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Sources of Financial Aid

Federal Grants

New England College of Business participates in the Federal Pell Grant program. Specific information regarding application and eligibility for the Federal Pell Grant program may be obtained from the New England College of Business Financial Aid Office.

Federal Loans

New England College of Business 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 New England College of Business 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)

Questions Lead to Possibilities

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