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Federal & State Funding
North Carolina Forgivable Education Loans for Service provide loan funds with forgiveness options in exchange for working in the State of North Carolina after graduation. This program is administered by the College Foundation of North Carolina. Students enrolled in 6-8 credit hours receive half of the loan funding for fall and spring semesters. Students enrolled in 9 credit hours or more receive the full funding for fall and spring semesters.
Federal HRSA Traineeships provide significant funding for students who intend to work in a rural or underserved area after graduation.
Federal HRSA Scholarship and Loan Repayment Programs (PDF) provide funding to help students offset the cost of their education. The scholarship programs provide tuition, fees and living stipend assistance to students enrolled in a qualified nursing program. The loan repayment programs provide funding to graduates who are employed full-time at a critical shortage facility and have qualifying educational loans.
Faculty Loan Repayment Program provides up to $40,000 to health professionals from disadvantaged backgrounds in exchange for two years of service on the faculty at an accredited health professions college or university.
U.S. Public Health Services’ SRCOSTEP Program provides pay and benefits to selected applicants in the final year of full-time academic study in exchange for work for the sponsoring agency as a Commissioned Corps Officer after graduation. The service obligation is equal to twice the time sponsored; that is, for 9 months of financial support, a SRCOSTEP participant commits to 18 months of employment with the division or organization that provided the support.
NC Rural Practice Incentive Programs (For MSN FNP Graduates) are state loan repayment programs with tax-free funds for loan repayment made available through the North Carolina Office of Rural Health and Community Care’s administration of State Loan Repayment (SLR). These programs offer up to $60,000 in loan repayment or up to $30,000 taxable bonus (for those with no student loan debt) in exchange for a four-year work commitment.