New England Culinary Institute (NECI) Financial Aid and Scholarships
Students Receiving Aid
80%
Total Aid Amount
$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.