Financial Literacy

Financing Your NEC Education guide

At NEC, we recognize that furthering one’s education at the highest level is a multifaceted decision. The Financial Aid Office is committed to helping you balance a personal sense of belonging, educational and professional opportunities, and finances. We work to make NEC accessible to all students and believe that finances do not have to be a barrier with the right planning and knowledge.


To help you manage your educational and financial responsibilities, this guide covers such topics as:

  • the types of financial aid available to you
  • what to do after you’ve received your financial aid letter
  • how to remain eligible for your financial aid
  • when your funds will disburse
  • student loan terms and repayment

Financing Your NEC Education

Federal Financial Aid Resources

Filling out the FAFSA

This Department of Education-published guide to the Free Application for Federal Student Aid (FAFSA) takes applicants step-by-step through each FAFSA question.

NSLDS

Students can access their federal loan and Pell Grant history on this Department of Education website. Log in with your FAFSA PIN to view your detailed loan history, repayment status, outstanding balances, and contact information for your lenders/servicers.

Student Aid on the Web

The U.S. Department of Education's Official guide to Federal Student Aid programs, including grants, loans, and work-study.

General Financial Aid Resources

BigFuture | CollegeBoard

This site, maintained by one of the biggest names in college planning, offers information on applying for aid, paying your bill, and finding scholarships. Unique features include "Financial Aid Myths," "EFC: FAQs" and an easy-to-use EFC calculator.

BigFuture | CollegeBoard

 

Financial Aid Glossary

Learn the meaning of all those financial aid abbreviations!

Financial Aid Glossary

 

Finaid.org

A plain-language guide to all types of financial aid, including loans and private scholarships. Includes a collection of calculators for estimating college costs, selecting the best loan, and calculating financial aid needs.

Finaid.org

 

Budgeting & Money Management

CashCourse

Offers free, online financial education courses and other money management resources. The National Endowment for Financial Education designed the courses specifically with college students in mind.

CashCourse

 

Mint

This free personal finance tool (lauded by Kiplinger and Money magazine) can help you create a budget and track your spending. Sign up to be alerted when your bills are due or if you have exceeded your budget.

Mint

 

Motley Fool

Offers hundreds of straightforward, humorous articles about personal finance, stocks, and investing. Includes an extensive collection of "Foolish Calculators" and a "60-Second Guide to College Savings."

Motley Fool

 

SmartyPig

A free, Web-based savings program designed to help members save for specific goals.

SmartyPig

 

Credit

AnnualCreditReport.com

Allows you to request a free credit report once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion. Help build a solid credit history by repaying debt on time and checking your credit report regularly for innacuracies and fraudulent activity.

AnnualCreditReport.com

 

FICO Score Estimator

Provides a FICO score range from Bankrate.com. Asks 10 questions about your credit situation to come up with a score range and doesn't require any identifying information.

FICO Score Estimator

 

The National Foundation for Credit Counseling

The nation’s largest and longest serving national nonprofit credit counseling network. NFCC also offers a website, DebtAdvice.org which helps consumers understand the wise use of credit and locate a counselor if they need assistance.

The National Foundation for Credit Counseling