Nc Parent Assist Loan

Nc Parent Assist Loan

5 min read


NC Parent Assist Loan (PAL) is a program developed by the NC Department of Health and Human Services Division of Public Assistance (DPA) to provide financial assistance to families who need help paying private medical insurance premiums due to their child’s disability or illness. If you qualify, DPA will pay 80% of the premium directly to your chosen insurer.

To apply for PAL, visit You will need to complete an application and submit documentation supporting your claim along with any requested attachments. Your tax return should reflect income above $500 per month. Income over $500 per month means you have sufficient income to cover at least 80% of the monthly premium cost. To find out if you qualify, call 1-877-895-2853 Monday through Friday between 8:30am and 4:30pm EST.

If you prefer to make a cash payment instead of taking advantage of these benefits, you may do so on a quarterly basis. Payment dates are October 15th, January 15th, April 15th, and July 15th. Payments must be made by check payable to “North Carolina Department of Insurance,” then mailed to North Carolina Department of Insurance – Child Support Unit P.O. Box 181901 Raleigh, NC 27613-1901. For additional information, call 1-866-741-4900 or email

Nc Parent Assist Loan

Nc Parent Assist Loan

NC Parent Assist Loans were created to help parents who want to send their children to college, pay for some of the higher cost of tuition at NC State University, get information, and find scholarships. You can apply online at

Application Process

The application process takes about 15 minutes and consists of answering 5 questions based on financial need and parental income. If you have any questions please call us at 877-904-0376 or email us at

How do I know if my child qualifies?

If you qualify, you will receive a packet of forms to fill out to complete your loan application. Your child must be enrolled full time at an eligible school (see table below) and the first two semesters after completing high school. In addition, your child’s grade point average must have been maintained above 2.0 the previous semester.

Fee Schedule

Semester Amount Per Child

Fall 2016 Fall 2017 Spring 2018 Summer 2019 12 $150 $190 $200 18 $300 $350 $400 24 $450 $500 $550 30 $600 $650 $700 36 $750 $800 $850 42 $900 $950 $1000 48 $1,000 $1,050 $1,100 54 $1,100 $1,250 $1,300 60 $1,220 $1,400 $1,500 66 $1,420 $1,500 $1,600 72 $1,530 $1,600 $1,710 78 $1,620 $1,700 $1,810 84 $1,740 $1,800 $1,910 90 $1,770 $1,850 $2,010 96 $1,890 $2,000

Parental Income Range

$25,001-$36,000 $37,001-$48,000 $49,001-$60,000 $61,001-$75,000 $76,001-$99,999 $100,001+

What happens if my child does not qualify?

If the student does not meet the criteria outlined above, then the loan cannot be processed. There may still be options to pursue though.

*If the student meets all requirements except they only have one year left of high school, we would recommend submitting the application anyway because it is possible that the student could graduate early. If they do, then they should receive credit towards their loans for the remaining years of high school.

Nc Parent Assist Loan

How do I get a loan?

Parents are eligible to apply for the Nc Parent Assist Loan if they have a child who is currently enrolled in North Carolina schools and is receiving financial aid. Loans range between $500-$5000 per year depending on family’s income and need. You will receive notification of an approval or rejection within 2 weeks of submitting the application. If approved, parents may begin making payments toward their loan at any time. Payments are due monthly via direct deposit or check. Parents must make a minimum payment equal to 10% of the total loan amount each month. Interest accrues daily, and interest rates vary based on how much money the student borrows. We encourage parents to pay off their loans early to avoid additional fees!

What happens after my first payment?

After your initial payment, you should receive a statement detailing the remaining balance owed. In addition to paying your loan off early to avoid additional fees, we recommend that parents monitor their students’ account activity to ensure your student receives all of the funds listed in his/her financial aid award letter. Students should only use their financial aid award for tuition costs. Use of funds not allowed by federal regulations could result in loss of eligibility and the possibility of being denied federal assistance as well.

How do I know how much I owe?

Can I repay my loan early?

Yes! When applying for the NC Parent Assist Loan, parents must provide written documentation from the school indicating that the student is no longer attending the institution. Parents may then pay off the remainder of their loan(s) prior to the beginning of the next academic year.

Will my son’s private school be charged a fee?

No. Private schools are not required to participate in the NC Parent Assist Loan program. Parents may still choose to send their children to private schools without contributing to the Nc Parent Assist loan if they wish; however, the majority of parents choose to contribute to the loan program.

Shouldn’t the school cover the cost?

Not necessarily. Schools are not required to cover the cost of the loan and some institutions charge a fee to participate. Many families prefer to pay for the loan themselves rather than forcing their children to attend schools that don’t offer financial aid.

Do I have to pay anything else besides my loan?

Nc Parent Assist Loan

Author: Nc Parent Assist

Date: Tue, 30 Oct 2008 21:32:39 -0400

Subject: Parents loan program open for NC parents

Content-Type: text/plain; charsetISO-8859-1

Hi friends,

I am working hard at getting ready for our parent’s loans on Monday September 15th. We have been having some issues with getting enough interest from people to participate. I would love if you could take 2 minutes out of your day or evening time to fill out the application. If we don’t get enough participants we won’t be able to give any money to the families who really need it. Thanks! Thanks,


Nc Parent Assist Loan

A parent assist loan is designed to help parents pay off their student loans while their child attends school. These laws have been passed across the country to make higher education more accessible for students of lower income families. In order to receive assistance under these programs you need to meet certain requirements. There are many factors to consider when applying for financial aid including family size, number of children, tuition costs, type of institution attended, and whether the student plans to attend college full time or not. Once you have determined what kind of financial aid may be available to you and how much you might qualify for, you should apply early to get the best interest rate and terms before they run out.

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