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Payment Information

Payment Schedule

Fall Semester
Returning students: a $200 deposit is due no later than May 1 to hold academic space.
Charges are due July 15.

January Term
Charges are due before classes begin.

Spring Semester
Charges are due by December 15.

Summer Term
Charges are due before classes begin.

Graduates
Charges are due before classes begin.

New England College offers a variety of payment options. We accept cash, personal check, credit card (MC, Visa, American Express, Discover), and wire transfer payments. Third party checks are not accepted for payment.

  • Payment is accepted online at MyNEC or by phone 603.428.2226
  • Cash payments of $10,000 or more require a completed IRS Form 8300. Cash can be accepted at the Office of Student Financial Services.
  • Personal checks may be mailed to New England College, Student Financial Services, 98 Bridge Street, Henniker, NH 03242. U.S. dollars only drawn from U.S. banks.
  • NEC accepts payments via wire transfer. Please call Student Financial Services for routing and account information as this data can not be released by email.

Student Protection Plan

The Student Protection Plan includes Tuition Refund Insurance coverage and a comprehensive bundle of benefits designed for college students such as Identity Protection and Resolution Services, Emergency Medical Evacuation Insurance, Computer Repair and Virus Protection, Extended Warranty Protection for merchandise purchased for college. To learn more or to enroll, visit nec.salliemaeinsurance.com/tuition or call 877-445-0264 to speak with a licensed agent.

Arrears

Transcripts and diplomas will not be released until all balances are cleared. Balances must be paid in full in order to participate in graduation.  All accounts 30 days or more in arrears are subject to a late payment fee of $200 per term and 1.5 percent per month, equivalent to 19.56 percent annual percentage rate.

Overdue accounts referred to a collection agency will incur the agency’s fee. This fee, usually 25 to 50 percent, will be added to the overdue balance at the time of assignment to the agency.

Defaulted Loans

Transcripts and diplomas are not released to any student in default on Perkins or Stafford Loans.

Interest-Free Payment Plan

New England College offers an interest-free monthly payment plan administered by Tuition Management Systems (TMS). To enroll, visit www.nec.afford.com Applications should be submitted directly to TMS by July 15 for the 10-pay plan that runs July 1 – April 1 or the 5-pay plan that runs July 1- November 1. If you are using the 5-pay plan only for the spring semester, you must sign up by December 15.

Tuition Management Systems, Inc.
Interest Free Monthly Payment Options
P.O. Box 842722
Boston, MA 02284-2722
www.nec.afford.com
1-888-437-3430

Refunds for Withdrawal, Suspension or Dismissal

Undergraduate Refunds

If a student withdraws or is dismissed from school during the academic year a refund or credit for tuition and board will be issued according to the following schedule:

  • During the first week of the semester: 75%
  • During the second week of the semester: 65%
  • During the third week of the semester: 55%
  • During the fourth week of the semester: 40%
  • After the fourth week of the semester: 0%

All other charges are non-refundable for any semester from which a student withdraws.

For summer term and January term programs the refund or credit will be issued according to the following schedule:

  • As of the first day of the first week: 80%
  • As of the first day of the second week: 50%
  • After the second week: 0%
  • All other charges are non-refundable.

If there is an outstanding balance after the credit is applied, the amount outstanding is due within 10 days of the official date of withdrawal, suspension, or dismissal. The official date of withdrawal is the date on which the Office of the Dean of Students receives written notification from the student, parent or guardian. The date of suspension or dismissal is the day specified in the letter from the Vice President for Academic Affairs notifying the student of his/her suspension or dismissal.

Graduate Refunds

If a student officially withdraws during a term, a portion of any refund calculated under the College’s withdrawal policy will be returned to federal, state, and College programs. Details of this pro-­rated policy are available from Student Financial Services.

For Graduate students, refund or credit is issued according to the following schedule:

  • Before the first day of the first week of class: 100%
  • As of the first day of the first week of class: 80%
  • As of the first day of the second week of class: 50%
  • As of the first day of the third week of class: 0%

All other charges are non-refundable for any semester from which a student withdraws.

Personal Expenses and Check-Cashing

Personal expenses, including books and supplies, clothing, laundry, travel, and recreation will vary from student to student. Each student should plan personal expense requirements and develop a budget based upon those expectations. The Office of Student Financial Services can assist in developing this annual cost of attendance.

Students should consider establishing a checking account at a local bank in order to pay for books, supplies, and other personal expenses. The Office of Student Financial Services does not cash personal checks for students.

Purchasing Books at New England College

Master Card, VISA, Discover, and American Express may be used to charge purchases in the NEC bookstore. Gift certificates are available at the bookstore and may be used toward bookstore purchases. Please see the bookstore manager for information, or call 603-428-2220.

Federal Financial Aid recipients with excess funds (financial aid funds greater than the direct billed expenses) may request a book voucher from the Student Financial Services Office beginning one week prior to the semester start. The book voucher will charge the cost of books and supplies purchased at the campus bookstore to the student’s New England College student account.

ATM

An ATM is available on campus and conveniently located in the Simon Center.