For the academic year 2022-2023, total 343 full-time, first-time students (90% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 1,441 students (83% of all students) received grants or scholarships and the average grant amount is $15,388. In addition, 1,323 students received student loans and the average loan amount is $8,046.
Below tables show the number and amount by source of financial aid at New England Institute of Technology.
For all undergraduate students, total 1,441 students (83% of all students) received grants or scholarships and the average grant amount is $15,388. In addition, 1,323 students received student loans and the average loan amount is $8,046.
Below tables show the number and amount by source of financial aid at New England Institute of Technology.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 1,441 | 83% | $15,388 |
| Pell Grants | 819 | 47% | $5,460 |
| Federal Student Loans | 1,323 | 76% | $8,046 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 343 | 90% | - |
| Grants or Scholarship from All Sources | 324 | 85% | $13,552 |
| Federal Grants | 324 | 85% | $5,812 |
| Pell Grants | 201 | 53% | $4,926 |
| Other Federal Grants | 324 | 85% | $2,756 |
| State/Local Grants | 118 | 31% | $788 |
| Institutional Grants | 281 | 74% | $8,593 |
| Student Loans | 303 | 80% | $9,159 |
| Federal Student Loans | 297 | 78% | $5,442 |
| Other Student Loans | 64 | 17% | $18,109 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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