Payment Information | New England College
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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.

Winter 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.

Payment Options

New England College offers a variety of payment options. We accept:

Personal checks
Personal checks may be mailed to New England College, Student Financial Services, 98 Bridge Street, Henniker, NH 03242. Please send only U.S. dollars drawn from a U.S. bank. Third party checks are not accepted for payment.

Credit cards (MC, Visa, American Express, Discover)
Payment is accepted online at MyNEC. New students please go here to learn more about setting up an account.

Flywire (International Payments)

New England College has partnered with Flywire to offer a secure and streamlined way to make a payment from your home country. Flywire allows you to pay from almost any country offering excellent foreign exchange rates and no hidden fees. You will be able to track the progress of your payment online and receive email and text alerts each step of the way. Multilingual customer support via phone, chat and email is available 24×7 if you need assistance with your payment. 

Click here to start your payment: nec.flywire.com

Need help with your payment? Email: support@flywire.com Phone: +61 283 114 772 Website: flywire.com/support 

Cash
Cash can be accepted at the Office of Student Financial Services. Cash payments of $10,000 or more require a completed IRS Form 8300.

Wire transfer payments (for domestic students)
NEC accepts payments via wire transfer. Please call Student Financial Services at 603.428.2226 for routing and account information as this data can not be released by email.

Tuition Protection Plan

The Tuition Protection Plan can be helpful if a student must withdraw from school after classes begin. It can expand the scope of our current refund policy by offering reimbursement for tuition, housing and other fees no matter when during the semester the withdrawal takes place.

It also includes Student Life Assistance: a 24-hour hotline to make sure students get the help they need in an emergency. For example, if a student is admitted to a hospital, Allianz Global Assistance can make travel arrangements for parents to visit and help him or her get back home after treatment.

Learn more www.gradguard.com/tuition/nec or call 1-866-724-4384. Insurance must be purchased prior to the first day of classes. Coverage extends through the end of that semester.

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 for the traditional undergraduate semesters and the 12-15 week graduate semesters. It is administered by Nelnet Campus Commerce. To enroll in the payment plan, log in to your MyNEC portal at nec.edu/mynecportal, Click Student Services & Financial Aid, Click Online Account then Set up a Payment Plan.  Details about the payment plans options are available at mycollegepaymentplan.com/nec.

 

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.

Return of Federal Financial Aid (Title IV)        

Students who withdraw before 60% of the term is completed will have their eligible federal financial aid recalculated according to the length of their enrollment. The percentage of time the student remained enrolled is the percentage of eligible aid for that period that the student earned. A student who remains enrolled beyond the 60% point earns all federal aid for that period. The return of federal financial aid recalculation is performed independently of institutional costs incurred for the period of enrollment.  The return of federal financial aid recalculation is performed within 30 days of a withdrawal.  Any unearned financial aid paid to New England College for institutional charges will be returned to the source in the following order within 45 days of a withdrawal:

  1. Unsubsidized Federal Direct loans
  2. Subsidized Federal Direct loans
  3. Federal Direct PLUS loans
  4. Federal Pell grants
  5. Federal Supplemental Education Opportunity grants

Students are responsible to pay their New England College account balance due as of a result of a return of federal financial aid recalculation, within 30 days.  There may also be an amount of unearned aid due from the student directly to the Department of Education or to the federal direct loan servicer according to the terms and conditions of the student’s loan master promissory note.

If as a result of the calculation, a student is eligible for federal financial funds that have not yet been disbursed, any grant funds will be disbursed first.  If the student is eligible for loan funds, a notice will be sent to the student to sign and return within fourteen days if they choose to accept the loans.  The student will not be eligible for a post-withdrawal disbursement of loans if the notice is not returned within fourteen days.  Loans are repaid by the student according to their loan master promissory note. 

Return of Unearned Military Tuition Assistance

Students who withdraw before 60% of the term is completed will have their eligible tuition assistance recalculated according to the length of their enrollment. The percentage of time the student remained enrolled is the percentage of eligible tuition assistance for that period that the student earned. A student who remains enrolled beyond the 60% point earns all tuition assistance for that period. The Return of Unearned Tuition Assistance calculation is performed independently of institutional costs incurred for the period of enrollment. Unearned assistance is refunded to the Military Service. Funds are remitted within approximately forty-five days of a withdrawal. If a Service member withdraws due to a military service obligation, the tuition may be waived provided the Service member submits the appropriate documentation to the Student Financial Services Office upon withdrawal.

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

Textbooks and course materials for both undergraduate and graduate courses can be purchased through the online bookstore operated by NEC’s partner eCampus. All textbooks from the bookstore are ordered online and can be shipped to the student’s home or College mailbox. eCampus offers many purchasing options, based on availability, including new condition, used condition, rental, and digital formats. The virtual bookstore accepts credit card payments and eligible students can pay for orders using financial aid funds.

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 online bookstore to the student’s New England College student account.

ATM

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