Financial Assistance, Payment Plan and Student Loan Disbursement

1. Financial Assistance

IBE does not currently provide any financial assistance, including, but not limited to, public or private educational loans, tuition discounts, grant or scholarship programs to help pay a student’s tuition, fees, books, supplies or living expenses.

2. Payment Plan

Tuition in an amount greater than $5,000 can be paid in two equal payments with the second payment occurring after the beginning of the second semester. No other institutional payment plan is offered. Fees, the cost of books, materials, supplies, and other charges must be paid in full prior to beginning class.

3. Student Loan Disbursement

Should this institution receive, on behalf of a student, any student loan or financial aid funds provided by a private entity including but not limited to a bank, financing company, credit card company, or other lending source, it shall ensure that the monies are collected and disbursed in the following manner:

  • Amounts equal to or less than $5,000 may be disbursed as a single disbursement, regardless of program length.
  • Amounts greater than $5,000 shall:

a. Be disbursed in two or more equal disbursements; and

b. Have the second disbursement occur after the midpoint of the academic year for clock hour institutions or after the    beginning of the second semester, quarter, trimester, or other term for term-based institutions. (For the purposes of this section, an “academic year” means at least 30 weeks of instruction.)