding source’s refund policies or YTI’s refund policy, whichever applies.

The Educational Funding office can research any questions you have and provide you with requirements and procedures to officially withdraw from school. A withdrawn or dismissed student receives a written notice of any loan funds returned by YTI and an invoice for any balance owed to YTI.

Copies of this policy, and examples of R2T4 calculations, are available from the campus Educational Funding office.

Educational Funding (Financial Aid)

While the primary responsibility of paying for an education rests with the student and his or her family, the Educational Funding office at YTI is dedicated to making the cost of education more affordable for students who might not otherwise be able to attend.

Financial assistance comes from many sources - federal and state governments, private organizations, and YTI. Financial assistance may include scholarships, grants, work- study employment or loans. Most financial assistance is awarded based on the student’s financial need.

All new students are referred to www.studentaid.gov and www.finaid.org, informational websites that detail the key questions to ask when choosing a school and the typical issues surrounding transferability of credit and the student protection website.

How to Apply for Federal Financial Aid

Students must complete the Free Application for Federal Student Aid (FAFSA). Data from the FAFSA is used in a formula established by the U.S. Congress to determine the student’s Student Aid Index(SAI) and, ultimately, financial need.

Based on EFC, YTI creates a financial aid package to assist students in meeting the cost of their education.

Application Tips:

• Complete, sign, and return applications and paperwork in a timely manner.
• Gather applicable tax returns and other income documents before beginning the application process.
• Contact YTI’s Educational Funding Specialists for guidance on completing all financial aid applications and paperwork.

Financial Assistance Programs:

Grants & Scholarship Programs

Grant and scholarship funds are gift aid and do not need to be repaid. Scholarships are generally awarded based on merit. Grants are typically awarded based on financial need, school costs, and the student’s enrollment status.

Federal Pell Grant

• Maximum award for 2025-26 is $7,395
• Minimum award for 2025-26 is $740
• Grant amounts are determined by the federal government based on the Student Aid Index (SAI) and other student specific data.

Federal Supplemental Educational Opportunity Grant (FSEOG)

• Maximum award for 2025-26 is $1200
• Recipients must be receiving a Pell grant, and priority is given to those students with the with an SAI of (-1500) - 0.
• FSEOG funds are limited, and are awarded on a first come, first serve basis until the funds are exhausted.

Pennsylvania Higher Education Assistance Agency (PA) Grant

(ONLY available for some 21-month programs):

• Maximum award for 2025-26 is $5,750.
• Grant amounts are determined by the Commonwealth of Pennsylvania based on financial need.
• Available only to residents of Pennsylvania.
• Separate forms are required to be submitted to PHEAA in accordance with PA State Grant deadlines.

Pennsylvania Higher Education Assistance Agency PA TIP Program (Targeted Industry Program)

(ONLY available for certain diploma programs):

• Maximum award for 2025-26 is $5,750
• Grant amounts are determined by the Commonwealth of Pennsylvania based on financial need.
• Available only to residents of Pennsylvania.
• Separate form is required to be submitted to PHEAA in accordance with PA TIP deadlines.

Imagine America Scholarships

YTI (Lancaster and York) participate in the Imagine America scholarship program. In 2025-26 this constitutes the Imagine America High School Scholarship for graduating high school students, Military Award Program for current and former military, and Adult Skills Education Program for adults returning to school. Details are available on our website and from the Admissions and Educational Funding offices.

Scholarships - YTI Career Institute-Lancaster

YTI offers Beacon scholarships to high school seniors that have applied for any program offered at YTI Career Institute- Lancaster.

Scholarships increments include:

• one full (100%) tuition scholarships
• two half (50%) tuition scholarships
• five quarter (25%) tuition scholarships

Interested candidates write an essay on why they have chosen their particular career path. A scholarship committee will determine the scholarship recipients.

Scholarships - YTI Career Institute-York

YTI offers Beacon scholarships to high school seniors that have applied for any program offered at YTI Career Institute-York.

Scholarships increments include:

• one full (100%) tuition scholarships
• two half (50%) tuition scholarships
• five quarter (25%) tuition scholarships

Interested candidates write an essay on why they have chosen their particular career path. A scholarship committee will determine the scholarship recipients.

YTI Career Institute-York also offers two half (50%) tuition Trades Scholarships to high school seniors that have applied for any of the trades program offered at YTI Career Institute- York. Interested candidates write an essay on why they have chosen their particular career path. A scholarship committee will determine the scholarship recipients.

William D. Ford Federal Direct Loan Program

Federal loan funds must be repaid. If eligible, both the student and parent can borrow loan funds. While some loans are need-based, others are not, and can be awarded to otherwise eligible borrows regardless of income.

To be considered for Federal Direct Loans or Federal Direct PLUS Loans you must complete the Free Application for Federal Student Aid (FAFSA).

Federal Direct Subsidized Loan

Federal Direct Subsidized Loans are based on financial need as well as annual and aggregate loan limits. This type of federal self-help aid must be repaid with interest. To be eligible, students must be attending at least half-time, meet all basic federal eligibility criteria, have demonstrated financial need and must not be in default on any prior federal student loans or owe a repayment on a federal grant. The interest rate for Federal Direct Subsidized Loans is fixed and for new loans disbursed between July 1, 2025 and June 30, 2026, the interest rate is 6.36%. The U.S. Department of Education pays the interest.

While a borrower is in school and during eligible periods of deferment. Borrowers are responsible for interest that begins to accrue during the grace period of the loan.

Borrowers may, but are not required to make interest payments during the grace period however any unpaid interest will be added (capitalized) to the principal amount of the loan when the grace period ends. Repayment on the loan begins six months after graduation or when the student ceases to be enrolled at least half time.

• Available to eligible student borrowers with financial need.
• Maximum annual award for a first year student is $3,500.
• Maximum annual award for a second year student is $4,500.
• Maximum annual award for a third year student is $5,500.

Federal Direct Unsubsidized Loan

Federal Direct Unsubsidized Loans are based upon annual and aggregate loan limits and financial need is not required. To be eligible, students must be attending at least halftime, meet all basic federal eligibility criteria, and not be in default on any prior federal student loans or owe a repayment on a federal grant. This type of federal self-help aid must be repaid with interest, which begins to accrue upon the first disbursement of the loan. The interest rate for Unsubsidized Federal Direct Loans is fixed and for new loans disbursed between July 1, 2025 and June 30, 2026, the interest rate is 6.36% and the borrower is responsible for all accrued interest. Borrowers may, but are not required to make interest payments while in school or during the grace period. However, any unpaid interest will be added (capitalized) to the principal amount of the loan when the grace period ends. Repayment on the loan begins six months after graduation or when the student ceases to be enrolled at least half time. In addition to the annual unsubsidized loan awards listed below, a student who did not have enough financial need to qualify for the annual subsidized award limit in the preceding paragraph can borrow that amount as an unsubsidized loan.

• Available to all eligible student borrowers.
• Maximum annual award for a first year, dependent student is $2,000.
• Maximum annual award for a first year independent student or a dependent student whose parent has been denied a PLUS Loan is $6,000.
• Maximum annual award for a second year, dependent student is $2,000.
• Maximum annual award for a second year independent student or a dependent student whose parent has been denied a PLUS Loan is $6,000.
• Maximum annual award for a third year, dependent student is $2,000.
• Maximum annual award for a third year independent student or a dependent student whose parent has been denied a PLUS Loan is $7,000.

Federal Direct PLUS Loan

The Federal Direct PLUS loan is a source of loan funding for the parent to borrow on behalf of their dependent students. This is a loan that must be repaid. Financial need is not required, but an acceptable credit history is, and this loan is unsubsidized. The interest rate is fixed and for new PLUS loans disbursed between July 1, 2025 and June 30, 2026 the interest rate is 8.91% and the Parent Borrower is responsible for all interest accrued on the loan. The repayment period for a Direct PLUS Loan begins at the time the PLUS loan is fully disbursed by YTI to the student’s account, and the first payment is due within 60 days after the final disbursement. However, the parent borrower may opt to defer beginning repayment until their student graduates or leaves school.

Eligible students must:

• meet all basic federal eligibility criteria
• be enrolled at least half time
• not be in default on any prior federal student loans or owe a repayment on a federal grant

Eligible parents:

• Must be US citizens or permanent residents
• Must not be in default on a federal student loan
• Must have an acceptable credit history

The maximum amount that the parent may borrow under the Federal PLUS loan program, is Cost of Attendance minus any other aid (scholarships, grants, loans, waivers, etc.) received by the student.

Master Promissory Note

All student and parent borrowers must sign a Master Promissory Note (MPN). By completing and signing the MPN, the borrower is promising to repay all student loans made under the note. An MPN expires ten years after the note is signed, so most YTI student and parent borrowers will need to sign only one MPN for all federal loans received for attendance at YTI. An MPN is revoked if a disbursement is not made within one year of the MPN being signed.

Federal Student Loan Entrance Counseling

To help learn how to manage educational expenses, before receiving a student loan, borrowers must complete an entrance counseling session. The quick and easy interactive counseling session from the federal government provides useful tips and tools to help you develop a budget for managing your educational expenses and helps you to understand your loan responsibilities. Visit www.studentaid.gov for more information about student loans and to complete Entrance Counseling.

Federal Student Loan Exit Counseling

The federal government wants students to understand their rights, responsibilities, and service obligations in regard to their student loans.

Prior to graduating or leaving school, Federal Direct Loan borrowers must complete exit counseling. Exit counseling is available on www.studentaid.gov or by meeting with an Educational Funding Specialist. Direct Loan Counseling will explain your rights and responsibilities as a Direct Loan borrower.

Federal Work-Study Programs

YTI is currently not participating in this Title IV program.

Other Sources of Assistance

There are many other sources of financial assistance available to students who meet specific eligibility criteria. Sources vary from year to year depending on the sponsor organization or agency. Credit based private education loans, including the PA Forward loans through PHEAA and the Nutmeg Education Loan, are also an option. YTI can provide the Private Education Loan Applicant Self-Certification form upon request.

Additional information is available from YTI’s Educational Funding Specialists.

Agency Funded Students

Students eligible for agency funding should be aware of and understand the requirements of complying with agency and YTI’s policy regarding attendance and academic requirements in order to receive and maintain funding. Additional information can be obtained through the YTI Educational Funding Office or through the agency.

Veterans

Students eligible for Veterans educational benefits should be aware of and understand the necessity of complying with all school policies regarding attendance and academic achievement in order to continue receiving benefits. “GI Bill®” is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Website at https://benefits.va.gov/gibill/

Cost of Attendance

A key component in determining a student’s financial need is the Cost of Attendance. For federal student aid purposes, postsecondary institutions must estimate a student’s total cost of attending the institution for a specified period of time, as established by law. The Cost of Attendance budget is set by YTI and includes direct costs (tuition and fees - with books and supplies included in the fees) and indirect costs (an allowance for room and board, transportation, dependent care (if applicable); disability related expenses (if applicable), and some miscellaneous personal expenses). Budgets are created for different categories of students based on program of study and living arrangements. Below is YTI’s estimate of a student’s cost of attendance, including estimated living expenses, for all programs at all campuses:

Definition of an Academic Year

YTI defines an academic year as one which contains a minimum of 30 weeks of instructional time (three 10-week quarters). The academic year requires that, during such minimum period of instruction, a full-time student is expected to complete at least 36 quarter credits. Full-time attendance is 12 or more credits, three-quarter time attendance is 9-11 credits, Half- time attendance is 6-8 credits; and less than half-time attendance is less than 6 credits per quarter. For awarding aid in diploma programs, enrollment in federal credit hours is used.

Grade Level Progression

A student’s grade level is used to determine loan eligibility and is based on the number of credits the student has earned. The following chart is used to determine grade level progression:

First Year Loan Eligibility 0-36 credits earned
Second Year Loan Eligibility 37-72 credits earned
Third Year Loan Eligibility 73 or more credits earned

Tuition Charge for Repeat Courses

A student shall be granted one free attempt of a failed course as long as there is no break in enrollment. If student should fail the course again, student will be charged for the credits for the third attempt. Repeat charges will be calculated as follows: total tuition of the program as per the enrollment agreement divided by the total credits of the program times the number of credits for the repeated course.

No course may be attempted more than three times.

Students will be responsible for any additional books and supply charges associated with a course repeat.

Financial Progress

Students must satisfy all financial obligations to YTI prior to the last day of the term. It is expected that the student will comply by providing all necessary requested information and/ or forms. Also, if monthly payments are budgeted, they are to be submitted on or before the statement due date to maintain satisfactory financial progress.

If a student fails to meet his or her financial obligations, he or she will receive a warning. If the financial situation is not satisfied, the student will be placed on Financial Probation. This could include suspension of the student’s access to Canvas, the school’s Learning Management System (LMS) and removal from on-campus labs. Should the terms and conditions of the probation not be met by the suspension deadline, the student will be dismissed. The student may appeal his or her dismissal by submitting a written request to the Financial Appeals Board.

Veteran’s Benefits and Transition Act of 2018

YTI will not impose any penalty, including the assessment of late fees, the denial of access to classes, libraries, or other institutional facilities, or the requirement that a covered individual* borrow additional funds, on any covered individual because of the individual’s inability to meet his or her financial obligations to the institution due to the delayed disbursement funding from VA under chapter 31 or 33.

*A Covered Individual is any individual who is entitled to educational assistance under chapter 31, Vocational Rehabilitation and Employment, or chapter 33, Post-9/11 GI Bill® benefits.

Covered individuals are permitted to attend or participate in the course of education during the period beginning on the date on which the individual provides to the educational institution a certificate of eligibility for entitlement to educational assistance under chapter 31 or 33. A “certificate of eligibility” can also include a “Statement of Benefits” obtained from the Department of Veterans Affairs’ (VA) website - eBenefits, or a VAF 28-1905 form for chapter 31 authorization purposes) and ending on the earlier of the following dates:

• The date on which payment from VA is made to the institution.
• 90 days after the date the institution certified tuition and fees following the receipt of the certificate of eligibility.