NC Assist Program
In this Section
The NC Assist Loan program is designed to offer students and parents the opportunity to borrow a low-cost alternative loan to help bridge the gap between the cost of attendance and other financial aid. The program focuses on North Carolina residents attending college both in and out-of-state and students from other states attending college in North Carolina.
NC Student Assist Loan Program Information
TheNC Student Assist Loan offers students a low-cost option to finance educational expenses not covered by other financial aid.
Program Features:
- Low fixed rate of 6.7% for qualified borrowers when in repayment using auto-draft
- No application, origination, or pre-payment fees
- Flexible borrowing limits
- Financial education resources
- Grace period
- Minimum loan of $1,000
- Annual maximum loan is the school's cost of attendance minus other aid
- Cumulative maximum loan for undergraduate studies is $120,000
- Choice of repayment options
Borrower Requirements:
- Be at least 17 years old
- Must be a North Carolina resident or attending an eligible North Carolina college
- Be in good standing on any other CFI-held loans
- Meet credit requirements or have a credit-worthy co-signer
- Co-signer must be the spouse or a relative of the student borrower
- Be a U.S. citizen or eligible non-citizen
- Be enrolled at least half-time and maintaining satisfactory academic progress
- Meet other Title IV student eligibility requirements and have remaining financial eligibility (cost of attendance minus other aid) as certified by the school's Financial Aid Office