Applying for Aid
The acronym FAFSA stands for this.
What is Free Application for Federal Student Aid?
A convenient, interest-free, monthly method to pay tuition.
What is a Payment Plan?
Minimum GPA requirement to Graduate
What is a 2.0?
The location of Student Financial Services.
What is the Administration Building?
Your user-created username and password used to log in and complete your FAFSA and other forms required to receive federal aid.
What is FSA ID?
Part of the federal loan program, this loan is for your parents to apply to to cover tuition charges.
What is the Parent PLUS Loan?
Minimum percentage of credit attempted need to graduate.
What is 67%?
Where to view account balances, financial aid status, and any financial aid requirements.
What is MYNEC account?
002579 is important for this purpose.
What is NEC's school code to add to the FAFSA?
Online, via phone, check by mail, & in person are ways to do this.
What are methods to pay my bill with cash?
Student must not exceed this number of attempted credit hours to remain eligible for Financial Aid.
What is 180 credits?
This will prevent me from registering for classes.
What is a Hard Hold balance?
Types of Financial Aid you may receive by completing the FAFSA.
What are Federal Loans, Pell Grant, Supplemental Education Opportunity Grants, and Institutional grants and scholarships?
December 1st
What is the date the FASFA for the next year opens?
A loan in your name with a credit-worthy cosigner used to pay your tuition.
What is a private student loan?
Students who do not meet SAP standards at the end of the warning semester are placed on this.
What is Financial Aid Termination?
I need to enroll or waive this every year.
What is the NEC issued Health Insurance?
The standard way to add your tax information on your FAFSA.
What is granting Federal Tax Information (FTI) approval?
May 15th
What is the due date for Financial Aid Requirements
Outside funding awarded by various state, public, and private organizations that can be used to pay tuition and does not need to be paid back.
What is a scholarship?
Students who do not meet SAP due to extenuating circumstances may complete this within 14 days of notification of financial aid termination.
What is a SAP Appeal?
The 6 month period after graduation or separation before loan repayment begins.
What is a grace period?