Financing

The Ranch Program at Salem recognizes that the decision to place a child out of their home in a residential treatment center is one of the most difficult decisions a family can make. In addition the cost of residential counseling is significant for a family. Many families are unable to meet the monthly obligations out of their regular income and must look elsewhere for help. Some families dip into savings or retirement funds, while other may get financial assistance from their health insurance and/or local and state governmental agencies from which they may qualify to receive assistance. Others take second mortgages on their homes, refinance their homes, borrow from their 401K plans or life insurance, or ask extended families or their church for financial support.

Key Education Resources/Key Bank also realizes that paying for a treatment center is a significant financial commitment. An Achiever Loan is available to those who qualify to help families successfully manage the costs. The Achiever Loan offers terms that best meet a family’s needs. Apply on-line at www.key.com/educate/achieverloan.

The Ranch Program also has a scholarship fund that is designed to fill in the impossible gaps after all possible resources have been exhausted. The Ranch Program does not offer full scholarships, nor is the scholarship fund large enough to fill every need for every family. These scholarships are based on verified financial need, demonstrated attempts to find additional support, and a commitment to make timely payments of the parental portion of the Financial Enrollment Agreement.