Funding Sources

Grants

Federal Pell Grants: The Federal Pell Grant is a federal aid program designed to provide financial assistance for postsecondary education. Award amounts are determined by the Federal Department of Education. Students must complete a FAFSA, and must display a financial need to be eligible.

Federal Supplemental Educational Opportunity Grants (FSEOG): A federal grant designed to provide assistance to documented exceptionally needy students to help pay for postsecondary education. Students must complete a FAFSA. Priority is given to non-resident students with a documented exceptional need.

Colorado Student Grants: The Colorado Student Grant program is funded by the Colorado General Assembly and is to provide assistance to qualified undergraduate students with documented financial need at state institutions of higher education. Award limitations are set by the Colorado Department of Higher Education. Students must be a Colorado resident and complete a FAFSA or CASFA.

Colorado Career & Technical Education (CTE) Grants: The CTE Grants may be applied towards tuition, fees, and book costs of eligible students and may not exceed the cost of the program which the student is enrolled. Eligible applicants must be Colorado residents enrolled in a short-certificate program that is less than 15 credits in length, and not eligible for federal aid. Students must complete the CTE Grant application.

COSI Finish-What-You-Started Grants: These grants are funded by the State of Colorado from the federal American Rescue Plan Act, which provides direct and indirect support to students who have completed some college, but have not yet earned a degree. Students must submit an application at: COSI Finish What You Started Grant | Northeastern Junior College (njc.edu).

Work-Study

Federal Work-Study: Federally funded work programs with a portion of the funds contributed by the college. Awards are made only to students who have a documented financial need. Students must complete a FAFSA.

Colorado Work-Study: Funding by the Colorado General Assembly for an employment program awarded to Colorado residents with documented financial need. A wide variety of positions are available on campus. Students must complete a FAFSA or a CASFA.

Colorado No-Need Work-Study: Funding by the Colorado General Assembly for an employment program awarded to a limited number of Colorado residents without documented financial need. Students must complete a FAFSA.

Loans

Federal Direct Subsidized Stafford Loan: These are low interest loans that are based on documented financial need. With the William D. Ford Direct Lending Program, the loan funds are delivered directly from the U.S. Department of Education. The federal government pays the interest while you are in school or during your grace period. Repayment begins six months after the student leaves school or is enrolled in less than six credit hours. Origination fees are deducted prior to disbursement of funds. Students must complete a FAFSA.

Federal Direct Unsubsidized Stafford Loan: These loans are not based on financial need. The borrower is responsible for the interest payments. With the William D. Ford Direct Lending Program, the loan funds are delivered directly from the U.S. Department of Education. Origination fees are deducted prior to disbursement of funds. Students must complete a FAFSA.

Federal Direct Parent Loan for Undergraduate Students (PLUS): Fixed interest rate loan made to the student’s parents for the student’s educational expenses. This loan is based on a credit check. Amount is limited to the cost of educational expenses minus other aid. Origination fees are deducted prior to disbursement of funds. Repayment begins 30 days after the final disbursement, or parent can choose to defer payments until 6 months after student completes school. Applications are available at Home | Federal Student Aid.

Scholarships

Scholarships are available from several sources and the criteria for those vary. Each scholarship is awarded under provisions of the specific award.

The majority of Northeastern scholarships require some type of application. For a complete description of all Northeastern Scholarships and appropriate application procedures, please visit the website at Scholarships | Northeastern Junior College (njc.edu). The following is a brief list of scholarship funding sources available:

Northeastern Foundation Scholarships
Northeastern Alumni Scholarships
Northeastern Institutional Scholarships
Community Scholarships awarded by Northeastern

Summer Aid

Funding for summer generally consists of unused academic year Federal Pell Grant, Federal Direct Stafford Loan, Unsubsidized Federal Direct Stafford Loan, or PLUS Loan eligibility. Federal Pell Grant funding my come from the current FAFSA or succeeding FAFSA, whichever benefits the student the most. Students interested in summer financial aid must submit the Summer Aid Application located on our website.

Veteran Educational Programs

The Financial Aid Office works with the Veterans Administration to assist in administering provision of the various programs of benefit to veterans or eligible relatives of veterans under benefits. The Financial Aid Office certifies enrollment and transmits necessary credentials and information to the proper Veterans Administration Office. Students that intend to utilize VA benefits while attending Northeastern, should contact the financial aid office prior to the start of the semester.

Prime Time Learner (Senior Adult) Institutional Grant

Senior adults are classified as individuals over the age of 60 at the time a class begins. These students may enroll in courses and receive a scholarship equal to 50 percent of the current per credit tuition rate. Scholarships will only be given if the course has room to accommodate extra students on a space available basis. Enrollees must also qualify for the COF stipend and utilize those funds for courses. Scholarship forms and additional information is available through the Office of Financial Aid.