We want to make it as easy as possible for you to afford your tuition here at Lincoln College of New England, so we’re happy to offer manageable payment plans that spread tuition charges across terms, for those who qualify, or to accept payment in part or full from funds you or your family may have already put aside for your college education. We’ll also be happy to assist you in exploring all the venues for financial assistance for which you may qualify, such as grants, loans and veterans’ benefits, all of which are explained in more detail below.
As a result of Lincoln College of New England’s standing as a regionally accredited institution through the New England Association of Schools and Colleges, Inc. (NEASC), our students qualify for Title IV Federal Financial Aid, which includes Pell Grants. These grants from the federal government are designed to help you pay for your education. They are not loans; you do not have to pay them back. To apply for a Pell Grant, you must fill out a FAFSA.
Several types of student loans are available to Lincoln College of New England students:
Stafford Loans are loans from the federal government that must be paid back. Just as with federal grants, students must complete and submit a FAFSA form in order to qualify and apply for these loan programs. Stafford loans come in two categories:
Subsidized Stafford Loans are interest-free as long as you’re enrolled. You will start paying these loans back six months after you’ve graduated or left school.
Unsubsidized Stafford Loans accrue interest while you’re enrolled. Again, you can expect to begin to pay them back six months after you’ve graduated or left school.
Parent Plus Loans may be available to you and your parents if you are classified as a dependant student. Your financial assistance representative will walk you through the steps required to determine whether you are a dependent or independent student.
If you do not qualify for a federal loan program, such as a Stafford Loan, or if you do but require additional funding assistance, your financial assistance representative can help you apply for a student loan program from an alternative source.
If you’re a veteran, your experienced financial assistance representative will help you apply for educational benefits from the Veterans Administration. This is money that’s paid directly to you every month to help you pay for college.
There is also a wide variety of scholarships available from private sources. Finding them and applying for them will take some work on your part, but your Lincoln College of New England financial assistance representative can help to point you in the right direction to get started.