Fuel your success in grad school with NC Assist's 6.95% fixed interest rate and transparent financing. Explore loan options and tools like the smart borrower calculator and loan estimator for informed decisions. Benefit from no fees, auto-draft payment discounts, and up to $200,000 borrowing limit for financial stability. Meet eligibility requirements easily and access support Mon-Fri, 9am-5pm EST for your queries. Discover how NC Assist can pave the way for your educational journey in grad school.
Key Takeaways
- Fixed 6.95% interest rate for financial stability.
- No fees ensure transparent borrowing terms.
- Auto-draft payments offer 0.25% interest rate discount.
- Borrow up to $200,000 with manageable repayment terms.
- Support team available for loan assistance and guidance.
Loan Options and Tools
When considering loan options and tools for financing graduate school, prospective students can rely on NC Assist's extensive range of resources to make informed decisions.
NC Assist, a non-profit lender dedicated to supporting North Carolina students pursuing graduate education, offers a variety of tools and calculators to aid in the borrowing process.
Students can access the Smart Borrower calculator to estimate salaries in their chosen field, utilize the NC Assist Loan Estimator for monthly payment calculations, and compare different loan options to make the most suitable choice.
With a fixed interest rate of 6.95% and no application or origination fees, NC Assist provides transparent and affordable financing solutions to help students achieve their academic and career goals.
Benefits of NC Assist
NC Assist offers a range of benefits that support students in financing their graduate education effectively and responsibly. With a fixed interest rate of 6.95%, students gain financial stability and a clear understanding of their repayment terms.
The absence of fees, including application, origination, and prepayment fees, guarantees transparent borrowing terms. By enrolling in auto-draft payments, borrowers can enjoy a 0.25% interest rate discount, promoting on-time payments.
Additionally, NC Assist provides borrowing limits of up to $200,000, covering the cost of attendance effectively. With a 10-year maximum repayment period and a $50 monthly minimum payment, students can manage repayments efficiently.
These benefits make NC Assist a valuable resource for aspiring graduate students.
Eligibility and Requirements
Determining eligibility for NC Assist involves meeting specific requirements outlined to guarantee responsible borrowing practices. Applicants must be at least 17 years old, enrolled in an eligible degree-seeking program, and either a resident of North Carolina or attending a school in the state.
Additionally, individuals need to meet creditworthiness criteria or have a qualified co-signer, along with holding U.S. citizenship or eligible non-citizen status. Utilizing a co-signer can enhance loan eligibility and potentially secure lower interest rates.
Repayment and Discounts
Applicants who meet the eligibility requirements for NC Assist can benefit from clear repayment terms and potential discounts available to support their financial obligations.
The program offers a 0.25% interest rate discount for borrowers who enroll in auto-draft payments, incentivizing timely and consistent repayment. Additionally, there are no application, origination, or prepayment fees, ensuring transparency and cost-effectiveness for students.
With a fixed interest rate of 6.95%, borrowers can have a stable understanding of their repayment obligations throughout the 10-year maximum repayment period. These features, coupled with a $50 minimum monthly payment requirement, aim to provide manageable repayment options for students pursuing graduate education with NC Assist.
Contact and Support
For inquiries regarding assistance with student loans or the application process, please do not hesitate to reach out to our dedicated support team. We recognize that maneuvering the financial aspects of graduate school can be daunting, and our team is here to offer guidance and support every step of the way. Whether you have questions about loan terms, eligibility requirements, or the application process, we are here to help. Feel free to contact us via phone, email, or through our online portal for personalized assistance tailored to your needs.
| Contact Method | Availability |
|---|---|
| Phone | Mon-Fri, 9am-5pm EST |
| support@ncassist.org | |
| Online Portal | 24/7 Assistance |
| Fax | Upon Request |
| In-Person | By Appointment Only |
Frequently Asked Questions
Can I Use NC Assist Loans for Online Graduate Programs?
Yes, NC Assist loans can be used for online graduate programs. NC Assist is a non-profit lender offering transparent terms, fixed interest rates, and tools for responsible borrowing. Reach out for more details on loan eligibility and the application process.
Are There Any Penalties for Early Loan Repayment?
There are no penalties for early loan repayment with NC Assist. Students can pay off their loans sooner without incurring additional fees. This flexibility encourages responsible financial management and allows borrowers to save on interest costs.
How Does the Auto-Draft Discount Work Exactly?
The auto-draft discount provides a 0.25% interest rate reduction for borrowers who enroll in automatic payments from their bank account. This incentive promotes timely payments and helps borrowers save on interest costs over the loan term.
Is There a Grace Period for Loan Repayment After Graduation?
Is there a grace period for loan repayment after graduation? Yes, there is a standard six-month grace period after graduation before loan repayment begins. This allows graduates to shift into the workforce before starting to repay their loans.
Can International Students Apply for NC Assist Loans With a Cosigner?
Yes, international students can apply for NC Assist loans with a qualified cosigner. This allows them to boost their loan eligibility and potentially secure lower interest rates. Contact us for more information on the application process and eligibility criteria.
Conclusion
In the domain of graduate education, NC Assist emerges as a beacon of financial support and guidance. With transparent borrowing terms and competitive rates, students can navigate the complexities of funding their academic pursuits with confidence. Additionally, NC Assist offers personalized support and resources to help students understand their financial options and make informed decisions about their education. Through the NC Assist program, students have access to educational workshops, one-on-one counseling, and assistance with completing financial aid applications. This comprehensive approach ensures that graduate students have the necessary tools and knowledge to successfully finance their education.
By prioritizing responsible borrowing practices and offering exclusive discounts, NC Assist paves the way for success in graduate school.
For students seeking a reliable partner in their academic journey, NC Assist stands ready to empower and propel them towards their goals.
