Unlike grants or scholarships, student loans are monetary awards that students and their families are expected to repay. Loans are legal obligations, so before you take out a student loan, you should consider carefully the amount that you will be able to repay as well as the various lending options.

Student loans come in several forms. Here are a few sources to help you on your way:

Loan Programs is a publication of College Foundation of North Carolina to guide students and their families through the lending process in North Carolina.

The Federal Student Aid website offers detailed information about federal loans and other types of aid.


Forgivable Education Loans for Service (FELS) are loans for students pursuing degrees in nursing, teaching, allied health, or medicine. These loans are forgiven if you work in an approved position in your field in North Carolina for each year you received the loan.