Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,816, which is 73.89 % of all undergraduate students. 1,922 students which is 76.56% of undergraduate students received federal student loans and the average loan amount is $8,152.

For full-time, first-time beginning students (freshmen), 83.56% of students received grants or scholarships and 84% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at New England Institute of Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,816, which is 73.89 % of all undergraduate students. 1,922 students which is 76.56% of undergraduate students received federal student loans and the average loan amount is $8,152.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,928 (67%)$5,9991,355 (47%)$4,4392,233 (78%)$8,403
2014-151,966 (69%)$6,3781,424 (50%)$4,3382,223 (78%)$8,224
2015-161,733 (62%)$5,6681,378 (49%)$4,3012,158 (77%)$8,103
2016-171,809 (63%)$6,1491,376 (48%)$4,3072,180 (76%)$8,282
2017-181,929 (72%)$8,6791,309 (49%)$5,0102,036 (76%)$8,177
2018-191,953 (75%)$10,2101,269 (49%)$5,2011,958 (75%)$8,133
2019-201,828 (79%)$10,8771,096 (47%)$5,1501,787 (77%)$8,034
2020-211,756 (95%)$11,034862 (47%)$5,3471,398 (76%)$7,962
2021-221,441 (83%)$15,388819 (47%)$5,4601,323 (76%)$8,046
Average1,816 (73.89%)$8,9311,210 (48.11%)$4,8391,922 (76.56%)$8,152
*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.

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

For the last 10 years, on average, 385 (83.56 % of students) received grants or scholarships and its average amount is $9,065. It can cover 25.45% of tuition & fees ($35,625).

In addition, 385 (83.56 % of students) students get helped from the students loans (average amount : $10,002).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14403 (81%)$7,111414 (83%)$9,563
2014-15408 (83%)$6,477431 (88%)$8,907
2015-16302 (72%)$4,567360 (86%)$10,970
2016-17325 (73%)$5,643385 (87%)$10,584
2017-18479 (92%)$10,069449 (86%)$10,551
2018-19475 (90%)$11,373435 (83%)$11,010
2019-20375 (78%)$12,087375 (78%)$10,084
2020-21374 (98%)$10,706310 (81%)$9,187
2021-22324 (85%)$13,552303 (80%)$9,159
Average385 (83.56%)$9,065385 (83.56%)$10,002
*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, 245 (53.11 % of students) received Pell (federal) grants and its average amount is $4,571.

In addition, 125 students received State/local government grants/scholarships (26.89 % 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
2013-14268 (54%)$4,350248 (50%)$140126 (25%)$799364 (73%)$4,298
2014-15275 (56%)$4,101255 (52%)$140142 (29%)$517354 (72%)$3,971
2015-16212 (51%)$4,108202 (48%)$16640 (10%)$902214 (51%)$2,050
2016-17245 (55%)$4,099232 (52%)$147151 (34%)$578226 (51%)$3,133
2017-18311 (59%)$4,703303 (58%)$166186 (36%)$560477 (91%)$6,722
2018-19272 (52%)$5,130258 (49%)$222147 (28%)$684461 (88%)$8,349
2019-20226 (47%)$4,905322 (67%)$1,207116 (24%)$676359 (75%)$8,237
2020-21193 (51%)$4,817365 (96%)$1,09597 (25%)$786321 (84%)$8,095
2021-22201 (53%)$4,926324 (85%)$2,756118 (31%)$788281 (74%)$8,593
Average245 (53.11%)$4,571279 (61.89%)$671125 (26.89%)$699340 (73.22%)$5,939
*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, 385 (83.56 % of students) get any students loan help and its average loan amount is $385.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14414 (83%)$9,563410 (82%)$6,67282 (16%)$14,923
2014-15431 (88%)$8,907430 (88%)$6,235109 (22%)$10,625
2015-16360 (86%)$10,970356 (85%)$6,270185 (44%)$9,281
2016-17385 (87%)$10,584381 (86%)$6,498173 (39%)$9,245
2017-18449 (86%)$10,551446 (85%)$6,592100 (19%)$17,976
2018-19435 (83%)$11,010434 (83%)$6,184107 (20%)$19,679
2019-20375 (78%)$10,084371 (77%)$5,68483 (17%)$20,154
2020-21310 (81%)$9,187309 (81%)$5,76652 (14%)$20,508
2021-22303 (80%)$9,159297 (78%)$5,44264 (17%)$18,109
Average385 (83.56%)$10,002382 (82.78%)$6,149106 (23.11%)$15,611

Ratings & Review

Share your experiences and thoughts about New England Institute of Technology. It will be a great help to applicants and prospective students!