IMC Financial Aid/ Student Loans
IMC is a Title IV approved school, as such we do offer federal financial aid for those who qualify. IMC offers the following federal aid options.
- Federal Pell Grants: A federal grant for undergraduate students with financial need. Does not have to be paid back.
- Federal Direct Subsidized Loans: A loan, which must be repaid, that is based on financial need for which the federal government pays the interest that accrues while the borrower is in an in-school, grace, or deferment status.
- Federal Direct Unsubsidized Loans: A loan for which the borrower is fully responsible for paying the interest regardless of the loan status. Interest on unsubsidized loans accrues from the date of disbursement and continues throughout the life of the loan. If the interest is not paid during the grace period, the interest will be added to the loan’s principle balance.
- Federal Direct Parent PLUS Loan: A loan available to parents of dependent undergraduate students for which the borrower is fully responsible for paying the interest regardless of the loan status
Students wishing to determine their eligibility for federal financial aid should complete the free application for federal student aid (FASFA) which can be located online at https://fafsa.ed.gov/