Nurse Education Scholarship-Loan Program (NESLP)
This program was first funded by the 1989 North Carolina General Assembly as part of a series of initiatives designed to reduce the shortage of practicing nurses in North Carolina. NESLP is administered by the North Carolina State Education Assistance Authority.
NESLP awards are available through the financial aid offices of North Carolina colleges and universities that offer nurse education programs which prepare students for licensure in North Carolina as a Licensed Practical Nurse (LPN) or a Registered Nurse (RN). Awards are based upon financial need and other factors such as academic performance.
NESLP awards range from $400 to $5,000, depending upon the student’s demonstrated financial need, cost of instruction, other financial assistance, and the amount of funding available through NESLP. The maximum award for students enrolled in Associate Degree Nursing (ADN) and Practical Nurse Education (LPN) programs is $3,000. The maximum award for students enrolled in a baccalaureate (BSN) program is $5,000.
Contact the financial aid office at the participating NC college or university offering the level of nurse education instruction desired. Recipients must execute a promissory note.
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. Student has up to seven years to repay loan in service or ten years to repay loan in cash.