Financial Aid Programs

Itawamba Community College believes that no qualified student should be denied an education because of financial need. Therefore, through a program of scholarships, grants, loans, and campus employment, Itawamba Community College provides a comprehensive plan to assist students who establish a definite need. 

If a student is interested in study abroad, he/she may be eligible for financial aid if the Dean of Academic Instruction of Itawamba Community College approves the study abroad credit.

Application... All applicants for student aid of any type must meet admission standards at Itawamba Community College. Applications and information may be found online from the Financial Aid Forms or from one of the Financial Aid offices. 

Director of Financial Aid
Itawamba Community College
602 West Hill Street
Fulton, MS 38843

How to Apply for Federal Student Aid and Student Loans

Forms and Applications can be found at www.iccms.edu/Default.aspx?tabid=89

Priority Deadline - The official financial aid award year begins in August; therefore, students are encouraged to begin their application process as soon as possible, preferably January, February, or March.  Priority deadline for College Work-Study is April 30. 

Federal Programs and Methods of Distribution 

See http://studentaid.ed.gov for the latest Federal Student Aid programs information.

All Federally funded aid requires the completion of the Free Application for Federal Student Aid (FAFSA).  Expected Family Contribution (EFC) is determined from the FAFSA.  Cost of attendance is calculated by totaling estimated fees, tuition, books and supplies and living expenses based on whether a student lives on campus, with parents or off campus.  Unmet need is calculated by subtracting the EFC and aid awarded from the Cost of Attendance.  (Cost of Attendance-EFC-Aid=Unmet need).

Federal Programs

  • Federal Pell Grant - A need-based program, 100 percent federally-funded. No repayment is required. Federal Pell Grants are awarded based on Expected Family Contribution (EFC) and hours enrolled. This number is computed by the Department of Education. Enrollment is frozen at a designated time during each term. The student's enrollment at that topknot in time and their EFC will determine their eligibility for Pell Grant. If a student totally withdraws after enrollment is frozen, the amount of the Pell Grant may have to be revised. Students are required to complete over 60% of the semester in order to receive 100% of their Pell and other Federal Student Aid. If a student withdraws prior to the 60% point in the term, their Pell and other Federal Student Aid awards will be pro-rated based on the withdrawal date or last date of attendance. Awards range from $595 - $5,730 for the 2014/2015 year. 
  • Pell Grant for Service Member's Survivors - Students who have lost a parent or guardian as a result of military service in Iraq or Afghanistan after September 11, 2001 may be eligible for maximum Pell Grant. Students should visit the ICC Financial Aid office on either campus for more information. 
  • Federal Supplemental Education Opportunity Grant (FSEOG) - A need-based program, 75% federally funded and 25% institutionally funded. No repayment is required. ICC has a limited amount of funds, and these funds are awarded to students with the highest amount of need and the lowest EFC. Pell grant eligible students who live on campus and have no other aid or scholarships are considered first. Students enrolled in a professional health program and who have to attend summer term are also given top priority for summer FSEOGs. Finally, students with the lowest EFCs and who have a high unmet need are given next priority. Students should be Pell eligible and have an unmet need in order to qualify. These funds are limited and are awarded to either independent or dependent students. Students do not have to be enrolled full-time. Grant amounts average approximately $100 - $4,000 per academic year. Approximately 275 students share some $180,000 per year.  
  • Federal Work-Study - A need based program. 75% federally funded and 25% institutionally funded. Students are generally prioritized on a first-come, first-serve basis. Priority deadline is April 30. Students who were previously awarded work study and requested by faculty and staff will also be given priority. Students must complete the FAFSA and the ICC work study application indicating that they want to be considered for FWS. The student application process must be complete, including verification, before an award is made. ICC has a limited amount of Federal funds. Students with an unmet need are generally awarded Federal work study. A limited amount of institutional work study funds are available to students without unmet need. Students do not have to be full-time and may be independent or dependent. Award amounts average approximately $750 -$1,000 per semester and $1,500-$1,800 for summer term. Approximately 250 students share some $250,000 per year.  
  • Teach Grant - (TEACH) Grant Program that provides grants up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. The Teach Grant is 100% federally funded. In exchange for receiving a TEACH Grant, you must agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students (see below for more information on high-need fields and schools serving low-income students). As a recipient of a TEACH Grant, ou must teach for a least four academic years within eight calendar years of completing the program study for which you received a TEACH Grant. IMPORTANT: If you fail to complete this service obligation, all amounts of TEACH Grants that you received will be converted to a Federal Direct Unsubsidized Stafford Loan. You must then repay this loan to the U.S. Department of Education. You will be charged interest from the date the grant(s) was/were disbursed.  

    To receive a TEACH Grant you must meet the following criteria:
    • Complete the Free Application for Federal Student Aid (FAFSA), although you do not have to demonstrate financial need.
    • Be a U.S. citizen or eligible non-citizen.
    • Be enrolled as an undergraduate, post-baccalaureate, or graduate student in a postsecondary educational institution that has chosen to participate in the TEACH Grant Program.
    • Be enrolled in coursework that is necessary to begin a career in teaching or plan to complete such coursework. Such coursework may include subject area courses (e.g., math courses for a student who intends to be a math teacher).
    • Meet certain academic achievement requirements (generally, scoring above the 75th percentile on a college admissions test or maintaining a cumulative GPA of a least 3.25).
    • Make an appointment to meet with the Financial Aid Director to determine eligibility and complete the TEACH Grant Entrance Counseling.
    • Sign a TEACH Grant Agreement to Serve (see below for more information on the TEACH Grant Agreement to Serve).

      High-Need Fields are the specific areas identified below:
      • Bilingual Education and English Language Acquisition
      • Foreign Language
      • Mathematics
      • Reading Specialist
      • Biology, Physics and Chemistry
      • Special Education
  • Federal Direct Loan Program - Students must complete the FAFSA, the ICC financial aid application and student loan checklist before being awarded a student loan. Once a student sends in all needed documentation, the student is awarded. Students indicate the loan amount on the student loan checklist. See http://www.studentloans.gov for loan terms and sample repayment schedule.

    Students must have an unmet need to qualify for subsidized loans, (Government pays the interest while in school). A freshman can borrow up to $3,500 subsidized loan per year. A sophomore can borrow up to $4,500 subsidized loan per year. Student loans must be repaid.

    Unsubsidized loans (interest starts accruing from the time the student takes out the loan) are also available. Dependent students can borrow up to $2,000 for the year, and independent students can borrow up to $6,000 per year. Student loans must be repaid.  

    Reminder: Students must be enrolled in at least six hours to receive loan funds.
     
  • Parent PLUS Direct Loan Program - Parents must apply for the Parent PLUS Direct Loan online at http://www.studentloans.gov.  ICC Financial Aid will certify the loans. Parents can borrow up to the cost of attendance minus other financial aid and resources. PLUS loans must be repaid.  Complete the PLUS Loan request form.

    Reminder: Students must be enrolled in at least six hours to receive loan funds.
State Financial Aid Programs 

http://riseupms.com

For more information and applications for State Programs, contact Mississippi Student Financial Aid, 3825 Ridgewood Road, Jackson, MS 39211-6453, call 1.800.327.2980, or visit Mississippi's Institutions of Higher Learning website http://riseupms.com.

The Higher Education Legislative Plan for Needy Students (HELP) provides full-tuition to all qualified, college-bound Mississippi residents who apply and enroll full-time at any state public and non-profit two-year or four-year eligible college or university to pursue a first baccalaureate or first associate undergraduate degree.

The Mississippi Eminent Scholars Grant (MESG) offers up to $2,500 per year to Mississippi residents who are first-time freshmen attending state approved public and non-profit two-year or four-year eligible colleges and universities.

The Mississippi Resident Tuition Assistance Grant (MTAG) offers up to $500 per year to Mississippi residents attending state-approved public and non-profit two-year colleges.

County Guaranteed Tuition Programs

The County Tuition Grant programs are coordinated with Federal and State aid and scholarship funds to assure that your tuition will be paid for four consecutive regular academic semesters.  Your participation in this program is contingent upon your compliance with a few requirements and the availability of program funds. This grant pays up to tuition after all other student aid is applied for and awarded.

Click on the following links for more information and applications:
(Available from January 1 to September 15)

Veterans Benefits and Mississippi National Guard

ICC is a Yellow Ribbon School proudly serving America's Vets and dependents! Information on Veterans Benefits and Mississippi National Guard Information on Veteran Benefits and Mississippi National Guard can be found on our website or by calling 1.888.GIBILL1. 

Institutional Scholarships

There are many scholarships the student may apply for. Complete the scholarship applications found on our website or visit the Student Affairs Office on Fulton or Tupelo Campuses to pick up a paper application. Eligibility criteria and award amounts can be found on the applications.

Payment Schedule

The financial aid office will collect all financial aid awards (grants, loans, Work-study, institutional scholarships and all other scholarships) and credit all awards to the Business Office account. The Business Office will pay the appropriate awards. Check here for Payment Dates.

Obtaining Books and Supplies with Pell Grant and other student aid funds - Students may charge in the campus bookstores against Pell Grant and other student aid before the aid is disbursed as long as the student has more than enough aid to cover the cost of tuition fees and the student's applications are complete and the student meets all eligibility requirements. Students should contact the Business Office on either campus to set up a charge in the bookstore.

Federal Pell Grant, FSEOG, and TEACH Grant will be paid accordingly. These amounts will be disbursed to the student's Business Office account. School charges will be withheld before refunds are paid to students.

Loans will be disbursed to the Business Office account for the student. Reminder: Students must be enrolled in at least six hours to receive loan funds. Spring and summer only loans must be disbursed in two equal installments approximately 30 days apart. School charges will be withheld from loan funds and any remaining refund are paid to students.

State Aid, County Grants, Institutional Scholarships and other Scholarships will be paid accordingly. These amounts will be disbursed to the student's Business Office account. School charges will be withheld and any remaining refund paid to students.

Federal and Institutional Work-Study students are paid once a month for hours worked. Please see the ICC website for the pay schedule.