Tuition
Tuition for students in the School for Graduate and Professional Studies is assessed on a per‐credit basis and is set by the Board of Trustees. Current tuition is listed on the NEC website http://www.nec.edu/admission/financial-aid/graduate-sfs/cost-of-attendance/. Tuition is due the Friday before a term begins.
Payment may be submitted online through MyNEC by check or credit card. An installment plan is also available through MyNEC. Information about the installment plan is available at https://mycollegepaymentplan.com/nec.
All payments and or questions regarding student bills should be addressed to:
New England College
Student Financial Services
98 Bridge Street
Henniker, NH 03242‐3500
Telephone: 603.428.2226
FAX: 603.428.2266
sfs@nec.edu
Graduate and Online Continuing Education 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 & OCE 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.
Financial Aid
Entering students should apply for financial assistance when applying for admission. Aid offers are made only after a student is accepted for admission and the Office of Student Financial Services has received all required forms. Students who are U.S. citizens or eligible non-citizen may apply for financial aid by submitting a Free Application for Federal Student Assistance (FAFSA) at https://studentaid.gov/.
NEC also offers graduate assistantships for qualified graduate students. These positions offer students unparalleled leadership opportunities in the NEC community. The positions are competitive, and are based on prior academic record and practical experience. Assistantships are compensated through a scholarship credited to current tuition. Current assistantships include opportunities in the Outdoor Education Department, Office of Diversity and Inclusion, First-Year Programs, Athletics, Veterans Affairs, Residential Life, Student Engagement, Student Conduct, Advising and Counseling.
In general, most financial aid programs available to graduate students are those offered through the Federal government, such as the Federal Direct Stafford Loan Program (see Financial Aid section in the Undergraduate Catalog for a full description of this program as it relates to graduate students). A student must reapply for financial aid each academic year.
Financial aid awards are credited directly to student accounts upon registration each semester. All required forms must have been received and verified by this time. If a student’s account with the College is paid in full, the student may request a refund of any excess funds to cover other educational costs such as books and supplies.
Refund Procedure: 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 complete information and application forms, contact:
New England College
Student Financial Services
98 Bridge Street
Henniker, NH 03242‐3500
Telephone: 603.428.2226
FAX: 603.428.2266
sfs@nec.edu
Federal Financial Aid (Title IV) and Withdrawal
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. The percentage of time the student was not enrolled up to 60% is the amount of aid unearned. 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. This calculation will determine the amount of aid earned versus unearned.
Students who receive a passing grade or a Failure (F) are considered to have completed the course. A student who did not receive a passing grade or a Failure (F) is considered to be unofficially withdrawn. Students who do not withdrawal officially but do not complete the course, receive an Administrative Withdrawal (ADW) grade. Students who receive all ADW grades are considered unofficially withdrawn and will have the 50% point of the term used as their withdrawal date.
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:
- Unsubsidized Federal Direct loans
- Subsidized Federal Direct loans
- Federal Direct PLUS loans
- Federal Pell grants
- 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 required to be 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.
Satisfactory Academic Progress
Satisfactory Academic Progress is required by federal law (34 CFR 668.34) to measure a student’s completion of coursework toward a degree. The Student Financial Services Office monitors the progress of each student to determine if the student meets federal guidelines for receiving financial aid. Students must make both quantitative (pace) and qualitative (GPA) progress toward their program each year to receive financial aid. Students who do not maintain the minimum standards for grade point average and pace of progression may lose their eligibility for federal, state and/or institutional financial aid. Academic progress will be measured at the end of each student’s academic year, or at the midway point for programs under one year. All financial aid applicants are subject to the satisfactory academic standards whether or not they have received financial aid previously.
Students must maintain a Cumulative Grade Point Average (GPA) of 3.0.
Grades of I, P, NR, AU, ADW, ADI, W, T, and WD are not used in grade point calculations. Please refer to the College catalog Academic Policies and Resources for the complete grading system. Students may receive financial aid for repeating a previously passed course once or a failed course until it is passed. The higher grade for the repeated course is used in the grade point average calculation.
Students must successfully complete a minimum of 67% of all credits attempted throughout their academic history as a graduate student at New England College.
Transfer credits earned at other institutions and accepted by New England College are included as credits attempted and earned. Graduate students may receive financial aid for up to a total of 150% of the total number of attempted credit hours required for their degree.
Students who fail to meet the satisfactory academic progress standards will be placed on financial aid termination and will be ineligible to receive financial aid. Students on termination must pay educational expenses from personal resources or private lenders that do not require a student to maintain Satisfactory Academic Progress.
Appeals
Students failing to meet Satisfactory Academic Progress due to extenuating circumstances may appeal the termination.
Extenuating circumstances may include: prolonged illness/death of an immediate family member, medical illness that created hardship to the student, military activation, change in educational objective, documented learning disability, or other acts beyond control of the student. Students must submit a complete Satisfactory Academic Progress Appeal form to the Student Financial Services Office within 14 days of notification of termination. Students must attach all necessary supporting documentation such as doctor’s notes, accident reports, etc. Appeals will be reviewed within 14 days of receipt. Incomplete appeal forms or missing supporting documentation not received within 14 days’ timeframe will result in a denied appeal. Decisions regarding appeals will be made in writing to the student.
If an appeal is approved, the student will be either placed on a semester of financial aid probation or on a specific academic plan. If the student is on a semester of financial aid probation, they will be eligible to receive financial aid during the probationary semester and must meet Satisfactory Academic Progress by the end of the semester to remain eligible for financial aid. Students on an academic plan must meet the terms of the plan for the duration of the academic plan to remain eligible for financial aid.
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