$6,009

Avg. Federal Grant

$11,354

Avg. Federal Loan

$606,619

Total Aid Awarded

New England Culinary Institute (NECI) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$606.619K

Financial Aid Official Website

www.neci.edu/admissions-financial-aid/financial-aid/

Students can avail of scholarships provided by the college, such as Denton and Ann Lyon Scholarship, Emily Lester Vermont Opportunity Scholarship, Kittredge Coddington Memorial Scholarship, and NEEBC Scholarship Award, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 96% of students at NECI receive some kind of financial aid, while the total amount of assistance/loans provided is $903,848. At NECI, the total percentage of applicants who receive the Federal Grant stands at 39%. In comparison, 96% of the students are awarded the Student Grant, 96% get the Institution Grant, and 39% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $9,175. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 87% of the applicants to New England Culinary Institute opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

16%

Institution Grant Aid

68%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$6,009

State Grant Aid

$2,975

Institution Grant Aid

$5,583

Pell Grant

$5,416

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with institutional grants having the highest percentage contribution of 68% with an average aid amount being $5,583.

Pell grants have a percentage of 42% with an average aid amount of $5,416 which is higher than the State grant aid average of $2,975.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,157

$30,001 - $48,000

$9,515

$48,001 - $75,000

$6,205

$75,001 - $110,000

$21,105

Over $110,000

$1,768

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $13,157 while those with family income over $110,000 can expect to receive an aid amount of $1,768. This helps students who are coming from low-income homes to pay for their degrees.

Student Loans for New England Culinary Institute (NECI)

Average Loan Amount Average Loan Amount received per year.

$18,204/Year

Students Taking Out Loans

79%

Loan Default Rate

16.7%

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