Payback Time for Student Loan Scams: Marketplace.org report on loan payback scams (July 14, 2014)
Illinois Attorney General sues student loan debt settlement firms: Chicago Tribune (July 14, 2014)
Companies that offer help with student loans are often predatory, officials say: The New York Times (July 13, 2014)
College Foundation of North Carolina (CFNC)
Desseminates information about and handles applications for the Forgivable Education Loans for Service program in North Carolina.
"The Forgivable Education Loan for Service (FELS) was established by the North Carolina General Assembly in 2011 and the first loans available for the 2012-13 academic year. The loan provides financial assistance to qualified students who are committed to working in North Carolina in fields designated as critical employment shortage areas."
The CFNC FELS webpage covers the following information:
FELS loan recipients must sign a promissory note that will require them to seek loan forgiveness through employment in an approved position or repay the loan in cash. Loan forgiveness is described in the FELS Rules. Generally, a loan for one academic year will be forgiven for one year of full-time employment. Loans will accrue interest at the rate of 8% per year from the date of the loan disbursement. Recipients cannot receive FELS funding concurrently with other state-funded loans.
Forgiveness, Cancellation, and Discharge from Federal Student Aid (studentaid.ed.gov) provides the information you need to understand whether you qualify for loan forgiveness due to your job, disability, or other circumstances.