Financial aid (grants, scholarships, loans) is applied to all unpaid tuition, fee, and book charges on each student's account on the 11th business day of the semester (the exception to this is work-study wages which are paid to students after every two weeks they work). In order to receive excess aid funds, students must sign up for direct deposit via eServices. Direct deposits will first be available:
|Summer 2014||June 4, 2014 or June 25, 2014|
|Fall 2014||September 12, 2014|
January 30, 2015
June 5, 2015 or June 26, 2015
New financial aid processed throughout the semester is applied to ICC student accounts every Tuesday and Thursday. Excess aid funds will typically be available to students every Wednesday and Friday.
Students who do not have enough financial aid in place to cover their charges should establish a payment plan prior to the first day of the semester. For more details contact the Business Office at 218-322-2403.
Please note that grant/scholarship funding in excess of your tuition/fee costs IS TAXABLE and must be reported on your tax return. You will receive a 1098-T form in late January or early February that details your calendar year costs for tuition/fees as well as your calendar year grant/scholarship funds. The difference should be claimed on your tax return as taxable income. You then can report this taxable grant/scholarship amount as an exclusion from income on your FAFSA application.
Itasca Community College
An affirmative action, equal opportunity employer and educator