These subsidized student loans are available to legal residents of North Carolina who have been accepted as full-time students in accredited associate, baccalaureate, master's or doctoral programs leading to a degree are eligible for this program. Studies must be in specified health, science, or mathematic-related fields. Students may attend a North Carolina postsecondary institution or an eligible out-of-state institution. Award recipients are chosen according to major, academic capabilities, and financial need.
Maximum loans range from $3,000 to $8,500 a year depending on the degree level. Loans are renewable annually on the basis of continued financial need and satisfactory academic progress.
The application period is from January through June 1 of each calendar year for the fall semester.
In-school interest rate is 4%. The out-of-school interest rate ranges from 10% to 15%, depending upon the circumstances of repayment. Cash repayment on an installment basis begins 90 days or less after completion of coursework or licensure. Under specified conditions, certain loan recipients in qualifying disciplines may have their loans canceled through service in North Carolina.
Carolina Student Loan Program for Health, Science, and Mathematics, PO Box 13663
Research Triangle Park, NC 27709-3663
Phone: 1-800-700-1775, ext. 313