Thursday, October 17, 2019

Forgivable Education Loans for Service

Forgivable Loan Program for Service

Description
Established by the North Carolina General Assembly in 2011, the Forgivable Education Loans for Service provides financial assistance to qualified students enrolled in an approved education program and committed to working in critical employment shortage professions in North Carolina. For the 2018-19 academic year eligible degree programs may be found by clicking the link below. The North Carolina State Education Assistance Authority provides administration for the program.
Eligibility
A recipient must meet the following eligibility criteria to be considered for FELS:
  • Be a legal North Carolina resident and NC resident for tuition purposes
  • At the time of application, present a cumulative minimum grade point average (GPA) of:
    • 3.00 for graduating high school students (weighted GPA)
    • 2.80 for undergraduate students pursuing an associate or bachelor's degree
    • 3.20 for students pursuing a graduate or professional degree
  • Register with the Selective Service System, if required;
  • Recipients must not be in default, or does not owe a refund, under any federal or State loan or grant program
  • Maintain Satisfactory Academic Progress according to the enrolling policy of the institution.
  • Be willing to work in NC in a designated critical employment shortage profession (careers corresponding with a FELS Approved Program)
  • Must plan to enroll in at least six credit hours in an Approved Program at an Eligible Institution
Note: You do not have to be admitted to the program when you apply, but you must be admitted prior to receiving funding, if selected.