Student Financing

There are three funding options for ICDS students:

1. Sallie Mae Loans

To fill out a Sallie Mae loan application, you must first submit an application to enroll. To do this, find "applications" on the top navigation bar. The link to a loan application will be in your confirmation.

We're happy to assist you with any questions throughout the process. For help contact our office at (866) 523-2669.

Tips/FAQ for Filling out a Sallie Mae Loan Application

  • ICDS School Code - 60379600
  • ICDS Address - PO Box 565 Round Rock, TX 78680
  • Sallie Mae Customer Service - 1-888-272-4665
  • Loan Type - Personal Unsecured Career Training Loan
  • Day Students - add 8 months from the start date for time to complete class and practicum hours.
  • Night Students - add 12 months from the start date for time to complete class and practicum hours.
  • Distance Learning - add 12 months from the start date for time to complete class and practicum hours.
  • Who do I put as the "contact" on the Sallie Mae Loan?
    The ICDS President, Greg Lovelidge.
  • What do I put for tuition? -
    Total price of program
  • How much can I add for additional expenses? –
    A maximum of 60% of tuition (multiply tuition by .6 for maximum additional expenses you can borrow).
  • What is the disbursement date -
    10 days before class starts.
  • How much is the disbursement amount -
    Full amount to be paid.

Repayment options:

  1. Pay Interest Only Payments - up to 6 months, then start regular loan repayments.
  2. Deferred Payment - up to 12 months and pay only $10 per month.
  3. Start repayment immediately.

2. TFC Loans

ICDS encourages all applicants who need to take out a loan to pay for their course of study to apply for an SLM Financial Student Loan (“Sallie Mae”).  The TFC Student Loan is primarily for those students not eligible for SLM and who do not have other funding available. 

Considerations:

1 - When an applicant selects a TFC loan, a $600 deposit is required up front. 

2 - In addition, 60% of the tuition must be paid off before a transcript for completing the program can be issued. 

For example, if a loan period is set up for 2 years and the student completes the program in less than 1 year, the calculation will be based on the remaining principal to determine the 60% amount.  At that point, the student may elect to pay the difference by either:  (1)  additional check to TFC or  (2)  additional credit card payment to TFC, or  (3)  waiting until their monthly payments have reached the required 60%.

3. - All documents, including the signed promissory note, must be received by ICDS before you can start class.

How to apply:

1 - Download and complete a loan application.  Adobe Reader Required (Free).

2 - Return it with the $600 check OR call ICDS with a credit card number. 

3 - Select one of two repayment options:

1 year 8% $245
2 years 12% $135

4 - Upon receipt of the application and $600, ICDS will prepare the final loan documents and mail those for the applicant’s signature.

5 - Applicant may elect to automatically draft their bank account or credit card for future payments.

For help with student loans, call Linda at 866-523-2669.

3. ICDS Payment Plan

In lieu of applying for an interest loan, students can divide their course costs into four payments to be paid directly to ICDS. For distance learning students each payment is $831.25. For classroom students each payment is $825.