Depending on the applicant’s degree level and ability to meet requirements, Forgivable Education Loans for Service (FELS) can range from $3,000 - $14,000 per year. The priority deadline for fall applications is April 1, 2015. Applications are reviewed on a first-come, first-served basis. The 2015-16 application form and detailed information about program requirements are available at www.CFNC.org/FELS.
The Forgivable Education Loans for Service (FELS) Program was established by the North Carolina General Assembly in 2011 and the first loans were awarded for the 2012-2013 academic year. To date, more than 5,200 loans totaling over $42,000,000 have provided financial assistance to qualified North Carolinians who are committed to working in fields designated as critical employment shortage areas in North Carolina. The North Carolina State Education Assistance Authority (NCSEAA) administers the program.