North Carolina's EXTRA Education Loan
|Due to financial market
conditions and new federal regulations for alternative loans that
went into effect on February 1, 2010 requiring extensive programming
changes, College Foundation, Inc. has suspended North Carolina's
EXTRA Education Loan Program effective February 1, 2010, until
- EXTRA Education Loan Applications started on CFNC.org
prior to February 1, 2010 but completed on or after February 1,
2010 may be approved as long as they will be disbursed PRIOR to May
- No new EXTRA Education Loan applications will be accepted
on or after February 1, 2010.
|While we sincerely regret the
need to suspend making new loans in North Carolina's EXTRA Education
Loan Program, recent increases in federal loan limits, along with
Grad PLUS, may make this type of loan less necessary than when we
first began offering an alternative loan.
|Nevertheless, we are hopeful
that this suspension will be temporary and that, in the future, we
can again offer an EXTRA Education Loan for students who still need
financial assistance after applying for all other available state
and federal financial aid.