Quality and affordable education is within your reach.
GETTING THE MONEY YOU NEED FOR SCHOOL
According to the U.S. Department of Education, more than half of all undergraduate and postsecondary students receive some type of financial assistance to help them pay for school.
Financial aid for your education is available from a variety of sources, such as Stafford loans. We encourage you to familiarize yourself with, and research all of the financing options available, so that you can determine what works best for your individual needs.
Complete an Entrance Counseling session for the first time Student Loan borrowers at UNE.
If this is the first time you will be borrowing a Federal Stafford Loan at UNE, complete the Master Promissory Note with our recommended lender, Direct Loan at https://dlenote.ed.gov/empn/index.jsp
APPLYING FOR FINANCIAL AID
The key to determining eligibility for financial aid is the Free Application for Federal Student Aid (FAFSA). Follow the steps below to find out what types of educational financial assistance you may qualify for.
Step 1: Use this FAFSA checklist to gather your personal and financial documents.
Step 2: Download the FAFSA worksheet and use it to prepare for the process of filling out the Free Application for Federal Student Aid.
Step 3: Decide how you want to sign your Free Application for Federal Student Aid. If you plan on filing electronically you will need to first sign up for a Personal Identification Number (PIN). This is the recommended method because your PIN will both speed up the application process and allow you to track your FAFSA more easily online.
Step 4: It's now time to fill out the Free Application for Federal Student Aid (FAFSA). When you're done, use your PIN to electronically sign your FAFSA, or print it out, sign it, and follow the mailing instructions. To check the status of your submitted FAFSA, click here.
Step 5: In a few weeks, you will receive a Student Aid Report (SAR). This is your opportunity to correct any mistakes you might have made and finalize the FAFSA process. You'll need to use your PIN to electronically sign the Student Aid Report, or print it out, sign it, and follow the mailing instructions.
Step 6: Congratulations, you have completed the FAFSA application process. Your Student Aid Report will automatically be sent to the school, and you will now know how much, and what federal financial aid options are available to you.
If you have further questions about the Free Application for Federal Student Aid, obtaining your PIN, or the Student Aid Report, you can use the FAFSA Frequently Asked Questions page or contact our University of New England Office of Financial Assistance.
Financial Aid Office Phone: 1-866-728-0942, Option 3
Office Hours: 8:00 am – 4:00 PM
School Code: 002050
IMPORTANT FACTS ABOUT FINANCIAL AID
The most attractive educational loans are subsidized loans such as the Federal Stafford and Perkins Loans. Subsidized loans require no repayment and accrue no interest while the borrower is in school. Students who do not qualify for these loans may still qualify for the federal Unsubsidized Stafford Loan Program, or a loan from an alternative lender.
As with any loan, make sure you fully understand the interest rates, repayment terms, and tax implications. Find out whether interest charges are variable or fixed, whether the loan has forgiveness or deferment provisions, whether you can consolidate the loan with other loans, and whether it carries prepayment penalties.
Borrow only what you need. Remember that loans must be repaid even if you do not finish school. Your education is a substantial investment. It's one of the most important decisions you can make for your future. Take time to learn all of your financial aid options before you make any decision. For more information on repayment, click here.