Nurse Education Scholarship Loan Program (NESLP)
(FELS – repealed but renewable)
The NESLP is designed to reduce the shortage of practicing nurses in North Carolina.
Eligibility: NESLP awards are
- Available through the financial aid offices of North Carolina colleges and universities that offer nurse education programs that prepare students for licensure in North Carolina as Licensed Practical Nurses (LPN’s or RN’s)
- Based upon financial need and other factors such as academic performance
- Applicants must be residents of North Carolina for tuition purposes.
Application Procedure: Contact the financial aid office for application information. Recipients once selected must sign a promissory note.
Repayment: Recipient enters into a contract with the State of North Carolina to work full-time as a licensed nurse in North Carolina. A minimum of six months consecutive full-time employment with one employer is required to qualify for service cancellation. Loans not repaid through service must be repaid in cash. The interest rate for cash repayment is 10% from the date of disbursement. Recipient has up to seven years to repay loans in service or ten years to repay loans in cash.