Aid Eligibility & Applying
What options are available for financing your NECO education? Which do you qualify for? Find answers here, and with our helpful admissions and student support staff.
To qualify for U.S. federal student assistance you must:
- Be a U.S. citizen or eligible non-citizen.
- Be enrolled as a regular student working towards a degree.
- Be enrolled at least half-time, i..e, 8-15.99 credit hours for fall or spring semesters, or 4.5-8.99 credit hours for March or summer terms. (When a student drops to less than half-time study, she or he becomes ineligible for federal aid and enters the student loan grace period.)
- Be making satisfactory academic progress according to the College’s Student Handbook.
- Qualify for aid according to federal need analysis.
- Not be in default on a previous education loan or owe a repayment of an education grant.
- Have a valid social security number.
When to Apply
These deadlines apply to all students, no matter the NECO program you are entering.
- Application Deadline: April 1
- Deadline for NECO to receive your FAFSA: May 1
- Form to use: 2021-2022 FAFSA
Apply for Financial Aid by April 1
Submit the Free Application for Federal Student Aid for every year you want loans and/or work study. NECO’S FEDERAL CODE IS 002164.
Graduate students applying only for federal student aid are not required to report parent information. If you consider your family “economically disadvantaged,” you may want to provide parent information on the FAFSA to be considered for the more favorable Health Professions Student Loan (HPSL), Loans for Disadvantaged Students (LDS), and NECO’s Fund For Education (FFE) Loan.
If you accept a Federal Direct Unsubsidized Loan, you must complete the loan’s master promissory note (MPN) found on the FSA website and the entrance counseling before funds can disburse. The Graduate PLUS Loan has a separate MPN. Entrance counseling results are used for both loans.