by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Discover the financial aid possibilities at New England Tech and learn what assistance you might qualify for by continuing to read.
$12,087.00 is the typical New England Institute of Technology’s first year financial aid package. 91% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at New England Institute of Technology.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The stats below refer to aid that is provided by New England Institute of Technology.
75% of new students (359 total) were offered scholarships at New England Institute of Technology, averaging $8,237.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 68% of first years (329 total) were awarded federal grant aid, averaging $4,551.00 each.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 26.61% | $14,019.00 |
| Income 30k-48k | 11.43% | $13,946.00 |
| Income 48k-75k | 14.35% | $11,655.00 |
| Income 75k-110k | 8.11% | $4,992.00 |
| Income 110k + | 12.47% | $3,444.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
91% of the 481 undergraduates at New England Institute of Technology receive some sort of grant aid. This is a total of about 375 students getting an average of $12,087.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.