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Student Financial Services
New England College
 

Alternative/Private Loan Programs

We strongly encourages you to pursue all state, federal, and institutional aid available to you first in financing your New England College education.  If you need additional financing after exhausting these sources or if you do not qualify for federal loans there are several lenders who offer alternative/private education loans.   The terms and conditions of private loans may be less favorable than federal loans.  Approvals of private loans are typically based on your credit rating and debt-to-income ratio and may require a co-signer.


New England College does not maintain a preferred lender list.  The below list represents the private lender programs used by our students during the previous school year.  New England College will process your financing options from any participating lender program.

 
We encourage you to thoroughly research lenders to ensure you receive the best rates and services that meet your needs.  Make sure to compare borrower benefits ranging from origination and default fees that can reduce the initial cost of the loan as well as benefits to save money during repayment such as auto-debit interest rate reductions.  Interest rates are typically variable, which means they can change monthly and rates vary amongst private lenders.  For current Prime and London Interbank Offered Rate (LIBOR) information, please go to www.bankrate.com.

 Alternative/Private Loans used by NEC borrowers during the 2010-2011 academic year

 

Chase Select Private Student Loan

Visit:   www.chasestudentloans.com

Call:  1-800-487-4404

 

CitiAssist Student Loan

Visit:  www.studentloan.com

Call:  1-800-788-3368

 

Citizen’s Bank TruFit Student Loan

Visit: www.citizensbank.com/trufitstudentloan

Call:  1-800-708-6684

 

CT Higher Education Supplemental Loan Authority

Visit: www.chesla.org

Call:  1-888-295-0911

 

Digital Credit Union Student Choice Loan

Visit: www.dcu.studentchoice.org

Call:  1-800-324-1589

 

Discover Student Loans

Visit:  www.discoverstudentloans.com

Call:  1-877-728-3030

 

Holy Rosary Credit Union Student Choice Loan

Visit:  www.hrcu.studentchoice.org

Call:  1-866-219-0057

 

Massachusetts Educational Financing Authority Loan

Visit:  www.mefa.org

Call:  1-800-266-0243

 

NJCLASS Loan

Visit:  www.hesaa.org

Call:  1-800-792-8670

 

Sallie Mae Smart Option Student Loan

Visit:   www.salliemae.com

Call:  1-888-272-5543

 

Wells Fargo Collegiate Loan

Visit:  www.wellsfargo.com/student

Call:  1-800-378-5526

 

This list is not an endorsement by the college, you are welcome to chose any private lender.

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CONTACT

Student Financial Services

15 Main Street

Henniker, NH  03242

Phone: 603-428-2226
Fax:      603-428-2404
sfs@nec.edu
SFS Office Hours

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