Financial aid is decided on a case by case basis and is based on a number of factors including a calculation of your family’s ability to pay the fees. The calculation of your family’s ability to pay considers your income, what you own (your house and other investments), what you owe (your mortgage and other debts), the size of your family, and how many family members are enrolled in tuition-charging schools or colleges.
After making allowances for basic necessities, taxes, and certain other expenses, taking into account the cost of living in our area, it estimates what portion of your remaining funds is available to pay school costs. (Note: eligibility for financial aid does not guarantee that TECx has enough financial aid available for your family.) The calculation provides the basis for a recommendation to TECx on your ability to pay. The final award determination always comes from TECx based on our school policies, practices and available budget and is not based on the ability to pay calculation alone.