o   The Classification of Instructional Programs (CIP) taxonomic coding scheme was developed in 1980 by the National Center for Education Statistics to facilitate the organization, collection, and reporting of fields of study and program completions.  The CIP titles and program descriptions are intended to be generic categories into which program completions data can be placed, not exact duplicates of a specific major or field of study titles used by individual institutions.  This institution’s programs generally are intended to provide training for occupations associated with multiple CIP codes and each program’s graduates generally occupy a wide variety of positions both following graduation and within a few years.  However, the institution is required to choose one CIP code and believes that a code of 52.0302 is a conservative representation of expected entry-level occupations.  The institution also is required to list the following occupations (by name and Standard Occupational Classification—or SOC—code) that the O*NET crosswalk identifies as a representative sample of identified entry-level occupations for completers of a program with a CIP code of 52.0302. 

13-2082.00 Tax Preparers  

43-3021.01 Statement Clerks   

43-3021.02 Billing, Cost, and Rate Clerks

43-3021.03 Billing, Posting, and Calculating Machine Operators 

43-3031.00 Bookkeeping, Accounting, and Auditing Clerks

43-3051.00 Payroll and Timekeeping Clerks  

43-9111.00 Statistical Assistants

The institution notes that, due to the nature of CIP codes and SOC codes, this list of representative occupations may be expected to comprise a subset of actual graduates’ occupations; further, graduates may or may not work in each of these listed occupations.

o   The on-time graduation rates as defined by the U.S. Department of Education for students who completed the programs between July 1, 2011 and June 30, 2012 are 100% for the diploma program and 100% for the degree program.  The definition is the percentage of graduates that completed the program within the normal timeframe.

o   The placement rates as of September 15, 2012 for graduates between July 1, 2011 and June 30, 2012  and as reported to ACICS were 67% for the diploma program and 80% for the degree program.  More graduates may have been placed subsequently, as may be shown elsewhere on this site.

o   Tuition and fees charged for completing the program within the normal time for students who start the programs between January 1, 2013 and December 31, 2013 are $13,930 for the diploma program and $27,810 for the degree program.  (Note that financial aid is available for those who qualify and the net price paid may be materially less; please visit www.ibcindianapolis.edu/aid.)

o   The typical costs for books and supplies for completing the program within the normal time for students who start the programs between January 1, 2013 and December 31, 2013 are expected—as of the fall of 2012—to be approximately $1,931 for the diploma program and $3,255 for the degree program.

o   The total charges for school-sponsored housing for completing the program within the normal time for students who start the programs between January 1, 2013 and December 31, 2013 are $6,560 for the diploma program and $13,120 for the degree program.

o   Potential applicants may find the following information at www.ibcindianapolis.edu/catalog.pdf: institutional accreditation; contact information for accrediting agencies and state licensing/approval agencies; admissions policies and practices; policies on transfer of credits to and from the institution; policies and processes for withdrawal and for refunds of tuition/fees; and additional consumer information.

o For degree program graduates between July 1, 2011 and June 30, 2012, median federal loan debt was $12,000, median private loan debt was zero, and median institutional loan debt was zero.  For diploma program graduates between July 1, 2011 and June 30, 2012, median federal loan debt was $8,503, median private loan debt was zero, and median institutional loan debt was zero.