by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$25,303.00 is the typical New England College’s first year financial aid package. 97% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at New England College.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
95% of new students (443 total) were offered scholarships at New England College, averaging $22,901.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 49% of first years (229 total) were awarded federal grant aid, averaging $5,274.00 each.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 72.53% | $23,768.00 |
| Income 30k-48k | 4.72% | $22,358.00 |
| Income 48k-75k | 2.58% | $18,606.00 |
| Income 75k-110k | 0.00% | $0.00 |
| Income 110k + | 0.21% | $15,000.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
452 NEC undergrads obtain grant aid (this is about 97% of the entire undergraduate student population). The average amount these students receive is $25,303.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.