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Financing Your NECI Education

Please review our Financial Aid Fact Booklet thoroughly and contact us if you have questions about the financial aid process, your financial aid eligibility, or to discuss any special circumstances you may have. The Financial Planning Office can provide you with information on scholarships, private loans, and tuition payment plans.

Applying for and Understanding Federal Financial Aid

  • Learn about Federal Financial Aid
  • Determine Your Dependency Status
  • Apply for a PIN. (If you are a dependent student one parent will need to apply for a PIN as well)
  • Complete the Free Application for Federal Student Aid.* Contact the Federal Student Aid Information Center at 1-800-4-FED-AID to request a paper application. If you are unsure about which FAFSA to complete, contact our Financial Aid Office.
  • Once you are an accepted student and receive a financial aid award letter with your PIN number, you will be able to access your financial aid record. If you need to request a PIN, please contact our Financial Aid Office.

*The Free Application for Federal Student Aid (FAFSA) requires specific income, asset and family size information. Extenuating family circumstances not captured on the FAFSA form could include (but are not limited to) a reduction in income, high medical expenses, recent separation or divorce or dependency status. If you or your parents have extenuating circumstances that are not captured on the FAFSA form, please contact our Financial Aid Office to discuss your situation. Call us at 802-764-2172 or 802-764-2173, or email us at financialaid@neci.edu. Your special circumstance(s) could have an impact on the type and amount of financial aid you may be eligible to receive.

Apply for a State Grant (if applicable)

Contact your state higher education authority to find out more information about your state's grant application process and portability information. In addition, many state higher education authorities list scholarship opportunities on their individual websites. Here are a few resources:

Information for Veterans of the Armed Services

Scholarship Information

Scholarships can help finance your education, and a little research is all that is necessary to uncover the various organizations, both state and private, that make these kinds of funds available to qualified applicants. NECI also offers scholarships to students with industry experience. Our Financial Planners are here to help you navigate through this important process.

Loan Information

NECI has partnered with Simple Tuition to provide borrowers with a tool to compare loan products. We conducted a sophisticated survey of lenders for the 2008-2009 academic year to determine a suggested lender list. We reviewed each lender’s responses regarding organizational information as well as the products and services they provide to students and parents. New England Culinary Institute has selected lenders based on their borrower benefits. However, as a borrower, you have the right to select any lender you choose.

Loan Options

Once you have been awarded Federal Stafford Loans you will need to select a lender, complete and return the lender selection form, and complete a Master Promissory Note with your lender.

Once you have applied for your Stafford loan you will need to complete Stafford Loan Entrance Counseling.

The Parent PLUS Loan program is a borrowing option for parents of dependant undergraduate students. Financial need is not a requirement for borrowing a PLUS loan. Parents can borrow up to the cost of attendance minus financial aid. The interest rate is fixed on a PLUS loan and is currently at 8.5%. A positive credit history is required to obtain a PLUS loan.
PLUS loan borrowers complete a PLUS loan request form, select a lender, and complete a PLUS loan Master Promissory Note with your lender.

 

Alternative Loans (Private Education Loans) are offered by private lenders and have their own eligibility criteria. Alternative loans typically have a variable interest rate that is tied to either the LIBOR or PRIME lending rate. Alternative loan fees and interest rates can vary widely – these variations are typically based on the borrower and cosigner’s credit rating. Student borrowers typically need to have a credit-worthy cosigner in order to obtain an alternative loan.

 


Contact Information:

Student Financial Services
Jessica Chappel, Director of Student Financial Services
Montpelier: 802.225.3330
Essex: 802.764.2122
Email: jessica.chappel@neci.edu

Office of Financial Aid
Marianne Werner, Director of Financial Aid, 802.764.2173
Laura Ennis, Financial Aid Counselor, 802.764.2173
5 Franklin St.,Essex Junction, VT 05452
Fax: 802.764.2181
Email: financialaid@neci.edu

Office of Financial Planning
Heather Hanson, Financial Planner
Montpelier: 802.225.3216
Essex: 802.764.2174
56 College St., Montpelier, VT 05602
Fax: 802.225.3280
Email: planner@neci.edu

Office of Student Accounts
Jen Greenough, Student Accounts Officer
Montpelier: 802.225.3329
Essex: 802.764.2123
Fax: 802.764.2181
Email: jen.greenough@neci.edu

The students here are working and learning together in an amazing way. I'm going to talk to these people for the rest of my life.”

-Kristen Leonaro, Lunenburg, MA, Class of '08