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Supporting Education for North Carolina Students​

The North Carolina State Education Assistance Authority (SEAA) is an agency of the State of North Carolina and is authorized by the General Assembly to administer post-secondary education programs of student financial assistance created under Federal or State law.

North Carolina General Statute 116B-7 provides that the interest earnings from the Escheat Fund, minus administrative expenses, be deposited with the SEAA. The law further provides that this money will be utilized to provide grants and low interest loans to worthy and needy North Carolina students in State-supported schools of higher education.

In July 2011, interest earnings in the amount of $9,832,734.48 was deposited with the SEAA for this purpose. In 2011, the unclaimed property program assisted over 88,000 North Carolina students in State-supported schools of higher education.