Financial Assistance

Picture from Compass Community Credit Union

We have been able to fundraise and offer assistance to first-generation low income students at Northeastern through reimbursements for online school subscriptions and textbooks. If you are a student in need of financial help, we ask that you join the First-Gen Low Income Student Union at Northeastern to learn more about resources. 

In addition to our own mutual aid, other mutual aid groups in the Greater Boston area are offering aid to students. Some of them include:

Overview of financial aid

Please review Northeastern’s official site on financial aid if you have not already for an overview of how financial aid works and how to apply for it. 

Applying for aid

Overview of types of financial aid from The College Monk

In short, students need to complete the FAFSA every year preferably before the priority deadline and first year students additionally must complete the CSS profile which asks students to upload additional documents such as tax forms. 

  • Under the Northeastern promise, the amount of financial aid you receive every year of attendance will not be reduced so long as your academic performance is satisfactory
  • Overview of aid types:
    • Grants are given to meet a student’s financial need as long as the student maintains a 2.0 GPA and don’t need to be repaid
    • Scholarships are based on merit and don’t need to be repaid
      • In addition to merit based scholarships, NEU offers other scholarships which can be found here and here
    • Loans must be paid back at an interest rate
    • Work-study gives students with demonstrated need an opportunity to find a and receive earnings
      • Many campus employers seek work-study students as the funds are subsidized federally, not from the employers own pocket
      • Please see here to apply for a job, whether work-study based or not

Thrive

Thrive, also known as the Center for Financial Independence, can help students learn about financial independence. Through Thrive, students can pitch an idea regarding financial literacy and receive the funding and resources necessary to make their idea come to life. Previous accepted Thrive projects include the NU Impact Fund which teaches students how to invest and CAVS financial training which teaches students about their pay and financial risks.

Prism

Prism is an app we recommend to help with budgeting and financial planning. As a college student, you may have a degree of financial independence you did not have before and it may be tempting to overspend. It is a free app that tracks bills and subscriptions for you, as well as any income you may have and your spending habits.

External sources of aid

Image from debt.org

It may be worthwhile to consider other external sources of financial aid. For example, scholarship sites can match you with scholarships best fit for you depending on your demographics and interests.