Payment Schedule

During the year, payments for tuition, room and board is due in accordance with the following schedule:

Fall Semester
A $200 deposit is due no later than May 1 to hold academic space for returning students for the fall semester. This payment is refundable up to July 1. Fall semester charges are due July 15. This payment is refundable up to the day before fall classes begin.

Spring Semester
Spring semester charges are due by December 15. Payments are refundable up to the day before spring classes begin.

Payment Policy
Students are required to remit payment in U.S. dollars only. Checks are to be made payable to New England College and checks must be drawn on U.S. banks. Exceptions to the check policy can be reviewed and approved on a case-by-case basis. If approved, bank processing fees on foreign checks will be added to the student’s account. Processing charges may be avoided by remitting payment in the form of international money orders. New England College also accepts payment using Master Card, VISA, Discover, and American Express. Additionally, you may remit payment by electronic funds transfer or wire transfer.

Students can pay online with credit card or electronic check through their MYNEC account.  Students can authorize designated payers access to their online student accounts through their MYNEC link. If you are an authorized payee, you can submit online payments at: https://quikpayasp.com/nec/student_account/authorized.do

If you prefer to mail your payment, please send mail to:

New England College
Office of Student Financial Services
15 Main Street
Henniker, NH 03242

Telephone: 603.428.2226
Fax: 603.428.2404

Arrears
Neither transcripts nor diplomas will be issued to any student whose account is in arrears. All accounts 30 days or more in arrears are subject to a late payment charge of 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 an agency.

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

Payment Plans
New England College offers an interest-free monthly payment plan administered by Tuition Management Systems (TMS). 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.afford.com/nec
1-888-437-3430

Refunds for Withdrawal, Suspension or Dismissal
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 Provost/Vice President for Academic Affairs notifying the student of his/her suspension or dismissal.

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 requirements. 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 NEC

Master Card, VISA, Discover, and American Express may be used to charge purchases in the 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 located in the Simon Center.