How NEC's Financial Aid Changes

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.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,201 (82%)	$14,560	739 (50%)	$4,112	1,131 (77%)	$8,035
2014-15	1,346 (79%)	$13,760	902 (53%)	$4,127	1,343 (79%)	$8,123
2015-16	1,451 (77%)	$14,590	973 (51%)	$4,383	1,446 (76%)	$8,025
2016-17	1,390 (79%)	$15,668	916 (52%)	$4,111	1,360 (77%)	$7,783
2017-18	1,486 (81%)	$17,330	990 (54%)	$4,358	1,439 (78%)	$7,668
2018-19	1,720 (88%)	$18,239	1,059 (54%)	$4,375	1,600 (81%)	$7,245
2019-20	1,265 (68%)	$21,654	924 (50%)	$4,730	1,454 (78%)	$7,224
2020-21	1,405 (79%)	$23,703	815 (46%)	$4,906	1,288 (73%)	$7,311
2021-22	1,041 (80%)	$23,544	561 (43%)	$4,986	883 (68%)	$6,722
Average	1,367 (79.22%)	$18,116	875 (50.33%)	$4,454	1,327 (76.33%)	$7,571

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

Overview

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
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	344 (92%)	$18,118	310 (83%)	$8,737
2014-15	316 (90%)	$17,269	273 (78%)	$9,770
2015-16	378 (89%)	$21,237	344 (81%)	$9,459
2016-17	316 (92%)	$22,744	278 (81%)	$8,634
2017-18	448 (94%)	$24,489	410 (86%)	$9,010
2018-19	456 (98%)	$24,759	395 (85%)	$8,810
2019-20	452 (97%)	$25,303	453 (97%)	$7,728
2020-21	256 (93%)	$26,748	214 (78%)	$8,513
2021-22	196 (98%)	$29,272	151 (76%)	$9,028
Average	351 (93.67%)	$23,327	314 (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.

Grants/Scholarship

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) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	194 (52%)	$4,117	131 (35%)	$1,062	75 (20%)	$602	292 (78%)	$17,977
2014-15	191 (54%)	$4,189	93 (26%)	$1,112	30 (9%)	$2,402	260 (74%)	$17,237
2015-16	209 (49%)	$4,288	125 (29%)	$1,092	34 (8%)	$2,024	329 (77%)	$21,052
2016-17	189 (55%)	$4,277	98 (29%)	$1,082	28 (8%)	$1,989	284 (83%)	$21,890
2017-18	267 (56%)	$4,658	103 (22%)	$1,205	26 (5%)	$1,547	406 (85%)	$23,555
2018-19	244 (52%)	$4,661	148 (32%)	$1,038	50 (11%)	$1,752	444 (95%)	$22,323
2019-20	228 (49%)	$4,934	82 (18%)	$1,010	48 (10%)	$1,753	443 (95%)	$22,901
2020-21	122 (45%)	$5,243	-	-	30 (11%)	$2,759	233 (85%)	$26,288
2021-22	79 (40%)	$5,408	54 (27%)	$1,261	15 (8%)	$3,667	194 (97%)	$26,737
Average	191 (50.22%)	$4,642	104 (27.25%)	$1,108	37 (10.00%)	$2,055	321 (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..

Student Loans

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.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	310 (83%)	$8,737	310 (83%)	$7,156	36 (10%)	$13,620
2014-15	273 (78%)	$9,770	270 (77%)	$7,005	47 (13%)	$16,507
2015-16	344 (81%)	$9,459	343 (81%)	$6,608	63 (15%)	$15,673
2016-17	278 (81%)	$8,634	277 (81%)	$6,486	48 (14%)	$12,574
2017-18	410 (86%)	$9,010	403 (84%)	$6,590	70 (15%)	$14,835
2018-19	395 (85%)	$8,810	389 (83%)	$5,758	84 (18%)	$14,762
2019-20	453 (97%)	$7,728	360 (77%)	$5,815	94 (20%)	$14,973
2020-21	214 (78%)	$8,513	213 (78%)	$5,626	46 (17%)	$13,554
2021-22	151 (76%)	$9,028	147 (74%)	$5,306	39 (20%)	$14,957
Average	314 (82.78%)	$8,854	301 (79.78%)	$6,261	59 (15.78%)	$14,606

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Scholarships, Grants, and Loan Trends at NEC

All Undergraduate Students Financial Aid Over Time

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