2021-2022 Residential Undergraduate Catalog 
    
    Oct 08, 2024  
2021-2022 Residential Undergraduate Catalog [ARCHIVED CATALOG]

Tuition and Fees



Telephone: 603.428.2226
Email:
sfs@nec.edu

Full‐time Students

Full‐time students are those who register for 12‐18 credits per semester. An additional charge of $1,230 will be incurred for each credit over 18 credits. *Students who have completed at least 16 credits at NEC with a cumulative grade point average of 3.50 or higher may register for a maximum of 20 credits without incurring an overload charge.

Part‐time Students

Part‐time students are degree‐seeking students who register for fewer than 12 credits. Part‐time students pay $1,886 per credit. They must also pay the financial deposit and applicable student fees each semester. All students in College housing are required to pay full‐time tuition regardless of credit load. Part-time students are not eligible for merit scholarship or NEC need‐based grant funding.

Internships

The cost for an internship shall be the same as for any other course. Internships are subject to extra credit charges if more than 18 credits are taken during one semester.

NHCUC Exchange Program Students

New England College students attending other New Hampshire College and University Council (NHCUC) institutions on a full‐time basis must pay New England College’s full-time tuition. Any other fees required by the NHCUC institution are to be paid directly to that institution. Full‐time students from other NHCUC institutions who attend New England College must pay their home institution’s full-time tuition. Any other fees required are to be paid directly to New England College.

Residence Halls

Residential Life and Housing fosters a positive living and learning environment for approximately 800 residential students. Five full‐time professionals and 24 highly trained student staff members administer residence hall services and community standards. College housing policies are contained in the New England College Student Handbook. This information can be found on-line at http://www.nec.edu/student-life/student‐handbook. The residence halls are for full‐time enrolled New England College students. As a residential college, all students are expected to live in college-owned‐and‐managed residential facilities for three years. Exceptions to this policy may be made on an individual basis through the petition to move off campus process. Please note that students who are 23 years of age or older by August 1st of the upcoming academic year, married or have civil‐union status, have a child (or children), have a permanent home address with a parent or guardian within a 60‐mile radius of campus, or who have been previously approved for an off campus medical accommodation may be exempt from this housing requirement. All residential students are required to purchase a meal plan. All housing and meal plan contracts are binding agreements made for the entire academic year. Contact Residential Life and Housing at 603.428.2242 or reslife@nec.edu for more information.

Current students who are required to live on campus for the following academic year and who do not select a room and meal plan during the room selection process will be assigned an on‐campus room and a 300‐block meal plan and be charged accordingly. Likewise, new students who are required to live on campus who do not submit completed Housing and Meal Plan contracts by August 1 will be assigned a room and a 300-block meal plan and be charged accordingly.

Prior to moving in to their assigned room, all students will be required to sign Housing and Meal Plan contracts. Students who choose not to occupy their assigned room will be charged for the full cost of their room based on the above stated requirements. Likewise, students who choose to not make use of their meal plan will be charged for the full cost of their meal plan based on the above stated requirements.

Type of Room  Cost per Semester Cost per Year
West, Colby, Connor Double $3,446 $6,892
Charter, Colby, Bridge St., Union, West, East Single $5,348 $10,696
Sanborn Double, Charter Triple, Sanborn Triple $4,000 $8,000
Sanborn Single $5,020 $10,040
Charter Apartment $5,180 $10,360
Rowe Single $4,385 $8,770
Rowe Apartment $5,348 $10,696
Bridge St., East, Charter, Fitch, Lewin, Union Double $4,787 $9,574
Colby, Connor, West, East, Fitch Triple $3,446 $6,892

*Certain limitations apply. Please contact Residential Life and Housing for more details.

Housing Contract Release & Termination

  • All housing contracts are binding agreements made for the entire academic year. Students are subject to meal plan requirements based on their class year/credits.
  • Eligible students who participate in Room Selection will have until April 30, 2021 to opt out of their Housing Contract WITHOUT penalty, HOWEVER, any student who chooses to live in a “community living environment” (suite or apartment) will NOT be eligible for voluntary contract release at any point after room selection.
  • Between May 1, 2021 and July 31, 2021, eligible students wishing to opt out of their Housing Contract must submit a request in writing to the Residential Life and Housing Office. They will be released and charged a $1,500 Contract Release fee. After July 31, 2021, students are financially responsible for the charges associated with the Housing Contract for the entire academic year.
  • Students who are released from their housing contract or otherwise separate from the College for conduct or other reasons are not eligible for a refund of any housing related charges.
  • Students who fail to maintain full-time status may be removed from their housing assignment at the discretion of the Director of Residential Life and Housing or a designee.
  • Any student whose account has been placed on a “hold” by Student Financial Services or by the Wellness Center may be asked to vacate the residence halls until their account is “cleared” by the respective office. Once the hold is cleared, the student must fulfill the remainder of their housing contract.

Dining Services

Meal Plans

Gilmore Dining Hall contains dining rooms and provides cafeteria‐style service, with two segments of seating in a bright, open floor plan. At this facility, students may use their meal plan allowances or pay in cash. The Simon Center houses the café which is a “to-go” option. At this facility, students may use their Flex Cash or pay in cash. All meals are planned and prepared under supervision of a contract food service.

The College has established the following meal plan policy for students:

  •  Upper-class residential students are required to select one of four meal plans ‐ 300, 240, 160, or 110 block plans, each of which have their own allotment of Flex Cash; Only seniors are eligible to purchase an 80-block meal plan. Once a meal plan has been selected, it cannot be decreased, only increased.
  •  All resident students in their first academic year at the College are required to purchase a 300- or 240-block meal plan. Once a meal plan has been selected, it cannot not be decreased, only increased.
  • Non-residential undergraduate and graduate students may select any one of the five residential meal plan options (i.e. 300, 240, 160, 110, 80) or one of the commuter meal plan options (Commuter 50, 25, or 10). These selections are binding for the duration of the term indicated on the contract and no refund will be given for canceling the meal plan at any point after the contract has been submitted. Once a meal plan has been selected, it cannot be decreased, only increased.

Meal Plan Contract Release & Termination

  • Eligible students (i.e. commuters and students who have successfully petitioned to be released from the Housing Requirements and/or Housing Contract) will have until April 30, 2020 to opt out of their Meal Plan Contract WITHOUT penalty.
  • Between May 1, 2021 and July 31, 2021, any eligible student wishing to opt out of their Meal Plan Contract must submit a request in writing to the Associate Dean of Students. They will be released and charged a $1,500 Contract Release fee.
  • After July 31, 2021, students are financially responsible for the charges associated with the Meal Plan Contract for the entire academic year.
  • Residential students will not be released from the meal plan contract unless they no longer attend New England College. Exceptions to this policy are made through a petition to be released from the meal plan on the grounds of a disability accommodation or financial hardship, as determined by the Director of Student Access and Accommodations and the Director of Student Financial Services, respectively.
  • Students who are suspended from the College for conduct reasons or separate from the College for other reasons are not eligible to receive a refund for their flex cash or meal plan.

Please contact the Residential Life and Housing for more information. All meal plan contracts are binding agreements made for the entire academic year. Once a meal plan has been selected, it cannot be decreased, only increased.

 

Meal Plan Name # of meals per semester Amount of Flex Cash per semester Cost per semester Cost per year
300 Block 300 $100 $4,176 $8,352
240 Block 240 $200 $3,449 $6,898
160 Block 160 $250 $2,957 $5,914
110 Block 110 $400 $2,491 $4,982
80 Block 80 $400 $2,317 $4,634

Flex Cash

Each meal plan also includes a starting balance of Flex Cash. The amount is added to each student’s ID card and may be used in either Gilmore Dining Hall, the Simon Center Café, or the Lyons Center Cafe to purchase additional meals for the meal plan participant or a guest.

Any unused Flex Cash from the Fall semester will “roll over” into the Spring semester. Any unused Flex Cash funds will be lost at the end of the Spring semester and will not “roll over” to the Fall semester.

The Institute of Art and Design at New England College

The Institute of Art and Design at New England College has three residence halls, Lowell, Hampshire, and Institute.  All policies listed above for the Henniker campus regarding housing and meal plan requirements and release and termination are in effect for the Manchester campus.  Students on the Manchester campus have a choice of single, double, or triple rooms and all students must purchase a meal plan.  Manchester prices are listed below:

Room - 32 Weeks Per Semester Per Year
Single $5,090 $10,180
Double $4,090

$8,180

Triple $3,670 $7,340
     
Board    
300 Block $4,176

$8,352

240 Block $3,449 $6,898
160 Block $2,957 $5,914
110 Block $2,491 $4,982
80 Block (Seniors Only) $2,317 $4,634

 

Student Health Services

New England College is concerned with the promotion of good health and the prevention of sickness and injury among its students. The Wellness Center provides a variety of services that are essential to the welfare of our student body. Services for minor illness and injury are provided by nurse practitioners or a medical doctor. The Center can arrange referrals and transportation to doctors’ offices and hospitals within 45 minutes of campus. A Health Administration fee is assessed to all full‐time students.

Student Health Insurance

A copy of the student medical insurance plan is available through the Office of Student Financial Services or crossagency.com/nec. The plan is mandatory and students are billed for this coverage. The premium is subject to final determination by the College’s insurance carrier. If the student is adequately covered under a current policy in the state of NH, New England College insurance coverage can be waived by completing the online waiver at crossagency.com/nec prior to the start of the fall semester. However, College policy requires that all international students be covered under the New England College plan. This coverage cannot be waived. The College highly recommends that all students participating in Club Sports carry this insurance coverage.

Summary of College Expenses

Basic expenses for students at New England College during the 2021-2022 academic year are:

Tuition $39,388
Student Services Fee $1,252
Room (Shared) $9,574
Board (240 Block) $6,898
Health Insurance $1,650
Estimated Total $58,762

Financial Reserve Charge

Included in the enrollment deposit is a one-time financial reserve charge. This reserve will be returned, less any outstanding charges, upon graduation or official withdrawal from the College. An official withdrawal requires both written notification of withdrawal and completion of a withdrawal interview.

Other Fees


Breach of housing and/or meal contract: $1,500
Identification Card: $25 (first replacement)
Improper Checkout: $150
Late Payment Fee: $200
Life Safety Tampering Fee: up to $500

Tampering with, disabling or otherwise misusing life safety equipment (smoke detectors, fire extinguishers, sprinkler heads, door locks, etc.) will result in an automatic charge of $150 plus the costs of repair. This charge will be assessed against a residence hall if the perpetrator is unknown. In the case of an individual student, this charge will be over and above any fines levied through the College judicial system.

Official Transcript: $5 Electronic, $10 Paper
Replacement Diploma Fee: $35
Returned Check Fee: $50

Study Abroad/Away Application Fee: $250
($50 non‐refundable)
Parking Permit, per year: $150

Payment Schedule

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

Fall Semester

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

Spring Semester

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

January, Winter, and Summer Terms

January, Winter, and Summer term charges are due prior to the start of the term.

Payment Policy

Checks may be made payable to New England College and checks must be drawn on U.S. banks. 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. International payments including international currency or international wire transfers may be made online at nec.flywire.com. Flywire offers 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 24x7 if you need assistance with your payment at support@flywire.com or 800-346-9252.

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 portal.

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

New England College
Office of Student Financial Services
98 Bridge Street
Henniker, NH 03242

Arrears

Neither transcripts nor diplomas will be issued to any student whose account is in arrears. Students who are in arrears will not be allowed to participate in their Commencement ceremony. 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 Loans.

Payment Plans

New England College offers an interest‐free monthly payment plan administered by Nelnet Business Services. Applications should be submitted in the MyNEC portal by July 15 for the fall semester plan that runs August 10 - November 10. If you are using the 5‐pay plan for the spring semester, you must sign up by December 15.  More information about the payment plan is available at mycollegepaymentplan.com/nec.

Tuition Management Systems, Inc.
Interest Free Monthly Payment Options
P.O. Box 842722
Boston, MA 02284‐2722

www.nec.afford.com
1.888.437.3430

Refunds for Withdrawal, Suspension or Dismissal

If an undergraduate 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 VPAA notifying the student of his/her suspension or dismissal.

See section on the School of Graduate and Professional Studies for details on the withdrawal and refund policies for graduate programs.

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. 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: 

  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 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.

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.

An ATM is available in the Simon Center.

Textbooks and course materials for both undergraduate and graduate courses can be purchased through the online bookstore operated by NEC’s partner eCampus at nec.ecampus.com. 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.

Financial Assistance

Telephone: 603.428.2226
email:
sfs@nec.edu

The Office of Student Financial Services at New England College provides personal attention with billing and financial assistance matters to students and parents from the time of initial inquiry through the completion of his/her studies.

Need Determination

Financial need is the difference between the total cost of education and the amount of money the student and family can contribute to meet these expenses, as calculated by Federal and Institutional guidelines. Financial need is related to the cost of education; a family with a comparatively high standard of living may demonstrate financial need if the student is attending a private college as opposed to a low‐cost public college. Special family circumstances may also be considered in determining the level of assistance offered and should be brought to the attention of the Office of Student Financial Services.

Expected Family Contribution

Parents are expected to contribute to the cost of a student’s education, taking into consideration their income, assets, number of dependents, and other relevant information. Students are expected to contribute from summer earnings, savings, and by borrowing against future earnings when appropriate.

Types of Financial Assistance Available

New England College awards financial assistance in the form of scholarships, grants, loans, and work opportunities. Students applying for financial aid are considered for all programs for which they are eligible, and the financial aid award is a combination of scholarship or grant, loan, and work opportunity depending on need. The actual aid award for each student depends upon the respective level of financial need and annual allocations of federal, state, and college funds as well as the timely completion of the aid application, so please adhere to the established priority deadlines.

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 semester 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 payment period. Interim terms (J‐Term, Summer) are evaluated with the following payment period.

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) as per the chart below.

Credits attempted Minimum GPA requirement
0‐18 1.30
19‐32 1.50
33‐48 1.70
49‐68 1.80
69‐+ 2.00

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 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 complete a percentage of credits attempted as per the chart below.

Credits attempted Minimum credits earned as a percent of credits attempted
0‐18 0%
19‐32 30%
33‐48 45%
49‐68 56%
69‐+ 67%

Transfer credits earned at other institutions and accepted by New England College are included as credits attempted & earned.

The minimum credit hours required to receive an undergraduate degree is 120 credits. Undergraduate students must not exceed 180 attempted credit hours in order to remain eligible for financial aid.

Financial Aid Warning and Termination

Students who fail to meet the satisfactory academic progress standards will be placed on one semester of financial aid warning. During the financial aid warning semester, students are permitted to receive financial aid. Students who meet the satisfactory academic progress at the end of the warning semester will return to good standing. Students who fail to meet the standards at the end of the warning semester will be placed on financial aid termination and will be ineligible to receive financial aid. Students on termination must pay educational expenses from personal funds.

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 the 14 day time-frame 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 that 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. Students requesting reinstatement of financial aid should submit a request to the Student Financial Services Office once they have met the Satisfactory Academic Progress standards.

Financial Aid Programs

New England College participates in the following financial aid programs:

Federal Pell Grants

A Federal Pell Grant is a federally administered program that awards grants to undergraduate students seeking their first baccalaureate degree. It is awarded on the basis of exceptional financial need. All undergraduate financial aid applicants are required to apply for a Pell Grant by completing the Free Application for Federal Student Aid (FAFSA).

Supplemental Education Opportunity Grants

A Federal Supplemental Education Opportunity Grant (FSEOG) is a federal grant administered by New England College. FSEOG is awarded to undergraduate students demonstrating exceptional financial need. In compliance with federal regulations, priority in awarding is given to students that are Federal Pell Grant recipients.

State Student Incentive Grants

State grants are administered by the state in which the student resides. Each state stipulates its own eligibility criteria. Each student is responsible to meet state application guidelines.

New England College Grants

New England College offers a limited number of need‐based grants for undergraduate students. Students must have a complete financial assistance application on file and have demonstrated need in order to be considered for these grants. Students must maintain satisfactory academic progress and must not be placed on social probation for the grants to be renewed. Students who drop below full‐time status will not be eligible for NEC Grant consideration.

Federal Direct Subsidized Loans

A Federal Direct Subsidized Loan is a low interest, federally subsidized loan awarded on the basis of need. To apply, students should complete the Free Application for Federal Student Aid at fafsa.ed.gov. If the first disbursement of the subsidized loan is between July 1, 2021 and June 30, 2022, the interest rate on the loan is fixed at 3.73%.

Repayment normally begins 6 months after the student graduates or enrolls for less than half time. Depending on need and course load, first‐year students may borrow up to $3,500, sophomores may borrow up to $4,500, and juniors and seniors may borrow up to $5,500 each year. The total amount in Federal Direct Subsidized Loans a student may borrow as an undergraduate is $23,000.

Following graduation, students may be eligible to consolidate their federal loans or repay them on a graduated basis tied to student income. For more information on Direct Loans, visit studentaid.gov.

Federal Direct Unsubsidized Loans

A Federal Direct Unsubsidized Loan is insured by the government. It provides an opportunity for students to benefit from the low interest of the Federal Direct Loan Program when they are not eligible for a subsidized loan or are eligible for less than the maximum annual limit due to federal financial need requirements. All provisions of the Federal Direct Loan apply, except that students are responsible for paying the interest on the loan that accrues while the student is enrolled. Undergraduate dependent first‐year students may borrow up to $3,500, sophomores may borrow up to $4,500, and juniors and seniors may borrow up to $5,500 each year. The total amount in Federal Unsubsidized Loans a student may borrow as a dependent undergraduate is $23,000. Undergraduate independent first‐year students may borrow up to $7,500, sophomores may borrow up to $8,500, and juniors and seniors may borrow up to $10,500 each year. The total amount in Federal Direct Unsubsidized Loans a student may borrow as an independent undergraduate is $46,000. Graduate students may borrow up to $20,500 per year with an aggregate total of all Federal Direct Loans of $138,500. For more information on Direct Unsubsidized Loans, visit studentaid.gov.

Federal Work‐Study

The Federal College Work‐Study Program is a federally funded student employment program. Students are placed in various jobs on or off campus and receive a paycheck for hours worked. Eligibility is based on need and the timely submission of the FAFSA. A student’s earnings under the Federal College Work‐Study Program are paid every two weeks via direct deposit to the student’s bank.

Federal Direct PLUS

The Parent Loan for Undergraduate Students (PLUS) is an additional loan that may be borrowed toward the cost of education. The PLUS is a federal loan for parents of dependent students enrolled at least half time. Parents without adverse credit history may borrow up to the difference between the cost of education and any other forms of expected financial assistance. The interest rate for the Direct PLUS loan is 6.28%. The disbursement fee for these loans is 4.228%. Repayment of PLUS loans begins 60 days after the loan is fully disbursed however an in‐school deferment option is available. For more information on PLUS loans visit studentaid.gov.

Private Student Loans

We strongly encourage the pursuit of all state, federal, and institutional aid available first in financing a New England College education. If additional financing is needed after exhausting these sources or if a student does 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 credit rating and debt‐to-income ratio and may require a co‐signer.

New England College does not maintain a preferred lender list. A list representing the private lender programs used by our students during the previous school year is available through Student Financial Services or at nec.edu/loans. New England College will process your financing options from any participating lender program.

We encourage thorough research of lenders to ensure the best rates and services are received. Comparison of 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 should be reviewed. 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.

Other Opportunities

Private foundations and organizations offer programs to help meet the cost of post-secondary education. Students are encouraged to contact such organizations directly to inquire about available programs. The Office of Student Financial Services has a scholarship resource library available for students to use while visiting the office. In addition, scholarship information may be accessed online at www.finaid.org.

Tuition Prepayment Plan

The Tuition Prepayment Plan is offered to New England College students and families to prepay up to four years of undergraduate tuition. It is available to students and their parents who are not receiving institutional scholarship/grant assistance and exempts the student from future tuition increases. Room and board and other College charges will be subject to annual increases. Contact the Office of Student Financial Services for further details.

Applying for Financial Aid

New Students

For those who wish to apply for need‐based financial assistance, first‐year and transfer students are strongly encouraged to apply for financial assistance concurrently when applying for admission. Offers of financial aid are made only after a student is accepted for admission and the Student Financial Services Office has received all required documentation. Students who are U.S. citizens or eligible non-citizens may apply for financial assistance by submitting a Free Application for Federal Student Aid (FAFSA) at studentaid.gov. New England College’s code for the FAFSA application is 002579. International students apply by completing the CSS Financial Aid Profile at student.collegeboard.org/css-financial‐aid‐profile

Students are encouraged to apply for aid as early as possible while applying for admission. Students may file the FAFSA online at studentaid.gov after October 1 of the New Year for students entering that upcoming Fall semester. For complete filing instructions, please go to https://www.nec.edu/admission/financial-aid/undergraduate-sfs/apply-financial-aid/.

A financial aid award letter will be sent to notify students regarding the financial aid award offer as well as provide information about award components.

Please note that the priority filing deadline for financial assistance is March 1.

Returning Students

All students must reapply for financial aid each academic year by filing the FAFSA as well as providing other requested documentation.

Please note that the priority filing deadline for financial assistance for returning students is March 1.

Student Accounts

If all required documents have been received and verified, financial aid awards are credited directly to the student’s account at the beginning of each semester after the add/drop period. If a student’s account with the College is paid in full and has a credit balance, the student may request a credit refund to cover other educational costs such as books and supplies or off‐campus living expenses. Requests should be made in writing to the Office of Student Financial Services or by email to sfs@nec.edu. If you plan to use your refund to help pay for off campus expenses, please plan to cover the first two months of each semester on your own to account for any delays in receiving funds from federal, state or other outside sources.

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.

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 calculation is performed independently of institutional costs incurred for the period of enrollment.

External Resources

All students are encouraged to pursue scholarship programs available through service clubs, church groups, and businesses located in their hometowns. In addition, many students and parents qualify for tuition assistance through employment benefits, military service, or state social agencies. Students are expected to inform the Office of Student Financial Services of any external grant or scholarship, or resource assistance. In most instances, these external grants will help meet a greater portion of financial need and reduce the loan portion of the aid package. External resources will be reviewed on a case by case basis to ensure each student does not exceed institutional and/or federal need calculations.

Merit‐based Scholarships

Merit‐based scholarships are awarded to New England College’s residential undergraduate students based on the following criteria:

  • a student must maintain Satisfactory Academic Progress
  • students receiving NEC scholarships may not be placed on any kind of academic or social probation
  • students who move off campus will have their scholarships reduced by a prorated amount;
  • scholarships to students who do not maintain full‐time status will be prorated according to the student’s course load; and
  • scholarships to students who do not maintain half‐time status will be eliminated.

Incoming students are automatically reviewed for scholarship eligibility and awards are generally renewable on an annual basis.

All admitted students are considered for a merit scholarship at the time of admission to New England College. The names of our scholarships are listed below:

  • Presidential Scholarship
  • Alta Petenda Scholarship
  • New England Scholarship
  • Leadership Scholarship
  • Transfer Scholarship
  • Legacy Scholarship

Restrictions to Institutional Awards

Students receiving any form of tuition remission to attend New England College are not eligible to receive any institutional scholarship. NEC Plus students and the 100%online programs are not eligible to receive merit based awards as they are already attending at a substantially discounted rate. Students are not eligible for more than one New England College scholarship.

Henniker Area Scholarship

Students graduating from Hillsboro‐Deering High School, Hopkinton High School, John Stark Regional High School, and Kearsarge Regional High School are automatically awarded the Henniker Area Scholarship or merit scholarship listed above (the higher of the two) upon acceptance to New England College. This scholarship provides half priced tuition each year.

Endowed Scholarships

New England College students will be considered for a range of merit‐ and need-based endowed scholarships.