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North Carolina Teaching Fellows Program

The TFP-S Program provides forgivable loans to North Carolina students who are pursuing college degrees to teach Science, Technology, Engineering, Mathematics (“STEM”) or special education in the North Carolina public school system. You must complete loan forgiveness within ten years of graduation, excluding periods of approved deferments. One academic year’s loan will be forgiven for one year of full-time teaching in a qualified position in a North Carolina public school identified as low performing, or two years teaching in a qualified position in a North Carolina public school not identified as low performing.

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

Option 1: Loan Forgiveness

Requirements

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

How to Apply

  1. Submit verification of graduation to NCSEAA.
  2. Notify NCSEAA of your intent to repay through loan forgiveness within 90 days of graduation.
  3. Secure a full-time qualified position in a North Carolina public school.
  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 the loan through loan forgiveness, then you must repay it in cash within ten years of graduation or withdrawal from the TFP-S 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: TFP-S Cash Repayment.

Deferment

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: TFP-S Deferment.

Additional Information

North Carolina Teaching Fellows Program


Tip

Q: How long do I have to repay my TFP-S loan obligation through loan forgiveness?

A: You must complete loan forgiveness within ten years of graduation, excluding periods of approved deferments.