Scholarships, Grants, and Loan Trends at NEC

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,367, which is 79.22 % of all undergraduate students. 1,327 students which is 76.33% of undergraduate students received federal student loans and the average loan amount is $7,571.
For full-time, first-time beginning students (freshmen), 93.67% of students received grants or scholarships and 83% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at New England College since 2013.
For that period, the average number of students who received grants aid/scholarships is 1,367, which is 79.22 % of all undergraduate students. 1,327 students which is 76.33% of undergraduate students received federal student loans and the average loan amount is $7,571.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,201 (82%)$14,560739 (50%)$4,1121,131 (77%)$8,035
2014-151,346 (79%)$13,760902 (53%)$4,1271,343 (79%)$8,123
2015-161,451 (77%)$14,590973 (51%)$4,3831,446 (76%)$8,025
2016-171,390 (79%)$15,668916 (52%)$4,1111,360 (77%)$7,783
2017-181,486 (81%)$17,330990 (54%)$4,3581,439 (78%)$7,668
2018-191,720 (88%)$18,2391,059 (54%)$4,3751,600 (81%)$7,245
2019-201,265 (68%)$21,654924 (50%)$4,7301,454 (78%)$7,224
2020-211,405 (79%)$23,703815 (46%)$4,9061,288 (73%)$7,311
2021-221,041 (80%)$23,544561 (43%)$4,986883 (68%)$6,722
Average1,367 (79.22%)$18,116875 (50.33%)$4,4541,327 (76.33%)$7,571

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 351 (93.67 % of students) received grants or scholarships and its average amount is $23,327. It can cover 86.03% of tuition & fees ($27,114).
In addition, 314 (82.78 % of students) students get helped from the students loans (average amount : $8,854).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14344 (92%)$18,118310 (83%)$8,737
2014-15316 (90%)$17,269273 (78%)$9,770
2015-16378 (89%)$21,237344 (81%)$9,459
2016-17316 (92%)$22,744278 (81%)$8,634
2017-18448 (94%)$24,489410 (86%)$9,010
2018-19456 (98%)$24,759395 (85%)$8,810
2019-20452 (97%)$25,303453 (97%)$7,728
2020-21256 (93%)$26,748214 (78%)$8,513
2021-22196 (98%)$29,272151 (76%)$9,028
Average351 (93.67%)$23,327314 (82.78%)$8,854
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 191 (50.22 % of students) received Pell (federal) grants and its average amount is $4,642.
In addition, 37 students received State/local government grants/scholarships (10.00 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14194 (52%)$4,117131 (35%)$1,06275 (20%)$602292 (78%)$17,977
2014-15191 (54%)$4,18993 (26%)$1,11230 (9%)$2,402260 (74%)$17,237
2015-16209 (49%)$4,288125 (29%)$1,09234 (8%)$2,024329 (77%)$21,052
2016-17189 (55%)$4,27798 (29%)$1,08228 (8%)$1,989284 (83%)$21,890
2017-18267 (56%)$4,658103 (22%)$1,20526 (5%)$1,547406 (85%)$23,555
2018-19244 (52%)$4,661148 (32%)$1,03850 (11%)$1,752444 (95%)$22,323
2019-20228 (49%)$4,93482 (18%)$1,01048 (10%)$1,753443 (95%)$22,901
2020-21122 (45%)$5,243--30 (11%)$2,759233 (85%)$26,288
2021-2279 (40%)$5,40854 (27%)$1,26115 (8%)$3,667194 (97%)$26,737
Average191 (50.22%)$4,642104 (27.25%)$1,10837 (10.00%)$2,055321 (85.44%)$22,218
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 10 years, on average, 314 (82.78 % of students) get any students loan help and its average loan amount is $314.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14310 (83%)$8,737310 (83%)$7,15636 (10%)$13,620
2014-15273 (78%)$9,770270 (77%)$7,00547 (13%)$16,507
2015-16344 (81%)$9,459343 (81%)$6,60863 (15%)$15,673
2016-17278 (81%)$8,634277 (81%)$6,48648 (14%)$12,574
2017-18410 (86%)$9,010403 (84%)$6,59070 (15%)$14,835
2018-19395 (85%)$8,810389 (83%)$5,75884 (18%)$14,762
2019-20453 (97%)$7,728360 (77%)$5,81594 (20%)$14,973
2020-21214 (78%)$8,513213 (78%)$5,62646 (17%)$13,554
2021-22151 (76%)$9,028147 (74%)$5,30639 (20%)$14,957
Average314 (82.78%)$8,854301 (79.78%)$6,26159 (15.78%)$14,606
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