Financial aid report shows over $15 million awarded to Northeast students

by jamesc  2/9/2017 4:06:00 PM -- 

NORFOLK – A number of students at Northeast Community College have been able to achieve their dreams of earning a college degree after receiving monetary assistance.

“Seventy-nine percent of our students received federal, state, institutional and private financial aid during the 2015-16 academic year,” said Stacy Dieckman, director of Financial Aid at Northeast. “Federal financial aid supports both success and access for students in higher education and has a significant impact in a number of areas, including student outcomes.”

Northeast students received $15,020,436 in financial aid during the last academic year. 

Dieckman told the Northeast Board of Governors Thursday that for the 2015-2016 academic year, Northeast disbursed $4,886,002 in Federal Pell grants. Pell Grants are federal funds from the U.S. Department of Education that do not have to be repaid by the student. The grant amounts, now up to $5,815 annually, are based on the expected family contribution as determined by the Free Application for Federal Student Aid (FAFSA).

The Federal Supplemental Educational Opportunity Grant (FSEOG) is campus-based aid. Under this grant, students may be awarded from $100 to $4,000 annually based on financial need. Dieckman said the College awards these funds to the greatest number of students they can. At Northeast, the maximum award under this grant is $1,000 per student.

“Northeast awarded a total of $75,364 in FSEOG dollars to 90 students in 2015-16,” Dieckman said.

Northeast also awarded another $404,354 in Nebraska Opportunity Grant funds to 478 students. This grant provides financial aid to students who are residents of Nebraska, have not earned a bachelor’s degree, have a high financial need and must attend an eligible institution in the state. The state grant is funded through a combination of general fund appropriations and lottery funds.

Northeast also participates in the Federal Work Study (FWS) program. This is an incentive grant that provides part-time jobs on-and-off campus for undergraduate students with financial need. The federal government and the eligible college pay portions of student wages. In 2015-16, Northeast awarded $74,974 in FWS funds to 67 students. 

Dieckman said her office and the College’s business office have taken a more personal approach in explaining the costs associated with attending college.

“After students register for classes, they are directed to our offices where we have one-on-one conversations with every student. We show them what their costs will be; what it means if they have financial assistance and what they need to do to cover any expenditures associated with their programs of study. These personal conversations have really help our students.” 

Dieckman said the College also awarded $192,025 in Northeast Foundation scholarships, an increase of $31,540 over the previous year. In addition, Northeast students earned $110,875 more in private scholarship funding in the 2015-2016 academic year, with $1.5 million disbursed in private scholarship funds.

Dr. Michael Chipps, Northeast president, said there are still a number of other students who also are in need for additional scholarship dollars.

“Scholarships are invaluable to many of our students; it allows them the opportunity to come to Northeast while keeping their costs affordable. Through the generosity of our (scholarship) donors, Northeast students are able to utilize their financial gifts to earn their degrees, better their lives and make their dreams come true. We are grateful for their contributions.”   

Northeast Community College offers students a number of scholarships, merit awards, and performance grants established by the College, by the Northeast Foundation, and private organizations and individuals.

For additional information on financial aid and scholarships, go online to

www.northeast.edu/Financial-Aid-and-Scholarships or call the Financial Aid office at (402) 844-7285.

 

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Posted In -- Board of Governors, Norfolk, O'Neill, Press Releases, South Sioux City, West Point

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