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Financial Aid

Making College More Affordable. Find out which loans, grants and scholarships you qualify for today.

We know you are here to follow your dreams and pursue your passion. We don’t want the cost of your education
distracting you from that. That is why our financial aid representatives will work with you to help find all financial aid
opportunities you may qualify for, whether it is loans, grants or scholarships.

Financial Aid for Students

If you want to get a jump on things, the first step is to fill out the Free Application for Federal Student Aid (FAFSA). You can access it online. IPR’s federal school code is 041302. The results of the FAFSA will help us assess your eligibility for various financial aid options.

Guide to Financial Aid

How are you supposed to earn a degree when you can’t afford the tuition? Here’s some straight talk for you. This full-length guide to financial aid is honest about the realities of financing this big investment. We’ll show you how to pay for your education without breaking the bank.

Learn More

Loans and Grants

One of the most common ways students fund their education is through loans and grants. Grants are often preferred because they do not need to be paid back. But loans can be helpful in helping to stretch out payments into manageable amounts, and some don’t need to be paid back until after you graduate.

Federal, State and Private Loans

Loans are a form of financial aid that you need to pay back, but the good news is that federal student loans may offer lower
interest rates. That allows you to spread your payments out into more reasonable amounts without having to pay as much in
interest. Some of the available loan programs include:

  • Federal Direct Loan Subsidized and Unsubsidized: This loan is based on need. It is a long-term federal loan with low-interest rates.
  • Federal Direct Parent Loan for Undergraduate for Students (PLUS) loans: This loan is commonly used by parents of undergraduate students who are still dependents to help cover education expenses.
  • Alternative Loan Programs: Most banks and financial institutions offer privately funded student loans.

Grants

We encourage all students to look into grant opportunities because it’s money you don’t have to pay back. Grants are often need-based. You must fill out a FAFSA to help determine whether you qualify. Some available educational grants include:

  • Federal Supplemental Educational Opportunity Grant (FSEOG): The amount awarded for this grant is based on financial need.
  • Federal Pell Grant: Pell grants are based on financial need, tuition costs and your status as a full-time or part-time student.
  • Minnesota State Grant: This grant helps students from low and moderate-income families pay for educational expenses at eligible Minnesota colleges and universities.

Student Support

We know paying for college can be stressful. We are here to help
you find ways to make it more affordable, so you can focus on what
matters most — your art. IPR’s financial aid staff will help you discover
what kinds of aid are available. To get an idea of what you might need to pay, use the net price calculator.

financial aid contact us

Scholarships

Scholarships are another great financial aid option for those who qualify. At IPR, we offer a wide variety of scholarships that cover an array of students, including high school students and military personnel

The Rhymesayers Entertainment Scholarship:  this prestigious scholarship is granted to the two (2) applicants who best demonstrate creative aptitude, community involvement, and an awareness and support of the mission of Rhymesayers Entertainment. This scholarship awards up to 50% of the total cost for each quarter, through the completion of the recipients first program of study. LEARN MORE

Academic Merit Scholarship : provides up to $3,000 in merit awards, depending on student’s high school CGPA, ACT or SAT scores.

Student Engagement Scholarship:  IPR is  dedicated to increasing student access to IPR programs and to making programs affordable. We will be offering students a $1500/term scholarship to support their ability to start a program at IPR and to see them through program completion.

Business Alliance Scholarship : provides funds based on partnerships with businesses committed to assisting IPR students. Employees of IPR Business Alliance Partners who fulfill certain requirements are eligible for discounted tuition.

Community Service Scholarshiprewards students for community service and continued enrollment. The scholarship, worth $2,000 annually, is awarded to two students per quarter.*

Director’s Academic Scholarship: awards graduating high school seniors up to $5,000 toward tuition, depending on their scores on the Wonderlic SLE.

User Experience Scholarship: Full-time students may be eligible for an award that helps fund the cost of iPad®.

The BEC Matching Scholarship: doubles the value of certain scholarships awarded by businesses, civic institutions and other organizations, up to $1,000 per year.

High School Advantage:Currently attending high school juniors and seniors may qualify for a scholarship of up to $1,940 per quarter, to be applied toward the cost of one course and the accompanying fee, for up to seven quarters.

The IPR Graduate Scholarshipintended for those who have already graduated from IPR but wish to return to complete another degree. The baseline award amount is $2,000, but graduates with a 3.5 or better CGPA may qualify for $3,000 toward their second degree.

The Mary Ann O’Doughtery World Music Scholarshipawarded to one student per quarter chosen randomly from registrants of the World Music course. The recipient will receive class books at no charge.

The Military Scholarship: qualified military personnel and their family members may be eligible for this scholarship. Recipients receive $480 per quarter. Applicants need to fill out the Application for Military Scholarship.

President’s Scholarship:  offers awards up to $5,000 depending on a prospective student’s application date and high school GPA.

Professional Certification Scholarship: eligible students may get reimbursed for the cost of certain certification examinations. An application can be found here.