Student Loans

Information about the many ways to pay for college is available through the College Foundation of NC website. At CFNC.org, you can also access campus tours of North Carolina colleges and universities, as well as online admission and loan applications. College Foundation, Inc. (CFI) is a non-profit corporation created for the purpose of assisting post-secondary students with college access.

• If you are interested in an education loan, federal loans are a good first choice. The U.S. Department of Education offers undergraduate students Direct Subsidized and Unsubsidized Loans. More information on these loans is available at the USDE information site, Student Aid on the Web.
• You must demonstrate financial need on your Free Application for Federal Student Aid (FAFSA) to qualify for a Direct Subsidized Loan
• Direct Unsubsidized Loans available to those who do not demonstrate a financial need.
• The maximum loan amount for Direct Subsidized or Unsubsidized Loans for undergraduate students is $5,500 for the first year with no more than $3,500 being subsidized, $6,500 for the second year with no more than $4,500 being subsidized and $7,500 for the remaining years with no more than $5,500 being subsidized.
• Maximum loan amount for Direct Subsidized or Unsubsidized Loans for graduate students is $20,500 per year with no more than $8,500 being subsidized.
• Payments are deferred until 6 months after school enrollment ends.
• Terms and conditions are subject to change as a result of amendments to federal law.
• You can access the Free Application for Federal Student Aid (FAFSA) through the CFNC website or go straight to the FAFSA form.

Another way to help save for school expenses is the Coverdell Education Savings Account.