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FAFSA (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, educational loans, and work-study programs.
Visit FAFSA to determine your eligibility now!
[FAFSA school code: 033953]
Federal Financial Aid Available to those Students who Qualify:
ICDC College participates in the following U.S. Department of Education’s Title IV Financial Aid Programs:
- 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 formula that is revised and approved every year by the federal government.
- Direct Subsidized Loan
- Federal Direct Subsidized 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 6.8 percent (established annually by the U.S. Department of Education). The interest is paid by the federal government while students are in school. Regular payments begin six months after students cease enrollment or fail to carry at least one-half the normal full-time school workload.
- Direct Unsubsidized Loan
- Federal Direct Unsubsidized 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 Direct Subsidized loan, and up to $10,500 for their second academic year, at a fixed interest rate of 6.8% (established annually by the U.S. Department of Education). With the exception of demonstrating financial need, borrowers must meet all eligibility criteria of the Federal Direct Subsidized 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.
Direct PLUS Loan:
- Parent Loan for Undergraduate Students (PLUS) provides additional funds for credit-worthy parents to help pay for student educational expenses. The interest rates are fixed at 7.9 percent (established annually by the US Department of Education) and repayment begins after the first disbursement.
- 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.
Applications and additional information may be obtained from ICDC College’s Financial Aid Office.
Veterans Educational Benefits
There are numerous educational benefits available for eligible veterans who qualify at ICDC College. For more information visit our dedicated veteran’s site.
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’s Financial Aid Office.