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Availability of Financial Aid

Availability of Financial Aid

Financial aid at New England Institute of Technology is available from a variety of
sources: non-repayable grants, scholarships, work study programs, student loans, and NEIT’s own tuition payment plan. Applicants may receive aid through any or all of these programs, depending on their financial need.

All applicants are required to meet with a financial aid officer. The officer will
review the availability of grants and loans and will provide assistance in completing the required financial aid applications.

Financial Aid programs available are:

Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal Work Study (FWS)
Federal Stafford Loan Program (FFELP)
Federal Parent Loan for Undergraduate Students (FPLUS)
State Grants
Private Scholarships and Loans
Institutional Scholarships and Loans

For a listing of eligibility requirements for federal, state, institutional and private funding sources please refer to the Student Guide to Financial Aid.

Financial Aid Awarding Policy
NEIT takes into consideration all financial sources when awarding aid to eligible applicants. For the purpose of this policy, “aid” includes grants, loans, and scholarships of any form.

If after initial awards have been made, a student receives aid which brings his or her total aid package above the “cost of attendance” (the total amount it is determined it will cost a student to attend NEIT), NEIT will re-assign some of the funds awarded to the student.

It is the intention of this policy to ensure that aid resources are made available to as many students as possible.