Future Teachers of North Carolina (FTNC)

The FTNC Program provided financial assistance to college juniors or seniors pursuing a degree to teach math, science, special education, or English as a Second Language, and who agree to teach in that subject area in the public schools of North Carolina. NCSEAA forgives one-third of the principal balance for each year of full-time qualified employment. You must complete loan forgiveness within five years of graduation, excluding periods of approved deferments.

You must repay your FTNC loan through loan forgiveness or cash payments.

Option 1: Loan Forgiveness

Requirements

You must complete the following requirements to qualify for loan forgiveness:

• Graduate from the program for which you received financial assistance
• Obtain licensure from the North Carolina Department of Public Instruction
• Secure full-time employment in a qualified position (teach full-time in either science, math, special education, or English as a Second Language in a North Carolina public school)

How to Apply for Loan Forgiveness

1. Notify NCSEAA of your intent to repay through loan forgiveness within 90 days of graduation, even though you may not have secured a qualifying position. You may complete this process during the exit interview process on the Student Portal or through Repayment Services at (919) 549- 8614, ext. 4654 or (800) 700-1775, ext. 4654.
2. Obtain teacher licensure from the North Carolina Department of Public Instruction.
3. Secure a qualified position.
4. Complete a Loan Forgiveness Application form and return it to NCSEAA for approval.

For additional information, see Frequently Asked Questions about Loan Forgiveness.

Option 2: Repay the Loan in Cash

If you cannot repay your loan through loan forgiveness, then you must repay it in cash within ten years of graduation or withdrawal from the FTNC loan program. You may either repay the loan in one lump sum or monthly installment payments.

For additional information and instructions on how to repay in cash, visit Frequently Asked Questions: FTNC Cash Repayment.

Deferment

A deferment is a period in which service or cash repayment of a loan is postponed or delayed. Although payments are not due during a deferment period, interest at the rate of ten percent will continue to accrue on the outstanding principal balance of your loan. You may apply for deferment by completing and returning a Postponement/Deferment Form to NCSEAA for approval.

For additional information visit Frequently Asked Questions: FTNC Deferment.