Types of Aid
Extended Payment Plan
Under this plan, the full tuition may be equally divided and paid in five equal payments as specified in the registration materials. The application for the extended payment plan is provided with the registration materials and should be submitted with the registration form. The student submits five post-dated checks representing the five calculated payments. There is a $75 fee for this service, paid at the time of registration.
The Career Advancement Scholarship is available to selected graduate students entering the M.A. program in Clinical Mental Health Counseling. Eligible candidates have completed at least a Bachelor’s degree and have been employed in a clinical human service agency in the United States (such as a hospital, residential facility, or in-home intervention program) for at least one year at the time of first application to ICPS/BGSP. The scholarship offers up to 20% of course tuition, renewable each semester for up to two years, as long as the student maintains good academic standing. Open to students at the Boston and New Jersey campuses. Click here to download the Career Advancement Scholarship Application.
Federal Student Loans
William D. Ford Direct Loan Program (Direct Loans)
Students at ICPS may apply for loans in the Direct Unsubsidized Loan Program and/or the Direct Grad PLUS Loan Program. Under the Direct Loan Program, students borrow loan funds directly from the US Department of Education. The Direct Unsubsidized Loan Program carries a lower interest rate and it is recommended that students exhaust their Direct Unsubsidized Loan eligibility before borrowing in the Direct Grad PLUS Loan Program. Both programs carry a fixed interest rate. The interest rates as of July 1, 2019 are listed below for the 2019-20 award year.
For more information on tuition and fees, click here. Cost of Attendance information is available here for students to help determine their yearly costs, including living expenses, while attending ICPS.
Direct Unsubsidized Loan Program (6.08% fixed interest rate)
- Annual limit of $20,500 unsubsidized (you pay all the interest, although you can have the payments deferred until after graduation). Aggregate loan limit is $138,500.00 for graduate students.
- You may pay interest-only while in school (to avoid compounded interest). You may make a payment at any time without penalty.
- You may defer repayment until 6 months after graduation.
Direct Grad PLUS Loan Program (7.08% fixed interest rate)
- Does not affect your aggregate loan limit.
- You may pay interest-only while in school, or may make a payment at any time without penalty.
- Goes into immediate repayment unless the student defers repayment until after graduation.
- Additional eligibility information:A credit check is required, and only credit-worthy students will be approved. Students may have a US citizen co-sign the loan.
- U.S. citizen or eligible non-citizen (i.e. non-resident alien, citizen of U.S. Territory)
- Enrolled in an eligible program. All degree programs at ICPS are eligible.
- Registered at least half-time (6+ credits for ICPS students). Students that have completed all coursework and are working on their thesis or final paper are considered half time if they are registered for at least 3 credits of directed research. For financial aid purposes only, there is a three semester limit for directed research only status (actual time to finish paper may be longer or shorter).
- Good academic standing (Satisfactory Academic Progress): Students are required to make Satisfactory Academic Progress in their program of study to maintain eligibility for Federal Student Aid. To achieve this, students must be in good academic standing, meaning they are progressing through the program, earning passing grades and making up any incomplete grades by the deadline. Students are considered to have fallen out of good academic standing if they are not progressing at the minimum completion pace of 67% or if they are placed on probation. For information about the criteria for being placed on probation, please refer to the Student Handbook. Students that do not meet this requirement are not eligible to receive financial aid and may go into repayment until they are once again in good standing.
- Completing the program within the financial aid time limit: Students are required to complete the program within 1½ times the published program length. A student who exceeds the maximum timeframe is not eligible to receive additional federal student aid.
Applying for Aid
Browse below for more information on how to apply for a specific type of aid:
Federal Student Loans
Please complete the following:
- FAFSA Prefer a mobile app? The 2019–20 FAFSA form is on the myStudentAid app, available on the App Store (iOS) or on Google Play (Android).
- Loan Entrance Counseling
- Master Promissory Note
- Additional Documents (if applicable)
Non-Tax Filer Worksheet Treatment of Loan Proceeds
PLEASE FILL OUT ALL FORMS COMPLETELY, SIGN, AND RETURN VIA MAIL :
301 South Livingston Ave Livingston, NJ 07039
Institutional Financial Aid
Applicants to the Career Advancement Scholarship must fill out the Career Advancement Scholarship Application.”