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Student Financial Services Financial Aid FAQ’s

Do I need to wait until filing my taxes to complete the FAFSA?

No need to wait. You may file your FAFSA with estimates and update it once your taxes are complete. We encourage you to file as early as possible. You may receive an adjusted financial aid award once the actual tax figures are entered.

Do I need to be admitted before I can apply for financial aid at New England College?

You may apply for financial aid any time after October 1. To actually receive funds, you must be admitted to a degree granting program at New England College.

What is New England College’s FAFSA code?

The school code for New England College is 002579.

What do I have to do to file for financial aid?

Complete the Free Application for Federal Student Aid (FAFSA).

What is NEC’s priority deadline for filing for financial aid?

Our priority deadline is March 1.

I might not qualify for aid. Should I apply for aid anyway?

Yes. Many families mistakenly think they don’t qualify for aid and there are sources of aid such as the Unsubsidized Stafford loan and PLUS loan that are available regardless of need. We encourage everyone to apply.

Do I have to reapply for financial aid every year?

Yes, the FAFSA must be renewed annually. Your federal, state and New England College need-based aid is determined annually. Merit scholarships are renewable provided students meet the minimum requirements for the award.

What are the billing deadlines each semester?

The fall semester billing deadline is July 15. The spring semester billing deadline is December 15.

If you have more questions, please ask. We understand the process and are eager to help.

What is Financial Aid?

Financial aid is the term used for all types of assistance to pay for college. Financial aid includes grants, scholarships, loans and work study. Financial aid comes from various sources such as the Federal Government, New England College, states and private organizations.

How do I apply for financial aid?

U.S. Citizens and eligible non-citizens submit the Free Application for Federal Student Aid (FAFSA) at fafsa.ed.gov. International Students/Non-US Citizens (only) submit the CSS Profile at collegeboard.org.

When will I receive my financial aid award letter?

Students who have already filed their FAFSA and have been accepted to NEC would receive an award letter or a request for additional information within approximately 1-2 weeks of submitting the FAFSA.

How do I accept the financial aid offered in the award letter?

If you need to submit additional documents, you will receive an email from New England College Student Financial Services requesting documentation. You can also view your requirements online through MYNEC, linked from this page, once you have your MYNEC login. If you are receiving Federal Direct Student Loans, you will complete the Direct Loan Master Promissory Note and Entrance Counseling online at studentloans.gov anytime between May 1 and June 15. Please review and respond to requests timely.

When is the first tuition payment due?

The fall semester tuition invoice is mailed and made available online through MYNEC June 15. The fall semester invoice is due by July 15. Spring semester invoices are due by December 15.

What does the $300 enrollment deposit cover?

One half of the deposit ($150) will be applied to the fall semester invoice. The remainder ($150) is held in reserve until the final semester of enrollment.

There is a gap between my tuition and financial aid. How can I cover that cost?

There are several options available. We suggest using a combination of the options. Payments may be made by check, Visa, MasterCard, Discover or American Express by phone or online. A ten month interest-free payment plan is available at nec.afford.com. Financing is available through the Federal Parent PLUS loan program at studentloans.gov and through private banks. Our staff can assist you in finding the best option(s) for you and your family. Parents may apply for the Parent PLUS loan at studentloans.gov after April 15.

Can financial aid cover the cost of books and supplies?

If your approved financial aid is greater than the amount of your tuition bill, you may request a book voucher from the Student Financial Services Office during the first week of the semester and use this to purchase books and supplies at the Campus Bookstore. Alternatively, you may request a refund check to be issued for any excess financial aid funds. Please note that refund checks are available approximately 3 – 4 weeks into the semester. You would need to purchase your books and supplies up front and use the financial aid excess funds as a reimbursement if you are not purchasing from the Campus Bookstore. You may also pay with cash, check or credit card at the Campus Bookstore.

How do I apply for additional assistance?

Parents of FAFSA dependent students may apply for the Federal Parent PLUS Loan program any time after April 15, 2019 at studentloans.gov. Information about the PLUS Loan program is available at studentaid.gov. Also, be sure to visit your college counseling office for information about private scholarships that may be available in your area.

Our Parent PLUS Loan was denied. Do we have other options?

Yes! The parent may add an endorser (co-signer) to a Parent PLUS loan application at studentloans.gov or they may appeal a denial by calling 1-800-557-7394.

Is my New England College Scholarship renewable?

Yes! You can receive your NEC merit scholarship for all four years, provided you maintain the requirements for satisfactory academic progress and continue to be enrolled full-time. (The complete SAP policy is available in the College catalog.)

How can we protect our investment?

We recommend enrolling in The GradGuard Student Protection Plan. This tuition refund insurance program provides a 100% refund for a medical withdrawal, emergency roadside assistance, cell phone damage protection and other benefits. Information about enrolling in the program will be sent with your tuition invoice in June.

We still have many questions/concerns about financial aid. Who can help us?

Please reach out to the Student Financial Services Office. Our staff is here to help you navigate this important investment. We are happy to meet in person, or speak via phone or email so that you get all of your questions answered. You can reach us at 603.428.2226 or sfs@nec.edu.