Financial Aid Process and Tips


The cost of a college education today is great and most students need financial help. As a result, IBCS maintains a Financial Aid Office to assist students and their parents in obtaining funds that are available to them. See how you can make your education affordable.

Financial Aid and the FAFSA


The Financial Aid Office processes and distributes all college grants and awards on the basis of need as verified by the Free Application for Federal Student Aid (FAFSA).

Financial aid can be a complicated topic, the Department of Education resource, Federal Student Aid: Find the Information You Need provides links to numerous subjects: FAFSA, Types of Aid/Getting Aid, Student Account Access, Repaying Loans, Preparing for College, Special Audiences, etc.

»  Student Aid (English PDF)
»  Student Aid (Spanish PDF)

Top 5 Points to Know about Financial Aid:


Complete your FAFSA every year, as early as possible.

Go to: FAFSA link, IBCS website: Free Application for Federal Student Aid (FAFSA) or www.fafsa.ed.gov

  1. Enter IBCS’s school code 033473; this will automatically send FAFSA information to IBCS Financial Aid
  2. The FAFSA is available in English and Spanish.
  3. FAFSA YouTube helps: 2017-2018 FAFSA Demo; FAFSA and FSA ID Tips for Parents

Remember:

  1.  Completing the FAFSA is always free; never pay anyone to assist you with your application!
  2. Data entered must be accurate, do not skip, guess, or estimate answers
  3. Your FAFSA may be submitted prior to completing federal tax returns, however, after taxes are filed, FAFSA corrections may be required
a. The IRS DRT is the easiest way to input required income tax data into the FAFSA
b. It ensures accurate and secure transfer of income tax information into the FAFSA
a.  IBCS Financial Aid will notify families of FAFSA Verification requirements
b. Students/Parents using the IRS DRT are sometimes less likely to be selected for FAFSA Verification. If you are selected for FAFSA Verification, using the IRS DRT greatly expedites the verification process.
For the 2017-2018 FAFSA generally a single student born on or after January 1, 1994 will be considered a “dependent” student regardless of how the student files his/her income taxes. A student who was born before January 1, 1994 is considered “independent” and does not need to file parent information on the FAFSA.