NC Assist Program

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

The NC 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