Cost

Cost of Attendance

The Cost of Attendance (COA) is an estimate of the total cost to attend ICOM and includes both direct (institutional) and indirect (student) costs. The categories that can be included in COA are outlined in federal law. These categories include tuition, fees, books (books, course materials, supplies & equipment), living expenses (housing & food), transportation, personal expenses, insurance, exam fees, and loan fees. The COA figures listed below are estimated and subject to change at any time without notice. Students who plan to use VA Educational Benefits can find more information, here.

From scholarships and grants, to private and federal loans, ICOM’s Office of Financial Aid is a valuable resource for students to explore different ways to pay for medical school.

 

2024 – 2025 Estimated Cost of Attendance

Estimated Yearly Cost of Attendance Cost (OMSI) Cost (OMSII) Cost (OMSIII) Cost (OMSIV)
ICOM Tuition $62,792 $62,792 $62,792 $62,792
ICOM Fees $2,500 $2,500 $2,500 $2,500
Living Expenses (Food and Housing) $24,508 $21,994 $30,163* $22,623*
Books, Course Materials, Supplies and Equipment $1,430 $500 $500 $500
Transportation $3,351 $2,963 $4,064** $10,717**
Personal Expenses $3,884 $3,486 $4,781 $3,586
Insurance $4,838 $4,838 $4,838 $4,838
COMLEX Fee N/A $715 $715 N/A
Federal Loan Fee $3,146 $3,064 $3,310 $3,407
Estimated Total Cost of Attendance $106,449 $102,852 $113,663* $110,963*
OMSI is based upon 39 weeks of attendance for Living Expenses, Transportation, and Personal Expenses.
OMSII is based upon 35 weeks of attendance for Living Expenses, Transportation, and Personal Expenses.
OMSIII is based upon 48 weeks of attendance for Living Expenses, Transportation, and Personal Expenses.
OMSIV is based upon 36 weeks of attendance for Living Expenses, Transportation, and Personal Expenses.
*OMSIII and OMSIV housing cost varies by rotational core site, this cost is for the Treasure Valley. Please check with the Office of Financial Aid if your core site is outside of the Treasure Valley.
**OMSIII transportation cost includes additional amounts for travel. OMSIV transportation cost includes additional amounts for travel, residency applications, and audition rotations.

 

  • What are direct and indirect costs?

    Direct costs are those billed by ICOM; including tuition, fees,  and student health insurance through the school. Indirect costs include estimated student expenses; such as, supplies, transportation to/from ICOM, personal expenses, and housing and food.

  • How is the Cost of Attendance determined?

    The categories that may be included as allowable costs for Cost of Attendance are outlined in federal law (Higher Education Act, Sec. 472). The institution determines how to set the corresponding amounts and how often it will review these amounts. At ICOM, the Cost of Attendance is reviewed and established annually for each class and will vary as the length of the academic year varies (see noted number of weeks for each year). ICOM uses national statistics and data from sources such as the US Census Bureau, USDA, US Bureau of Labor Statistics, and others to set an average cost for each category.

  • Are there any expenses that aren’t covered by the Cost of Attendance?

    Yes, the Cost of Attendance only includes expenses the student is expected to encounter due to their attendance at the institution during the academic year (education related expenses). Examples of costs not included in COA are:

    1. Costs waived or paid by other sources.
    2. Expenses incurred during period of non-attendance (prior to beginning an academic year or breaks within or between academic years). This includes moving/relocation expenses that occur during these breaks.
    3. Expenses incurred by a spouse and/or dependent.
    4. Expenses that fall outside of COA components such as vehicle purchase/lease, consumer debt, or student loan payments.
  • What else should I know about COA?

    Students aid cannot exceed the established annual COA per Federal regulations. Aid awarded and disbursed by ICOM is to be used for the cost of the student’s education and educational related expenses incurred while attending ICOM. If a student encounters unusual expenses during the course of the academic year such as unexpected medical expenses, major car repair, major house repair, or something similar, they are encouraged to reach out to the Office of Financial Aid to understand options available and if these expenses constitute a special circumstance.