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10 High St Ste 204
Boston, MA 02110
p. 617-951-2350
w. www.necb.edu/

New England College of Business and Finance

New England College of Business and Finance Rating: 3.3/5 (6 votes)

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In 2011, New England College of Business and Finance (NECB) was named the most affordable private college in New England by the U.S. Department of Education.

Based in Boston, Massachusetts, the New England College of Business and Finance has been providing business-oriented higher education programs since 1909. The school is primarily involved in offering distance learning programs that range from the associate level all the way up to the master’s level, specializing in areas such as business in general, finance, or even ethics and compliance. Also known simply as NECB, the school was originally established under the name of the American Banking Institute; it received degree-granting status from the state in 1979 and in 1985 obtained full regional accreditation.


NECB has just recently celebrated its 100th anniversary of state of the art education in the business field. At present, the institution’s specialization is in online degrees aimed at advancing students’ understanding of business in many ways as well as their business skills. Always ahead of the curve, the school offers coaching support to help students maximize their learning experience at NECB.

Most students at NECB are already working professionals that have to balance their studies against their jobs and family responsibilities. Hence, the school deliberately allows for students to learn at a pace that suits them best, pursuing programs set up and taught by experts in the specific subject matter. Given the rate of tuition, a NECB education offers a tremendously high return on one’s investment.

Most Popular Fields of Study


In accordance with the open admissions policy in force at NECB, any person in possession of a high school diploma or a GED can enroll with the school. In order to be considered for admission, the following requirements must be satisfied:

  • an official Application for Admission must be completed
  • the $50 application fee must be paid, which is non-refundable
  • the annual fee of $50 for “e-resources” must be paid
  • proof of high school diploma or GED must be provided
  • and finally, the applicant must complete the Student Financial Agreement must be submitted (or other loan documentation) in the case of people seeking financial assistance.
  • For first-time applicants, part of the admissions procedure will entail taking the English, Math and Computer Skills Diagnostic Exams (which are mandatory before actually begin any coursework). It should be noted that applicants to NECB already in possession of an associate, bachelor’s, master’s or doctoral degree, or who have earned 24 or more college-level credits that cover the fundamental areas described above, are exempt from these diagnostic exams.

    Financial Aid

    NECB is a participating institution in the Federal Title IV financial assistance programs, and hence its Financial Aid Office can help new applicants and/or current students obtain a variety of forms of financial assistance: from Federal Pell Grants to Federal Stafford Loans, Federal PLUS Loans, and much more.

    Anybody interested in obtaining such federal assistance for their studies should get in touch with the school’s Financial Aid Office for help in navigating the application process (such as via the Free Application for Federal Student Aid, the most important document in this regard). The staff at the school’s Financial Aid Office are not only available to help current and prospective students in obtaining federal and other forms of aid, but also are on hand to help in this regard following graduation or withdrawal from NECB. The staff can also help at any stage in terms of loan deferment, loan repayment/consolidation plans, and general credit matters.

    Student Financial Aid Details

    Ranks 151st for the average student loan amount.
    Secrets to getting the best scholarships and financial aid in Massachusetts.


    The experience at NECB is specifically designed to be in sync with the hectic lives of its students, who, as mentioned, are mostly working professionals. The school has provided the ideal solution for people seeking an engaging, top-notch online degree and there are a number of highly affordable, specialized and flexible programs being offered at present.

    The online learning experience at NECB is highly collaborative and results in the same credit, faculty services and support and general assistance as that offered to on-campus students at the school. Students in all scenarios will find that they are provided:

  • support services throughout their academic program from both faculty members and academic advisors
  • curricula that reflect current knowledge and business realities
  • faculty and guest speakers that represent the leadership within their fields of expertise
  • a highly media-rich learning environment
  • and the ability to access their courses at any time of day or night, from any location.
  • Student Enrollment Demographics

    Student Graduation Demographics

    Information Summary

    Ranks 74th in Massachusetts and 2054th overall
    See the entire top 2,000 colleges and universities list

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    Contributed Photos

    College Logo :: New England College of Business and Finance College Program :: New England College of Business and Finance New England College of Business and Finance Logo :: New England College of Business and Finance

    Demographics – Main Campus and Surrounding Areas

    Reported area around or near Boston, MA 02110
    Surrounding communityLarge city (inside urban area, pop. over 250,000)
    Total Population1,428 (1,428 urban / N/A rural)
    Households904 (1.54 people per house)
    Median Household Income$79,085
    Families335 (2.26 people per family)

    Carnegie Foundation Classification

    Associate's — Private For-profit 4-year Primarily Associate's
    Undergraduate PopulationHigher part-time two-year
    EnrollmentExclusively undergraduate two-year
    Size & SettingVery small two-year

    General Characteristics

    Title IV EligibilityParticipates in Title IV federal financial aid programs
    Highest offeringMaster's degree
    Calendar SystemOther academic year
    Years of college work requiredN/A
    Variable Tuition
    Religious AffiliationN/A
    Congressional District2508

    Special Learning Opportunities

    Distance LearningN/A
    ROTC — Army / Navy / Air Force  —   /   / 
    Study Abroad
    Weekend College
    Teacher Certification

    Student Tuition Costs and Fees

    Ranks 3823rd for total cost of attendance
      In District In State Out of State
    Effective as of 2014-09-19
    FT Undergraduate Tuition $9,160 $9,160 $9,160
    FT Undergraduate Required Fees $75 $75 $75
    PT Undergraduate per Credit Hour $382 $382 $382
    FT Graduate Tuition $19,200 $19,200 $19,200
    FT Graduate Required Fees $75 $75 $75
    PT Graduate per Credit Hour $800 $800 $800
    Total Cost of Attendance — On-Campus $10,035 $10,035 $10,035
    Total Cost of Attendance — Off-Campus w/out Family $15,635 $15,635 $15,635
    Total Cost of Attendance — Off-Campus with Family $11,635 $11,635 $11,635

    Student Tuition Cost History and Trends

    Prior year cost comparison
      In District In State Out of State
    Published Tuition & Fees $7,875(N/C) $7,875(N/C) $7,875(N/C)
      Cost (regardless of residency)
    Effective as of 2014-09-19
    Books & Supplies $800(N/C)
    On-Campus – Room & Board N/A(N/C)
    On-Campus – Other Expenses N/A(N/C)
    Off-Campus w/out Family – Room & Board $4,000(N/C)
    Off-Campus w/out Family – Other Expenses $1,600(N/C)
    Off-Campus with Family – Room & Board $1,600(N/C)

    Admission Criteria

     = Required,   = Recommended,   = Neither required nor recommended
    Open Admissions
    Secondary School GPA / Rank / Record N/A /  N/A /  N/A
    College Prep. CompletionN/A
    Formal competency demoN/A
    Admission test scoresN/A
    Other testsN/A

    Admission Credits Accepted

    Dual Credit
    Life Experience
    Advanced Placement (AP)

    Student Services

    Remedial Services
    Academic / Career Counseling
    PT Cost-defraying Employment
    Career Placement
    On-Campus Day Care
    Library Facility

    Student Living

    First-time Room / Board Required
    Dorm CapacityN/A
    Meals per WeekN/A
    Room FeeN/A
    Board FeeN/A

    Faculty Compensation / Salaries

    Ranks 3400th for the average full-time faculty salary.
    Effective as of 2014-09-20
    Tenure system N/A
    Average FT Salary $50,658 ($49,323 male / $65,456 female)
    Number of FT Faculty 8 (7 male / 1 female)
    Number of PT Faculty 55
    FT Faculty Ratio 0.1 : 1
    Total Benefits N/A

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