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Federal Financial Assistance
The Sarasota School of Massage Therapy is nationally accredited and is approved by the US Department of Education to administer Title IV funds. Qualifying students may be able to secure grants and/or loans. The SSMT DIrector of FInancial Aid, Sande Triponey, is available to assist you with the process of applying for federal aid. She can be reached by phone at 941-957-0577, toll-free at 877-613-7768, or by email at aid@SarasotaSchoolOfMassageTherapy.edu.
SSMT Need-based Scholarship
SSMT offers partial tuition credits to students with demonstrated financial need. Interested students may contact the Director of Financial Aid.
Interest-Free Payment Plan
The cost of school may be divided into monthly payments, without interest, during the period of enrollment at SSMT. Payment options can be discussed with the admissions office.
IRS Tax Credits
There are two tax credits that students (or their parents) may be eligible to claim. Both are detailed in IRS Publication 970. The Lifetime Learning Credit allows a reduction in tax liability equal to 20% of qualifed educational expenses (SSMT tuition, books and application fee). The American Opportunity tax credit will offer students a larger tax credit for 2009 when filing a tax return early next year; up to $2,500 compared to the $2,000 maximum received by students in 2008. Even students who have no income and pay no income tax this year can still qualify for a $1,000 credit. A tax credit is a direct reduction in your tax - a refund if your taxes are all paid. The vast majority of SSMT students will qualify for a credit of $1,000-$2,500. Both credits have income limits and other conditions. See IRS Publication 970 and consult your accountant for details.
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