Financial Aid Assistance
Get Started with FAFSA
FAFSA, the acronym for Free Application for Federal Student Aid, is the application used by nearly all educational facilities to determine eligibility for federal, state, and college-sponsored financial aid, including grants, and educational loans.
Visit FAFSA to determine your eligibility NOW! [ICDC School Code: 033953]
Veterans Educational Benefits
ICDC College Online is proud to support the brave men and women of our Armed Services. ICDC College is an approved "Institute of Higher Learning" (IHL), and as such, is able to provide the opportunity for eligible Reservists (Chapters 1606 and 1607), Active and Veteran students (Chapters 30, 31, 33), their spouses and dependents (Chapter 35) the opportunities to utilize Veteran's Administration Educational Benefits, by furthering their education endeavors through these tuition assistance programs. In addition, ICDC College is an approved participant in the "Yellow Ribbon" Veteran's Tuition Assistance Program and the "MyCAA" Tuition Assistance for Military Spouses Program. For more information about these tuition assistance programs, visit the Veteran's Administration web site at www.gibill.va.gov for more information.
State and Private Assistance
Applicants may also qualify for tuition and other financial assistance through various public and private training or re-training agencies.
These agencies include:
- California Department of Rehabilitation
- Private Rehabilitation Agencies and Insurance Companies
- The GAIN program
- The State Employment Development Department (EDD)
Unemployment Tuition Benefits
- Trade Readjustment Act
All public and private agencies have certain requirements for eligibility. Tuition assistance is also available through private lending institutions. For more information, contact the school Financial Aid Office.
Federal Assistance
ICDC College participates in the following U.S. Department of Education's Title IV Financial Aid Programs:
- Federal Pell Grant
- The Federal PELL Grant program provides foundational assistance to all students to which other forms of aid may be added. Eligibility for the Federal PELL Grant Program is based on a student’s financial need and determined by a standard budget that is revised and approved every year by the federal government. Unlike loans, grants do not have to be paid back.
- Federal Subsidized Stafford Loan
- Federal Subsidized Stafford Loans are available to students with financial need. Students may borrow up to $3,500 for their first academic year, and $4,500 for their second academic year, at a fixed interest rate of 6.0 percent (established annually by the US Department of Education). The interest is paid by the federal government while students are in school and for six months after students cease their enrollment. Regular payments begin six months after students cease enrollment or fail to carry at least one-half the normal full-time school workload.
- Federal Unsubsidized Stafford Loan
- Unsubsidized Stafford Loan programs are available for students to borrow for additional education costs. Students can borrow up to $9,500 for their first academic year as a combined total with the Federal Subsidized Stafford loan, and up to $10,500 for their second academic year, at a fixed interest rate of 6.8% (established annually by the US Department of Education). With the exception of demonstrating financial need, borrowers must meet all eligibility criteria of the Federal Subsidized Stafford Loan program. Interest payments begin immediately after the loan is disbursed or may be capitalized and added to the principal balance. Regular payments begin six months after students cease enrollment or fail to carry at least one-half the normal full-time school workload.
- Federal PLUS Loan
- Federal Parent Loan for Undergraduate Students provides additional funds for credit-worthy parents to help pay for student educational expenses. The interest rates are fixed at 8.5 percent (established annually by the US Department of Education) and repayment begins after the first disbursement. Federal PLUS loans may be obtained from lenders that participate in the Federal Family Education Loan programs.
- Federal Supplemental Educational Opportunity Grants
- Federal Supplemental Educational Opportunity Grants are available to a limited number of students with exceptional financial need. Grants are based on available funds and do not have to be repaid. Need is determined by the financial resources of the student and parents along with the cost of attending school.
- Federal ACG/SMART Grant
The Academic Competitiveness Grant (ACG) is a federal need- and merit-based grant that was established by the Department of Education to encourage rigorous academic study in high school. A student may only receive two ACG awards, one for the first and one for the second academic year of undergraduate study. The grant provides a maximum of up to $750 for the first year and up to $1,300 for the second year.
The SMART Grant is a Federal need- and merit-based grant that was established by the Department of Education to encourage enrollment in specific college majors. These majors include physical, life, and computer sciences; engineering; technology; mathematics; and certain foreign languages. Most students receive only two SMART Grant awards, one for the third and one for the fourth academic year of their first Bachelor's degree, unless the student in an eligible five year program. Those students may receive three SMART Grants. The grant provides a maximum of up to $4,000 for each eligible year.
Applications and additional information may be obtained from the Financial Aid Office.