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Health, Science and Mathematics Student Loan Program (HSM)

The HSM Program provided forgivable loans to qualified North Carolina residents who are committed to working full-time in medicine, allied health, nursing, or as science and mathematics educators in North Carolina.

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

Option 1: Loan Forgiveness


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

  • Graduate from the program on the degree level for which you received financial assistance
  • Obtain licensure or certification
  • Secure full-time employment in a qualified position

How to Apply for Loan Forgiveness

  1. Submit verification of graduation to NCSEAA.
  2. Notify NCSEAA of your intent to repay through loan forgiveness within 90 days of graduation.
  3. Obtain licensure in the field for which you were funded.
  4. Secure a qualified position.
  5. Complete a Loan Forgiveness Application and submit 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 the loan through loan forgiveness, then you must repay it in cash within ten years of graduation or withdrawal from the HSM program. You may 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: HSM Cash Repayment.


A deferment is a period in which loan forgiveness 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: HSM Deferment.