On August 8, 2020, President Trump signed an executive order extending the relief provided for student loans owned by the federal government in the CARES Act. The executive order did not extend relief to any other student loan holders. Loans serviced by College Foundation, Inc. are neither Direct Loans nor owned by the federal government and were not included in the CARES Act.
If you have been affected in any way by the coronavirus outbreak, there are options available to help. CFI can help you by granting a capping, discretionary forbearance for up to 3 months upon request. You may qualify for a deferment of payments based on your circumstances such as unemployment or economic hardship. Our call center counselors are trained to help you understand the options available. Call us at 800.722.2838 Mon-Thurs from 8am-7pm or Friday from 8am-5pm with any questions.
We will continue to monitor any legislation in regards to COVID relief and provide updates if additional options become available.
NEW LOWER INTEREST RATES for applications started on or after June 26, 2020! Student fixed rates will be as low as 5.25% with auto draft payments. Parent fixed rates will be as low as 4.50% with auto draft payments. (Loan must be in repayment status to qualify for lowest rate.)
NC Student Assist Loan and NC Parent Assist Loan
No origination fees
No application fees
No prepayment penalty fee
Competitive Fixed Rate
NC Student Assist Loan has a 5.50% fixed interest rate
NC Parent Assist Loan has a 4.75% fixed interest rate
Interest Rate Reduction for Auto-draft
A .25% rate reduction may apply when making auto-draft payments.
Choose In-School or Deferred Payment Options
Repayment for the NC Student Assist Loan can be postponed based on enrollment status.
Borrow up to the Cost of Attendance less other Financial Aid
Offered by College Foundation, Inc., your state-based nonprofit lender