Federal Grants and Loans Federal Pell Grants Students apply by sending a completed Free Application for Federal Student Aid to the federal processor in the envelope provided. Applicants will receive a Student Aid Report which should be brought to the Office of Student Financial Aid at ICC to obtain the grant award. Payments are made each semester to pay for tuition, fees, books, transportation, housing, food, clothing, etc. if the student qualifies. Information is available from the Director of Student Financial Aid. The college participates in the Federal Stafford Loan Program.
Subsidized loans are interest and payment free during college attendance.
Unsubsidized loans require interest to accrue on the principal of the student's loan. The college participates in the Federal Parents' Loan for Undergraduate Students Program. A parent of a dependent undergraduate student may borrow an amount up to the cost of attendance minus any other student financial aid received from participating lending institutions. Repayment by the student's parent begins 60 days after the loan is received. Grades of F, I, or W are indicative of semester hours attempted but not completed.