State Funds

North Carolina Student Loan Program for Health, Science, and Mathematics is open to full-time students from North Carolina studying in one of the following subject areas:

  • Allied Health
  • Health Sciences
  • Clinical Psychology
  • Medical Social Work
  • Mathematics Education
  • Agricultural Sciences
  • Renewable Natural Resources
  • Computer and Information Services
  • Engineering and Engineering-Related Technologies
  • Life Sciences
  • Physical Sciences
  • Food Sciences and Human Nutrition
  • Dietetics/Human Nutritional Services

Loan amounts range from $4,500 to $6,500 a year depending on the degree level. Loans are renewable annually based upon satisfactory academic progress and require a promissory note with notarized signatures from recipient and two sureties. The in-school interest rate is 4%. The out-of-school interest rate varies from 10% to 15%, depending upon the circumstances of repayment. Repayment begins within 90 days after completion of course work or training.

To request information and an application, contact the North Carolina Student Loan Program for Health, Science, and Mathematics (P.O. Box 14223, Research Triangle Park, NC 27709, (919) 549-8614). Applications should be submitted as soon as possible after January 15.

The North Carolina Scholarship Loan Fund for Prospective Teachers was established for state residents preparing to teach in North Carolina public schools. You may receive a maximum of $2,500 per academic year when enrolled in a full-time teacher education program. To be eligible, you must:

  • Be planning to teach in a priority area.
  • Show high academic performance as measured by grade point average, scores on standardized tests, class rank and recommendations of guidance counselors.
  • Financial need is not a selection criterion.

The interest rate on the loan is 10%. The loan is renewable for a period of four years. One annual loan is automatically canceled for each year that you teach in a North Carolina public school.

Applications and additional information are available in the Office of Financial Aid.

Applications must be submitted to: North Carolina Department of Public Instruction, Teacher Education Section, 301 N. Wilmington Street, Raleigh, NC 27601-2825. Recipients are announced in May.