New England Conservatory awards institutional (NEC), federal, and state funding to eligible students. Federal and state eligibility is largely based on financial need. Institutional funding is awarded based on both a student's talent/merit and demonstrated financial need.

Additionally, the Conservatory makes a limited amount of its funding available for awards based solely on a student's talent/merit. Those applicants whose level of financial need might not otherwise qualify them for institutional assistance may be considered for a merit-only award. Please note: awards based solely on merit will not exceed 50% of tuition. Application requirements are the same for all applicants, regardless of the type of financial assistance requested.

Incoming Student Application Requirements

NEC requires all applicants for financial aid (including students seeking only merit-based NEC funding) to provide complete financial information, as follows:

All U.S. citizens and permanent residents must submit the following:

Free Application for Federal Student Aid (FAFSA)
The Financial Aid section of the online application.

All international students must submit the following:

The Financial Aid section of the online application.

Important Deadlines

December 1, 2014: 2015-2016 Application for Admission (incl. Financial Aid information) due
February 15, 2015: 2015-2016 Free Application for Federal Student Aid (FAFSA) due

The Application Process

Once you have been admitted and your FAFSA and Financial Aid file are complete, the NEC Financial Aid Office will review your file and send you a Financial Aid award letter. The Financial Aid Office sends every Financial Aid applicant an award letter detailing his/her eligibility for all types of financial aid. Institutional (e.g. NEC scholarship/merit aid) and federal (e.g. grants, loans, and work-study) aid will all appear on the same award letter; NEC does not award scholarships separately from other types of financial aid. If you were not offered any type of financial assistance, please refer to the explicit details indicated on your award packet.

It is the student's responsibility to read and act upon any correspondence sent to him/her. Should any information seem unclear, please contact the Financial Aid Office for clarification. It is your responsibility to notify the Financial Aid Office of any changes to your mailing or email addresses. You may forfeit all or a portion of your financial aid award if you do not follow all instructions or respond to requests from the Financial Aid Office.

Securing Your Financial Aid

Your NEC Financial Aid Award letter reflects the financial assistance package we are able to offer you for the upcoming academic year. To accept your award, please sign, date, and return one copy of it to the NEC Financial Aid Office. Accepting of Financial Aid Awards must done in writing only; verbal acceptances will not be processed. Student loan borrowers will also be required to submit additional paperwork before loan funding can be disbursed.

Appealing Your Financial Aid Award (Applicants/Admitted Students)

All appeals for additional financial assistance must be made in writing and include appropriate documentation. All appeals should also specify a dollar amount of funding requested. If approved, appeal awards generally range from $1,000 to $5,000.

Appeals that document a change in the student’s financial situation since the application was filed or that document information that was not previously provided to the Financial Aid Office must be detailed in the NEC Financial Aid Appeal Form. Appeals are reviewed continually; responses will typically be mailed within 10 business days from the date the appeal is received by our office.

Verification

The U.S. Department of Education selects approximately one-third of all federal aid applications for review in a process called “Verification.” If you are selected, the Financial Aid Office will request documentation from you that may include an IRS Tax Transcript for both the student and parent (if applicable), copies of 2012 W2 information for the student and parent (if either one did not file taxes), and the completion of a Verification Worksheet.

Incoming students may be awarded funds prior to the Verification process being completed; however, all Financial Aid award offers are considered tentative until Verification has been completed (changes to student packages will be communicated in writing). Students selected for Verification will not have any financial aid funds disbursed until Verification is completed.

Disbursement (Payment) of Financial Aid

Financial Aid will be applied to student accounts and will be used to address billable charges (i.e. tuition, fees, residence hall charges). Financial Aid funds cannot be applied until the student has completed all required paperwork to ensure a complete Financial Aid file. Aid applied to a student account that exceeds the student's charges will be refunded to the student.Students who borrow loan funds for living expenses will not receive refunds until 3 business days from the date that loans are posted onto their student account (approximately the second week in September). Students are expected to plan accordingly.

Financial Aid Renewal

All Financial Aid recipients, including those receiving only NEC funding, must reapply for financial aid annually. Financial Aid Applications for continuing students are usually available in January for aid to be awarded in the next academic year.

Normally, financial aid awards will remin the same dollar amount for each student from year to year. However, changes in income, degree program, household size, family members' college enrollment, credit-load, etc. may affect a student's financial aid. To be eligible for renewal, students must meet NEC's academic standards, be registered, and reapply for financial aid on time with minimal changes to his/her financial situation.

Current NEC students who are applying to another degree program (ie: Bachelor’s students who re-apply for Master’s programs) are subject to the deadlines set for new students. Financial Aid decisions will be made in accordance with the applicant’s strengths and financial need relative to the pool of new applicants. This policy includes current Master’s students applying for a second Master’s degree in another major.

Please view our Policies page for important policies related to your Financial Aid application and awards.

The NEC Financial Aid Office administers a broad range of financial aid programs, including scholarships, loans, work-study, and grants. These funds may come from a variety of sources—institutional (NEC), federal, state, and private. We work closely with government agencies, student loan lenders, and private organizations to help families finance their postsecondary education.

Quick Links to Financial Aid Forms

Scholarship Acceptance Form 2014-2015 (pdf)**
Financial Aid Appeal Form 2014-2015 (pdf)**
Dependent Student Verification Form 2014-2015
(pdf)**
Independent Student Verification Form 2014-2015 (pdf)**
Dependency Override Application 2014-2015(pdf)**
Transfer Release Form (pdf)**
Financing Your Education Guide (pdf)

** to be completed upon request/as needed

The New England Conservatory of Music does not discriminate on the basis of race, color, religion, sex, age, national or ethnic origin, sexual orientation, physical or mental disability, or veteran status in the administration of its educational policies, admission policies, employment policies, scholarship and loan programs, or other Conservatory-sponsored activities.


2014-09-22


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