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Financing Culinary School

Whether you are building your career, or attending culinary school for fun, we’ve made tuition something that can be covered easily. That’s why so many entrepreneurs attend Park City Culinary Institute! They know they’ll get value for their investment.

Most students looking for resources borrow money from friends and family. And because our tuition is so much lower than other schools, many are able to pay it back within a year.

For those of you with businesses, or planning on starting businesses, talk with your accountant about deducting culinary school on the Schedule C of your tax return. That can be a great way to reduce your out-of-pocket cost by as much as 25-40%! 

There are a few exceptions, including the GI Bill® and scholarships for students who completed ProStart or similar Foods programs in High School. More details are below.


We accept the GI Bill!® 

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 Web site at http://www.benefits.va.gov/gibill.


ProStart Scholarships 

Students who have completed two years of ProStart (or an equivalent) are given a $500 Scholarship. One year of ProStart earns a $250 Scholarship. Scholarships only apply to the Professional Certificate in the Culinary Arts, which combines both a cuisine and baking/pastry curriculum. There are no scholarships available for the shorter certificates. 

Other ProStart Scholarships:

ProStart Culinary Competition Award
Park City Culinary Institute awards a $1000 scholarship for the State winners of the Prostart Competition.


Other Scholarships:

FCCLA Culinary Competition Award
This year, three lucky winners won $500 each to attend Park City Culinary Institute. The FCCLA Culinary Competition is “A team event [that] recognizes participants enrolled in occupational culinary arts/food service training programs for their ability to work as members of a team to produce a quality meal using industrial culinary arts/food service techniques and equipment.”

Learn more about the FCCLA at: http://www.utahfccla.org/

Hungry To Lead Scholarship
The Hungry To Lead scholarship was initiated in 2014 in an effort to provide financial assistance to future leaders in the foodservice and hospitality industry. From 2014 to 2017, 10 scholarships have been awarded topping $17,000 in awards!

There are two scholarships available for the 2018 academic school year.
Top two finalists will be awarded scholarships in the following order. First place: The Hungry To Lead Scholarship ($2,500); Second place: The Leadership Recognition Award ($1,000).

Learn more at: https://www.hungrytolead.com/

RCGSE Scholarships
Drive of the Spike Scholarship Fund Application

LGBTQ Ages 21 and over – or the child of LGBTQ parents
$500 to over $1000 depending on how much money is raised that year. Scholarships are awarded each May around Memorial Day.

Apply at:

http://rcgse.org/wp-content/uploads/2016/06/Drive_of_the_Spike_Scholarship_Fund_Application.pdf

Youth Award (under 21)
While this award is offered by the oldest LGBTQ society in Utah, this award does *not* require being LGBTQ to earn a scholarship. Apply for consideration with The Royal Court of the Golden Spike Empire. $500 is available any time, all year round.

Learn more by reach out to: http://rcgse.org/


Financing School on Your Own

There are many ways to finance your education. Many students borrow from friends or family. Some employers offer tuition reimbursement programs. We take credit cards, and some credit card companies are offering zero-percent interest for the first year, so long as you make your payments on time. Read any offers carefully.

Tips for applying for a Bank Loan
• Certificate programs don’t qualify for “Student” loans, so ask about “Signature” and other loans available
• A loan secured by a house, car, or other asset will probably have a better interest rate than an “unsecured” loan 
• If you’re under 24, or don’t have enough income to qualify on your own, consider finding a Co-Signer. A Co-Signer can be a parent, friend or relative with enough income to guarantee your loan  
• If your Co-Signer lives out of town, coordinate with the bank to have your Co-Signer fax or mail their documents to the branch before your visit
• To speed up the process, start collecting paperwork you will likely need for the application, such as your last 2 pay stubs if you’ve been working, and last 2 tax returns. If you’re self employed, the bank will likely want to see 2 years of tax returns for yourself, and your business

Credit Cards

Some credit cards are offering zero-percent interest for 12-18 months right now. See if you qualify, and if so, how much credit they will give you.

For more information: Search the web for “interest free credit card” or check a popular link on Google- https://www.creditcards.com/zero-interest/

 


Tax Deductions

If you own, or plan to own your own business, ask your accountant about deducting Culinary Training

You may be able to save money on school if you are eligible for a tax deduction. Business owners are often able to deduct training for themselves and their staff if the training qualifies as a business expense. Even if you haven’t started your business yet, or only have a few hundred dollars of income from catering gigs, you may still be eligible to deduct Culinary School on the Schedule C of your tax return. This can sometimes reduce taxes from your job, or the job of your spouse. Don’t rely on this, we aren’t tax advisers – Talk with your accountant to see if you are eligible. 



For additional assistance:

Park City Culinary Institute
(801) 413-2800

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