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 2019-20 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.
|2019-2020 Payment & Fees With ICOM Health Insurance||Annual||Fall Semester||Spring Semester|
|Payment Amount Due||$26,224||$28,224|
|2019-2020 Payment & Fees Without ICOM Health Insurance||Annual||Fall Semester||Spring Semester|
|Payment Amount Due||$24,370||$26,870|
If you have not secured financing for the upcoming year and are in need of assistance, please contact the Financial Aid Office.
Please note that all personal payments will need to be made by check, cashier’s check, or bank wire. Always include your Sonis Student ID on all payment information. ICOM will not be accepting electronic payments (credit cards, echecks, etc).
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 firstname.lastname@example.org.