Financing Your Education

Financing Your Education

Financing Your NECI Education

Types of Federal Student Aid

Federal Pell Grants are need-based gift aid that does not need to be repaid. Pell Grants are awarded to eligible students with financial need who are pursuing their first undergraduate degree. Federal Supplemental Opportunity Grants (FSEOG) is a need-based grant available to Pell-eligible students only.   The school determines the award amount each year based upon the availability of funds.

Federal Work Study (FWS) is a federal need-based work opportunity and based on the Expected Family Contribution on your processed FAFSA. The school determines the eligibility and award amount each year based upon the availability of funds. Work Study positions are posted with the Student Services Office for both on and off campus opportunities. A position is not guaranteed. If a student is determined eligible for FWS, the student will earn a bi-weekly paycheck for hours worked to be used for personal expenses. The earnings should be excluded from the following year’s FAFSA data.

Federal Direct Subsidized Loan awards are federal need-based loans. The six-month grace period begins as soon as a student falls below half-time status. Loan levels are set by the government based on academic year in school.

Federal Direct Unsubsidized Loan awards are federal non-need-based loans and available regardless of financial need. Interest accrues while a student is enrolled in school. Interest is deferred while a student is enrolled at least half time in school. The interest is capitalized (added to the principal balance) at the end of the six-month grace period.

You can view and manage your Federal Direct Stafford Loan debt at There is a limit to the total amount of Subsidized and Unsubsidized Stafford Loans that a student may receive.  For more information, visit 

Federal Direct Parent PLUS Loan program is a borrowing option for parents of dependent undergraduate students. Financial need is not a requirement for borrowing a PLUS loan. Parents can borrow up to the financial aid cost of attendance minus all financial aid awards. A positive credit history is required. The PLUS application and loan promissory note can be completed electronically at

The Master Promissory Note:  All Federal Direct Loan borrowers are required to complete a Master Promissory Note. An electronic Master Promissory Note can be completed online at You will need your FSA ID to log in to the federal loan website.

Visit for additional information on all federal financial aid sources.

State Grants

Vermont residents can apply for a Vermont State Grant by visiting VSAC online, or by calling 800.798.8722 to request a paper application. State grant applications are usually available after the first of the year and some have specific application deadlines. Students from outside of Vermont should check with their state higher education authority about the availability of state grants, eligibility requirements, and application process. If you need assistance contacting your state higher education agency, call NECI’s Office of Financial Aid at 877.223.NECI (6324).

NECI Scholarships

To apply for NECI scholarships, all required documentation must be submitted to the Financial Aid Office via email, fax, or mail prior to your initial financial aid offer. NECI reserves the right to revise your initial award offer if you receive outside resources or if you become eligible for additional institutional scholarships.

Academic Excellence Scholarship

The Academic Excellence Scholarship is awarded to students who have demonstrated exceptional academic achievement.

  • Acceptance to New England Culinary Institute
  • 3.5 or greater GPA* OR SAT in the 90-100% range

Amount: $6,000.00 total award for BA Program or $3,000.00 total award for AOS Program. Awarded $750.00 per semester.
Requires continuous good standing with the school.
Cannot be combined with Culinary Excellence Scholarship
*All awards made prior to the completion of high school are subject to GPA verification upon receipt of a student’s final official transcript.

Culinary Excellence Scholarship

The Culinary Excellence Scholarship is awarded to students who have demonstrated exceptional culinary achievement.

  • Acceptance to New England Culinary Institute
  • Top 3 ranking in culinary competitions OR professional culinary experience

Amount: $6,000.00 total award for BA Program or $3,000.00 total award for AOS Program. Awarded $750.00 per semester.
Requires continuous good standing with the school.
Cannot be combined with Academic Excellence Scholarship

Other Scholarship Opportunities

Local Scholarships

Many local and state organizations offer scholarships. Check with your town hall, guidance office, and State Higher Education office for additional scholarship listings and information about relevant search engines. Many scholarships have various application deadlines, award dates and application criteria. This is not a complete list of external scholarship opportunities, yet it is a terrific place to start.

National Scholarship Websites

College Board
Fast Web
Scholarship America
Princeton Review Scholarship Database
Vermont Student Assistance Corporation (Scholarships for VT residents only)

Culinary Specific Scholarships

James Beard Foundation General Scholarship
American Hotel and Lodging Educational Foundation (Please review the Self-Nominated Scholarship information pages)
Hospitality Sales and Marketing Association International Foundation
National Restaurant Association Educational Foundation

Merit and Need Based Scholarships

The Horatio Alger Scholarships
National Merit Scholarship Corporation
LendingTree Scholarship

Loan Information

Due to the enactment of the Student Aid Provisions of the Health Care and Education Reconciliation Act of 2010, all Federal Stafford and Plus Loans will be originated through the Federal Government (Direct Lending) for all academic periods beginning after June 30,2010.

First Time NECI Students

Please go to to complete your Stafford Loan Entrance Counseling requirement and to sign your Master Promissory Note. You will need your Federal PIN number to complete this.

Parent Plus Loan Borrowers

If you are a parent of a dependent NECI student and wish to borrow a Parent Plus Loan for your student, please go to to authorize a credit check and to complete a Plus Master Promissory Note.

Contact Information

Office of Financial Aid

Phone: 802.225.3243
Fax: 802.225.3284