The Student Accounts Office manages tuition and fee billing and the subsequent collection of payments for all students enrolled at the Idaho College of Osteopathic Medicine.

Educational Tax Credits and Deductions

ICOM is not currently able to participate in student aid programs administered by the U.S. Department of Education. As such, a 1098-T will not be provided to students. This may impact your tax planning and reporting. Please consult with a tax professional on your personal situation.

The following information regarding Educational Tax Credits and Deductions is important for you to understand.

ICOM students and their parents are not eligible for the following:

  • The American Opportunity Tax Credit
  • The Lifetime Learning Tax Credit
  • Tuition and Fees Tax Deduction
  • Student Loan Interest Deduction: Interest paid on private student loans borrowed for attendance at ICOM is not eligible for the Student Loan Interest Deduction tax benefit. However, interest paid on prior federal or private student loans (from Title IV eligible schools) may qualify as a tax deduction.

1098-T Tuition Statement

  • ICOM is not a Title IV eligible institution at this time and as such is not required to provide a 1098-T to students.
  • Taxable scholarships, fellowships, and grants: Scholarships, fellowships, and grants are typically reported on a 1098-T. Even though a 1098-T will not be provided students are still required to report taxable financial aid in certain circumstances. However, at ICOM, the amount of a student’s scholarships, fellowships, and grants is very unlikely to ever exceed tuition, fees, books and supplies, so students are not likely to be required to report any taxable financial aid.

Tuition and Fees

To assist in the planning of financing your education, we have included the following chart to breakdown the tuition, fees, and corresponding due dates. The annual tuition and fees for the 2020-21 school year will be billed in two increments. ICOM will not be implementing payment plans and all tuition and fees need to be paid in full by the first day of class each semester, which is noted by the due dates listed below.

 

Academic Year 2020-21

Payment Due Dates: Fall 2020 August 3, 2020 August 3, 2020 July 1, 2020
Payment Due Dates: Spring 2021 January 11, 2021 January 11, 2021 December 14, 2020
Cost Information: Cohort 2024 Cohort 2023 Cohort 2022
Annual Tuition $52,770 $52,770 $52,770
Annual Activity Fee $2,500 $2,500 $2,500
Total Costs Without Health Insurance: $55,270 $55,270 $55,270
Annual Health Insurance*/** $3,614 $3,614 $3,614
Total Costs With Health Insurance $58,884 $58,884 $58,884
Payment Information
Fall 2020 Payment Amount WITHOUT ICOM Insurance $27,635 $27,635 $27,635
Adjust to Fall 2020 Payment for paid deposit ($1,600)
Fall 2020 Total Without Insurance: $26,035 $27,635 $27,635
Fall 2020 Payment Amount WITH ICOM Insurance $29,442 $29,442 $29,442
Adjust to Fall 2020 Payment for paid deposit ($1,600)
Fall 2020 Total With Insurance: $27,842 $29,442  $29,442
Spring 2021 Payment Amount Without Insurance $27,635 $27,635 $27,635
Spring 2021 Payment Amount With Insurance $29,442 $29,442 $29,442
*ICOM provided health insurance costs can be waived if covered under eligible program. Contact Student Services for details. Amount will be pro-rated for coverage added mid-semester.
**2020-21 Student Health Insurance rates are estimated and subject to change at any time without notice.

If you have not secured financing for the upcoming year and are in need of assistance, please contact the Financial Aid Office. 

For students making personal payments, ICOMs preferred method of payment is a personal check or bank wire. ICOM also accepts cashier’s checks. ICOM will accept credit cards for tuition and fee payments with a 3% convenience fee added to the total payment. If you wish to make a payment by Bank Wire or Credit Card, please notify the student account office 3-5 days prior to payment due date. We will email you the bank wire instructions. For credit card payments, please send an email or call us with the amount of tuition and fees you would like charged to a credit card. We will calculate the additional fee and email you a link to make this payment electronically. You are then responsible for entering the credit card information to complete payment. All inquiries should be directed to studentbilling@idahocom.org. Please include your student ID number on all correspondence and with payment remittance.

If mailing payments, please ensure adequate time is allowed for payments to arrive by the due date. Please make payable to the Idaho College of Osteopathic Medicine and mail to: 

Idaho College of Osteopathic Medicine
Attn: Billing Office
1401 E. Central Drive
Meridian, ID 83642 

If you are in need of assistance, or have questions, please contact Student Accounts at studentbilling@idahocom.org.