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 2022-23 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 2022-23

OMS 1

Cohort 2026

OMS 2

Cohort 2025

OMS 3/4

Cohort 2024/2023

Annual Tuition $57,500 $57,500 $57,500
Annual Semester Fee $2,500 $2,500 $2,500
Total Costs Without Health Insurance: $60,000 $60,000 $60,000
Annual Health Insurance*/** $3,990 $3,990 $3,990
Total Costs With Health Insurance $63,990 $63,990 $63,990
Payment Information
Payment Due Dates: Fall 2022 August 1, 2022 August 1, 2022 July 1, 2022
Fall 2022 Payment Amount WITHOUT ICOM Insurance $30,000 $30,000 $30,000
Adjust to Fall 2022 Payment for paid deposit ($1,500)
Fall 2022 Total Without Insurance: $28,500 $30,000 $30,000
Fall 2022 Payment Amount WITH ICOM Insurance $31,995 $31,995 $31,995
Adjust to Fall 2022 Payment for paid deposit ($1,500)
Fall 2022 Total With Insurance: $30,495 $31,995 $31,995
Payment Due Dates: Spring 2023 January 9, 2023 January 9, 2023 December 12, 2022
Spring 2023 Payment Amount Without Insurance $30,000 $30,000 $30,000
Spring 2023 Payment Amount With Insurance $31,995 $31,995 $31,995
*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.
**2022-23 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, ICOM accepts personal checks, cashiers checks and bank wires. Please be aware if you are using your personal bank “Bill Pay,” that it often takes up to two weeks for the check to reach ICOM. If you wish to make a payment by Bank Wire, please notify the Student Billing Office prior to the payment due date. We will email you the bank wire instructions. ICOM will accept credit cards for tuition and fee payments with a 3% convenience fee added to the total payment. Please contact the Student Billing Office by email 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 the payment. All inquiries should be directed to [email protected]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 [email protected].