Sources of Aid
Federal Grants
NECB participates in the Federal Pell Grant program. Specific information regarding application and eligibility for the Federal Pell Grant program may be obtained from the NECB Financial Aid Office.
Federal Loans
NECB participates in the Federal Direct Subsidized/Unsubsidized Stafford Loan and Federal Direct PLUS Loan programs. Specific information regarding application and eligibility for the Federal Stafford Loan and the Federal Direct PLUS Loan programs may be obtained from the NECB Financial Aid Office.
The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.
Annual Loan Limits for Federal Stafford Loan:
| Dependent Undergraduate Loan Limits Effective 07/01/2008: | |||
| Freshman | $3,500 per yr base amount (depending on need can be sub/unsub) | $2,000 increase (unsub) | Total $5,500 |
| Sophomore | $4,500 per yr base amount (depending on need can be sub/unsub) | $2,000 increase (unsub) | Total $6,500 |
| Junior | $5,500 per yr base amount (depending on need can be sub/unsub) | $2,000 increase (unsub) | Total $7,500 |
| Senior | $5,500 per yr base amount (depending on need can be sub/unsub) | $2,000 increase (unsub) | Total $7,500 |
| Aggregate | $31,000 (no more than $23,000 of which can be subsidized) | ||
| Independent Undergraduate Loan Limits Effective 07/01/2008: | |||
| Freshman | $3,500 per yr base amount (depending on need can be sub/unsub) | $6,000 increase (unsub) | Total $9,500 |
| Sophomore | $4,500 per yr base amount (depending on need can be sub/unsub) | $6,000 increase (unsub) | Total $10,500 |
| Junior | $5,500 per yr base amount (depending on need can be sub/unsub) | $7,000 increase (unsub) | Total $12,500 |
| Senior | $5,500 per yr base amount (depending on need can be sub/unsub) | $7,000 increase (unsub) | Total $12,500 |
| Aggregate | $57,500 (no more than $23,000 of which can be subsidized) | ||
| Graduate Loan Limits Effective 07/01/2012: | |||
| Annually | $20,500 unsub | ||
| Aggregate | $138,500 (includes undergraduate loans; no more than $65,500 can be subsidized) | ||
Institutional Scholarships
Institutional scholarships may be available to members of the United States Military and their families and employees of NECB Corporate Partners and their families, as well as others. Please contact the NECB Financial Aid Office to find out more about institutional scholarships that may be available.
Private Scholarships
Private scholarships are awarded from various organizations, private agencies, foundations, community-based organizations, and civic groups to help worthy students meet the cost of attending college. Information regarding these sources can be obtained online, from local high school guidance offices and public libraries.
Information Regarding Private Scholarships
NECB encourages students to seek out and apply for private scholarships that may be available to help cover the cost of tuition. However, we advise students to beware of scholarship scams. For more information about scholarship scams, please visit the Department of Education's Looking for Student Aid... Without Getting Scammed page and read this consumer alert from the Federal Trade Commission.
To start your scholarship search NECB also recommends the following scholarship search services:
FastWeb Scholarship Search
College Board Scholarship Search
NelNET College Planning
CollegeNET Mach 25 Scholarship Search
