What does federal aid include?

Federal Aid includes the following programs:

1. Pell Grant

2. Stafford Loans (Subsidized and Unsubsidized)

3. SEOG (Supplemental Educational Opportunity Grants)

1. College Work Study

What does state aid include?

State Aid includes the following:

1. MTAG

2. MESG

How does a student apply for financial aid?

To apply for financial aid, students must complete the FAFSA (Free Application for Federal Student Aid) on-line or they may pick up a FAFSA application in the Financial Aid Office in Estes Hall. Eligibility is determined by information such as family income, household size, number in college, assets, etc. To receive Federal Financial Aid, students must maintain satisfactory academic progress as listed in the college catalog. To receive full eligibility for Federal Financial Aid, students must enroll on a full-time basis (12 hours or more). Students must enroll in at least six hours to receive Federal Student Aid.

If a student drops a class, will their financial aid be affected?

It depends on when the student drops the class. If the student never attended class, their Federal Financial Aid would be affected. Federal Financial Aid does not pay for student for which he or she does not attend class. It is very important for the student to review the catalog on Satisfactory Academic Progress to check for eligibility for federal financial aid.

If a student doesn't attend college for a semester, how will the grant be affected?

The student cannot receive the federal aid awarded for the term not enrolled, but may possibly use up to the amount for the following summer school term if within the same financial aid award year.

How does a student apply for a student loan?

To apply for a Federal Stafford Student Loan, the student must first complete a FAFSA (Free Application for Federal Student Aid) for the school year in which they plan to attend. Once the FAFSA has been received by NEMCC, the Financial Aid Office will mail the student a Student Information Sheet. The student will indicate on this sheet that they wish to apply for a student loan, the amount they wish to apply for, and the Lender they choose to borrow from. The student will then be notified of the amount that has been awarded by an Award Letter. Along with the Award Letter, the student will receive a letter advising them how to complete their Loan Entrance Counseling session. This session must be completed before the loan check will be disbursed. The student will also receive a Master Promissory Note from the guarantee agency. This MPN must be completed and forwarded to the Lending agency that is pre-printed on the form. Loan checks will not be disbursed to students until 30 days after the beginning of the first term of the loan period. All of the above mentioned tasks must be complete before the student may receive funds. (Back to Top)

What is the difference between a Subsidized loan and an Unsubsidized loan?

A Subsidized loan is a low-interest loan made to students by a lender such as a bank, credit union, or savings and loan association, to help pay for their education after high school. These loans are available for undergraduate and graduate students. Undergraduate students may borrow up to $2,625 a year as a first-year student, $3,500 as a second-year student. As with all need based programs, eligibility must be established. Students may apply for a Federal Stafford Loan at Northeast if they are already enrolled, in good standing, and make satisfactory academic progress, or if they have been accepted for enrollment on at least a half-time basis.

An Unsubsidized loan is a loan for students who may not qualify, in whole or in part, for the "subsidized" Stafford Loan based on need as determined by the FAFSA (Free Application for Federal Student Aid). The terms and conditions are generally the same as the "subsidized" Stafford Loan, except that the borrowers are responsible for interest that accrues while they are in school. Eligibility for the "subsidized" Stafford Loan must be determined before a student can apply for an "unsubsidized" Stafford Loan. Independent students may borrow up to cost minus other aid or $5,500, whichever is less. (Back to Top)

Who qualifies for a FSEOG (Federal Supplemental Educational Opportunity Grants)?

The FSEOG Grant provides grant funds for undergraduate students who have not completed their first baccalaureate degree and who are financially in need of this grant to enable them to pursue their education. The amount of the grant is determined by both the availability of funds and regulations set by the Federal government.

How does a student get a job on campus?

Steps for a student to apply for work study:

1) Student must fill out the Free Application for Federal Student Aid (FAFSA)

2) After completing the FAFSA and it being received at Northeast electronically from the federal government, student is responsible for completing any additional follow-up documentation.

3) Student must check with the NEMCC Financial Aid Office to see if any jobs are available and jobs are based on first come first serve.

How are work-study students assigned?

A student must complete the FAFSA in order to be considered for work-study. If the student qualifies, the Financial Aid Office assigns jobs based on the student's studies, skills, and interest. In arranging a job and determining how many hours a week the student works, the Financial Aid Office will take into account: (1) student’s need for financial assistance; (2) student’s class schedule; and (3) student’s academic progress. The salary received is at least equal to the current minimum wage. (Back to Top)

Who is qualified for a Mississippi Tuition Assistance Grant (MTAG)?

An MTAG is awarded to students who meet the following 5 requirements:

1. Mississippi resident

2. Not eligible for a Pell Grant

3. Have an ACT composite score of 15 or above

4. Full time students (12 hours or more)

5. Have a GPA of 2.5 or above

Who is qualified for a Mississippi Eminent Scholars Grant (MESG)?

An MESG is awarded to students who meet the following 4 requirements:

1. Mississippi resident

2. Have an ACT composite score of 29 or above

3. Full-time students (12 hours or more)

4. Have a GPA of 3.5 or above. (Back to Top)

What are the satisfactory progress requirements in order for a student to receive Federal Aid?

In order to be eligible to receive Federal student aid such as Federal Pell Grant, Federal Supplemental Education Opportunity Grant, Leveraging Education Assistance Partnership Educational Program, Federal Stafford Loan, and Federal Work Study Program, a student must progress satisfactorily toward completion of his/her education objective. Failure to achieve satisfactory progress will result in the termination of all Federal financial aid.

Satisfactory progress for full-time academic and technical students will be measured according to the following table:

Hours Attempted	Hours Earned	Cumulative GPA
12	6	1.50
24	12	1.50
36	24	1.75
48	36	2.00
60	48	2.00
72	60	2.00
84	72	2.00
96	84	2.00
108	96	2.00
120	108	2.00
132	120	2.00
144	132	2.00
156	144	2.00

(Back to Top)

What scholarships are available?

Many scholarships are available for eligible Northeast students. Northeast provides academic scholarships for students whose ACT score is as follows:

22-23 Full tuition scholarship for the fall semester.

24-29 Full tuition scholarship renewable each semester the student attends Northeast, contingent

upon the student maintaining full-time status and a 3.0 (B) grade point average.

30 or above Full tuition, room and board scholarship renewable each semester the student attends

Northeast contingent upon the student maintaining full-time status and a 3.0 (B) grade

point average.

INSTITUTIONAL SCHOLARSHIPS (Scholarships paid by Northeast such as: ACT, Band, Athletic, Institutional Scholarships, Etc.) This cannot exceed cost of tuition, room, and board. Please keep in mind that this does not include Agency Scholarships, Federal Financial Aid, or State Financial Aid.

For a listing of scholarships click here to go to the Financial Aid Web Page, then click scholarships on the left hand side of the screen.

For more information concerning financial aid, please visit the Financial Aid Web Page by clicking here.

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