Cost Of Attendance
For financial aid purposes, the Cost of Attendance (COA) is an estimate of the total cost to attend ICOM and includes both direct (required) and indirect costs. Direct costs are those billed by ICOM; including tuition and fees. Indirect costs include things that are not charged by ICOM to the student such as additional supplies, transportation to/from ICOM, personal expenses, and room and board. Students are reminded that the aid awarded and disbursed by ICOM is to be used for the cost of their education and educational related costs incurred while a student at ICOM.
NB. Cost of Attendance is subject to change.
Overview of Student Budget Components
The Student Budget, established annually for each class, is used to determine a student’s maximum financial aid eligibility for an academic year. In accordance with regulations governing student aid programs, a student’s total financial aid package, including loans, may never exceed the Student Budget.
The budget includes a student’s actual school expenses (tuition, fees) and estimates of the cost of required supplies and basic living expenses (housing, food, transportation, health insurance, loan fees, and other miscellaneous personal expenses). Costs waived or paid by other sources are not added to the student budget.
Additional Supplies and Other Expenses
Additional supplies and other expenses listed are estimates and included for the purpose of determining student eligibility for financial aid.
ICOM may be able to add allowances for dependent care to the student budget for students with children or other legal dependents. Allowances may be used to cover care during periods that include, but are not limited to class time, study time, field work, internships, and commuting time. The amount of the allowance will be based on the number and age of such dependents and should not exceed reasonable costs in the community for the type of care provided. To inquire about this allowance, please contact the Office of Financial Aid for additional information. Requests will be reviewed on a case-by-case basis and are subject to the approval of the Director of Financial Aid.
If you have a disability, we may be able to add allowances for related expenses. These expenses include special services, personal assistance, transportation, equipment, and supplies that are reasonably incurred and not provided by other agencies. Students with expenses related to a disability will receive a budget addition less than or equal to those expenses related to the disability not covered by other assistance. The Idaho Department of Vocational Rehabilitation will be contacted to confirm expenses are not covered through their agency. A signed, itemized statement from the student with attached bills or other documentation is required for the evaluation. If you would like to make such a request, please contact the Office of Financial Aid for more information. Requests will be reviewed on a case-by-case basis and are subject to the approval of the Director of Financial Aid.
Expenses Not Covered
ICOM regulations state that the student budget must only include education-related expenses. Examples of costs that will not be included in the budget are:
- Expenses incurred by a spouse or a dependent not related to their care as outlined above.
- Expenses considered as part of the evaluation of student need via the FAFSA application.
- Moving or relocation expenses.
- Vehicle purchase or lease.
- Consumer debt, such as monthly credit card, vehicle, or student loan payments.
- Expenses beyond the average set in the student budget for the components.
Periods of Non-Enrollment
Student loans are not available to cover expenses incurred during periods of non-attendance such as vacations or summer breaks. They may be borrowed during eligible periods of enrollment only. There are no exceptions to this rule.