It is essential to enquire is New England College Of Business And Finance accredited? A Private institution for-profit, New England College of Business is headquartered in Boston, Massachusetts, and offers online degrees. The American Banking Institute was the name given to the institution when it was founded in 1909.
In 1979, the Board of Regents of Higher Education in Massachusetts granted it its initial designation as a degree-granting institution. The college received full accreditation six years later, making it the first bank-sponsored educational institution in the United States.
The college changed its name to “the New England Banking Institute” in 1988. The Connecticut Commissioner of Higher Education granted the college its license in 1990. Then, in 1993 and 1997, respectively, Rhode Island and New Hampshire authorized it.
The college’s name was changed to New England College of Finance the following year. The college began providing online programs in 2002 after entering into a relationship with the Alfred P. Sloan Foundation.
The New England curriculum was accepted by UC Barkley’s postgraduate finance online degree program two years later. The college’s name was modified to its present form in 2008.
In 2011, it first started supplying its first graduate degree program. The college was given the Gold Best Practices Award for Remote Learning Programming three years later.
According to New England, one of its goals is to provide high-quality, affordable education to students interested in business-related careers. It provides three associate’s and bachelor’s degree-granting undergraduate programs.
Also, it provides admission to 5 master’s degree programs throughout the year without deadlines. The college also provides four non-degree certificate programs.
The New England Association of Schools and Colleges has granted New England College accreditation. The Brightwood/NECB Alumni Scholarship and the Golf Academy of America Alumni Scholarship are two of the 12 scholarship programs that offer financial aid to students.
NECB has a fairly high acceptance rate of 100%. However, this doesn’t necessarily mean that the college is any less competitive than others.
As a business and finance college, NECB has specific requirements and standards for its prospective students, such as a minimum GPA and relevant work experience.
Therefore, while everyone who applies is accepted, not everyone is eligible to enroll in the programs.
Graduation and Retention Rate
NECB’s graduation and retention rate are some of the factors that showcase the college’s commitment to ensuring that its students succeed.
According to the National Center for Education Statistics (NCES), NECB’s overall graduation rate is 38%, and its retention rate is 66%.
While these numbers may not seem impressive, it’s important to note that NECB caters to non-traditional students who may have work and family obligations.
Therefore, the college provides flexible scheduling and online learning options to accommodate their needs.
As a private college, NECB’s tuition fee may be higher than that of public colleges. However, it’s essential to consider the value of the education that the college provides.
NECB’s tuition fee varies depending on the program and the student’s residency status. For instance, the online MBA program costs $850 per credit hour for both in-state and out-of-state students.
On the other hand, the online Bachelor of Science in Business Administration program costs $310 per credit hour for in-state students and $380 per credit hour for out-of-state students.
Additionally, the college offers scholarships and financial aid to eligible students.
NECB participates in the federal student loan program, which enables eligible students to receive financial assistance to fund their education.
Students can apply for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.
However, it’s important to note that student loans are a form of debt that has to be repaid, so it’s advisable to borrow only what’s necessary.
Average Salary of New England College Of Business And Finance Graduates
NECB’s focus on business and finance education pays off for its graduates. According to PayScale, the average salary of NECB alumni is $77,000 per year.
Additionally, graduates from the college’s online MBA program report an average salary of $90,000 per year, which is higher than the national average for MBA graduates.
These numbers show that NECB provides its students with the knowledge and skills needed to succeed in the job market.
NECB’s location in Boston, Massachusetts, is another factor that adds to the value of the college’s education.
Boston is a hub for business and finance, providing students with various opportunities to network, intern, and find employment.
Additionally, Boston’s rich history, culture, and entertainment options make it an exciting and dynamic city to live in.
Is New England College Of Business And Finance Accredited?
Finally, to answer the question at hand, yes, NECB is accredited. The college is accredited by the New England Commission of Higher Education (NECHE), which is a regional accrediting agency recognized by the U.S. Department of Education.