Are there any special grants or scholarships for student loan repayments?

In North Carolina, there are some special grants and scholarships available for student loan repayment. The North Carolina Education Assistance Authority (NC EAA) offers some undergraduate and graduate loan repayment assistance programs. Through these programs, eligible students can receive up to $2,500 for federal and private student loan repayment. Additionally, the NC EAA runs the NC Teaching Fellows Program for aspiring teachers. Qualifying students may receive up to $8,250 annually for four years of teaching in North Carolina public schools. The NC EAA also offers the Education for a Lifetime program, which awards up to $4,000 to pay off student loan debt. This program provides a one-time award to recent graduates of NC community colleges or universities. Additionally, the NC EAA offers the Student Loan Forgiveness program, which awards up to $6,000 to qualifying borrowers who have made 120 consecutive payments on their student loan debt. In addition to state grants and programs, there are some national scholarships and grants available to help pay off student loan debt. The Scholarship America Dream Award, for example, offers up to $5,000 to students from low-income households that have achieved academic success. Additionally, the American Opportunity Tax Credit provides a $2,500 tax credit to students who qualify for the program. Overall, there are several grants and scholarships available to North Carolina students to help with student loan repayment. It is important for students to research these programs and apply for any that they might be eligible for in order to reduce their student loan debt.

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