Federal Financial Aid
IPSB’s school code number is 041347.
You will need this number when completing your FASFA for financial aid.
Over 90% of students who applied qualified for Federal Student Aid last year! Our Financial Aid Advisor has the experience to assist you in exploring available financial resources and can make the Federal Student Aid application procedure simple. Additional financing options available include: in-house payment plan, 529 Tuition plan, Veterans Benefits (VA), Vocational Rehabilitation Funds, Americorps, and external scholarships.
How Can You Finance Your Education?
Federal Financial Aid
IPSB is approved to offer Title IV funding and Federal Student Aid to students who qualify. The types of Financial Aid available include:
Federal Pell Grants
Funds are awarded to students who demonstrate financial need based on Department of Education guidelines. A Federal Pell Grant does not have to be repaid as long as the student completes their scheduled units.
Subsidized Federal Stafford Loan
A Subsidized Federal Stafford Loan is a low-interest loan made by a lender to students. The federal government pays the interest during school attendance, for a six-month grace period following school attendance, and approved periods of deferment. Eligibility for a Subsidized Stafford Loan is based on financial need.
Unsubsidized Federal Stafford Loan
An Unsubsidized Federal Stafford Loan is a low-interest loan made by a lender to independent students. The Department of Education guidelines will determine the dependency status. A student does not have to demonstrate financial need to obtain this loan.
Federal PLUS Loan
Federal PLUS Loans are low-interest loans made by a lender to the parents of a dependent student. The loan application is subject to lender credit approval.
To be eligible for financial aid, a student must provide IPSB all documents required to complete the certification of federal financial aid funds. If a student fails to supply the documents or is unable to qualify for federal financial aid, s/he will be responsible for any outstanding balances incurred and must select another finance op- tion. Continuous attendance with no attendance breaks greater than 29 days is required to retain disbursed fed- eral financial aid funds.
Students must reapply for funding every academic year (every three quarters). Ninety (90) days before a student’s next academic year begins, s/he is required to complete the reapplication process. It is imperative that students reapply for future loans or grants early to en- sure that their coursework is not interrupted. If this is not completed in a timely manner, students will no longer qualify for a financial aid deferment and will be required to comply with the terms and conditions of the payment plan.
In addition to the Title IV Federal Financial Aid programs, students may qualify for:
Veterans Administration Benefits: US Department of Veterans Affairs
Post 9/11 GI Bill Information: Welcome to the GI Bill Web Site
California Department of Rehabilitation : Vocational Rehabilitation
Workforce Investment Act: US Department of Labor – Employment & Training Administration
San Diego Workforce Partnership : San Diego at work
IPSB’s three programs (Massage Therapy, Holistic Health Practitioner Program and Associate of Science Degree in Holistic Health) qualifies for the Workforce Partnership funds job training programs to meet the region’s demand for qualified workers. The programs benefit local employers, unemployed and recently laid-off adults, and at risk youth ages 14 to 21. To contact San Diego Workforce Partnership call: 1-888-884-SDWP (7397).
Other state loans and grants may depend on the student’s state of residence. Individual employers frequently offer education funds for employees or for retraining of employees.
