NEIB Hardship Scholarship

The scholarship is available to New England Institute of Business students who can demonstrate an economic hardship, above and beyond the information provided on their FAFSA, or as a result of a change in their personal situation since their FAFSA was submitted for the current award year.

1. New or continuing degree students who participate in continuous enrollment
2. Graduate of another New England Institute of Business program enrolling in a new degree program participating in continuous enrollment
3. Those who have completed individual courses, including Continuing Ed and/or certificate programs, who are applying to enter into a degree program with continuous enrollment
4. Students, or family members of students, who are part of a Partner program

The scholarship is not available to any student who applies to the College for non-continuous enrollment.

A hardship, for the purpose of this scholarship, is defined as a life circumstance that results in a negative impact on the student's financial status, including but not limited to:

• an unexpected job loss
• underemployment
• recent job loss by the student or spouse without being re-employed
• receipt of public assistance
• an inability, through no fault of the student, to utilize Title IV funds to pay tuition expenses

Students who qualify for this scholarship may be eligible for up to the following amounts:

• Undergraduate: $1000.00 with no application fee for new students who qualify.
• Graduate: $1000.00 with no application fee for new students who qualify.

There is no fee to apply for this scholarship.

• The scholarship will be paid out in the amount of $500 per course for the first two courses.
• The funds cannot be used for developmental courses, prerequisite courses or to pay for books.
• The scholarship may be awarded in addition to a partnership discount rate being applied.
• This award may not be combined with any other institutional scholarship.
• In some cases this scholarship may be applied to a past-due balance owed to the College if the student is continuing enrollment and is in good academic standing. This requires prior approval from the Financial Aid Director.
• Scholarships awards are made at the sole discretion of the College.
• All scholarship decisions are final and are not subject to appeal.

Student must submit the scholarship application form with a brief essay, no more than 1,000 words, explaining the hardships they experience and how this affects their ability to pay for their education. All applications will be reviewed for approval by the Academic Dean, the President and the VP, Student Recruitment.