IMBC cares about your future and that includes helping you make informed decisions about paying for your education. We are ready to help you understand the options that may be available to you.
Six Steps to Financial Aid Literacy
1. Meet with the Financial Aid Team
Set up a meeting with the financial aid team to review all options that may be available to you for financing your education. This is a great time to ask questions, review your finances and learn more about your options. (~30 minutes)
2. Create your ID & Complete the FAFSA
Create a Federal Student Aid ID (also called an FSA ID) at https://fsaid.ed.gov/npas. Your FSA ID is required to complete the free application for federal aid. (~30-60 minutes)
Use the IMBC School Code “041551” to complete your Free Application for Federal Student Aid (FAFSA). Please complete the 2017/18 FAFSA using the IRS Data Retrieval on the FAFSA website; if you are not eligible to use the IRS Data Retrieval please use your tax returns. To obtain copies of your tax information, please call the IRS at 800-829-1040.
3. Sign & Complete IMBC Forms
Your financial aid advisor will provide you printed forms to review and sign. Online students may complete this step via phone and email. You will receive copies for your personal records. (~5-10 minutes)
4. Complete Aid Counseling
If you receive a loan from Federal Direct Loan program you will be required to complete entrance counseling before their loan can be issued. Your advisor will provide more information to you when you meet in person or via phone/email. (~10 minutes)
5. Sign your Master Promissory Note
Now it’s time to receive your loan. To do so, you will need to sign a master promissory note which is a promise to make payments on your loan. You can sign it electronically online. at https://studentloans.gov/. (~5 minutes)
6. Understand & Fulfill Payment Obligations
Now that you have completed your paperwork to obtain your loans, it’s important that you check in with your financial aid advisor from time-to-time to ensure that your documents are in order, you continue to be in solid academic and financial standing, and that as you prepare to graduation you are aware of your repayment options.
There is no timeframe or deadline for when a prospective student can apply for Federal Financial Aid. Prospective IMBC students can apply for federal financial aid any time prior to a program’s start date. A new student should visit the financial aid office as early as possible during the admissions process to determine if they qualify for aid.
Financial Aid Programs
IMBC is approved for the following financial aid programs:
- Federal Pell Grant
- Federal Direct Loan Programs
- Private loans from a bank of your choice
Veterans of the US Armed Forces
The Veterans Administration sponsors students who are currently enlisted or our veterans of the U.S. Armed Forces that may be eligible for education benefits through the Department of Veterans Affairs. This includes the following programs:
- Montgomery GI Bill®, Post-9/11 GI Bill® and Forever GI Bill®
- Survivors’ and Dependents’ Educational Assistance (DEA)
- Veterans Educational Assistance Program (VEAP)
Students who have veteran’s benefits should contact their local Veterans Center or visit the Veterans Affairs website to learn more about these programs and their eligibility to receive benefits.
Tuition at IMBC varies by program and campus, among other things. Your obligation may be less than the published tuition if you qualify for any grants. Access on the Net Price Calculator to help determine the cost of attending the Institute of Medical and Business Careers.