The ICOM Office of Financial Aid understands that your education is a significant investment. We also understand that the financial aid process can be complex. Thus, we’re committed to helping you navigate the process, providing the guidance and information you need—including information on the types of aid available, how to apply for aid, debt management resources and more.
Our staff will work with you to review your individual needs. We’ll help you explore all financial aid resources and provide information to encourage smart borrowing.
Financial Aid Staff:
Director of Financial Aid: Nicole McMillin (208) 795-4286
Financial Aid Coordinator: Carlene Wallace (208) 795-4287
Mission Statement ICOM Office of Financial Aid
The Office of Financial Aid supports the ICOM mission and works to empower future physicians in understanding the financial aid process, as well as important terms and conditions. We strive to provide the most comprehensive, consistent, and up-to-date information through advising and assisting students in understanding their rights, responsibilities, and options. We are student focused and recognize that the continued success of our students in and out of the classroom is a critical part of reaching graduation and entering into residency and practice.
ICOM Philosophy of Financial Assistance
The administration of financial aid programs at ICOM is designed to complement and serve the educational programs of the institution and to facilitate student access to medical education. The services provided by the Office of Financial Aid are necessary for the operation of the college and will be provided through a cooperative relationship with other departments within ICOM. The needs of the student will remain paramount in all decisions.
It is the duty of the Office of Financial Aid to utilize funds from all available (federal, state, local, and other companies or organizations) resources to facilitate support for students, who without such assistance may not be able to attend ICOM. ICOM practices fair and equitable means of determining the student’s or the family’s ability to contribute to the student’s educational expenses. The college shares the U.S. Department of Education’s philosophy that that responsibility for meeting educational costs lies with the student and the student’s family.
Status of Eligibility for Title IV Federal Student Aid Programs
The Idaho College of Osteopathic Medicine currently utilizes commercial lenders for students requiring loans. ICOM is not currently eligible for Federal Student Aid through the Title IV program at this time. Federal regulations require that a new school must have full accreditation prior to applying for Title IV. ICOM will likely become eligible to submit an application in the Summer of 2022. Approval of the application by the US Department of Education may take 6-12 months or longer. Once approval has been granted, ICOM will be able to extend Federal Student Aid to current and future students.