[Cusom27] FW: NCSEAA New Primary Care Forgivable Loan - Financial Wellness, Aid, and Debt Management

[Pipes, Deborah A]

The below email and attached document are sent on behalf of the Office of Financial Aid. Thanks!

Blessings,

Debi

Debi Pipes
Director of Student Affairs
School of Osteopathic Medicine | Campbell University
Post Office Box 4280 | Buies Creek, North Carolina 27506
Levine Hall Office #115 | 910-893-1784 | medicine.campbell.edu<http://medicine.campbell.edu/>

[cid:image001.png at 01DA1D3E.CA9DFBA0]<http://medicine.campbell.edu/>

CONFIDENTIALITY NOTICE: This e-mail, including any attachments, is intended for the sole use of the addressee(s) and may contain legally privileged and/or confidential information.  If you are not the intended recipient, you are hereby notified that any use, dissemination, copying or retention of this e-mail or the information contained herein is strictly prohibited.  If you have received this e-mail in error, please immediately notify the sender by telephone or reply by e-mail, and permanently delete this e-mail from your computer system.  There is no intent on the part of the sender to waive any privilege, including the attorney-client privilege, that may attach to this communication.  Thank you. IF YOU HAVE RECEIVED THIS IN ERROR, PLEASE CALL ME IMMEDIATELY AT 910-893-1784.


From: Severin, Benjamin M <bseverin at campbell.edu>
Sent: Wednesday, November 22, 2023 12:22 PM
To: Pipes, Deborah A <dpipes at campbell.edu>
Subject: NCSEAA New Primary Care Forgivable Loan - Financial Wellness, Aid, and Debt Management



Good afternoon!



The North Carolina State Education Assistance Authority (NCSEAA) has added to the Forgivable Education Loans for Service (FELS) program. Please find information below that was provided by NCSEAA.



The North Carolina State Education Assistance Authority (NCSEAA) is pleased to inform you that the NC General Assembly added Primary Care Medicine and Psychiatry to the FELS program, effective with the 2024-2025 academic year, to address the critical demand for physicians practicing primary care medicine and psychiatry in the rural and highest-need areas of North Carolina.



Students enrolled in a medical school for the purpose of obtaining licensure as a physician under Article 1 of Chapter 90 of the General Statutes to practice either primary care medicine or psychiatry may qualify for a forgivable loan in an amount of up to twenty-five thousand dollars ($25,000) per academic year, for a total amount of loans up to one hundred thousand dollars ($100,000).  To meet the service obligation for this forgivable loan, the student must practice in-person primary care or psychiatry in an eligible North Carolina county designated as a development tier one or tier two<https://www.commerce.nc.gov/grants-incentives/county-distress-rankings-tiers> area in the annual ranking performed by the Department of Commerce.



Students may begin to apply via CFNC<https://www.cfnc.org/pay-for-college/apply-for-financial-aid/forgivable-education-loans-for-service/> starting Tuesday, January 16, 2024.  The application closes on Friday, March 1, 2024.  Awardees are determined by randomized lottery.  Students must be North Carolina residents per the NC Residency Determination Service (RDS) and meet all other FELS eligibility requirements.



While their website hasn't been updated quite yet to include this additional program, you can find out more about the general eligibility/requirement criteria here: https://www.cfnc.org/pay-for-college/apply-for-financial-aid/forgivable-education-loans-for-service/ . Remember, the application for any of the Forgivable Education Loans for Service won't go live until mid-January 2024 and will have a deadline of March 1st, 2024.



Happy Thanksgiving!
Ben




Ben Severin
Associate Director
Office of Financial Aid
Campbell University
(910) 893-1317 (Phone)

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