Includes whereas clauses. Titles the act as the “Student Loan Forgiveness and Talent Retention Study Act.”

Defines eligible borrower as an individual who obtained a postsecondary credential from a public institution of higher education (a constituent institution of the University of North Carolina or a community college in the State). Defines eligible student loan debt as federal student loans incurred by an eligible borrower to attend a public institution of higher education (excludes private loans, loans issued to an eligible borrower’s parents, and loans to attend a private or out-of-state institution).

Directs the State Education Assistance Authority (SEAA) to study the feasibility of establishing a Student Loan Forgiveness and Talent Retention Program for eligible student loan debt, in consultation with the UNC Board of Governors, the State Board of Community Colleges, the Department of Commerce and any other relevant stakeholders. Requires the study to evaluate possible structures and necessary costs to encourage eligible borrowers to remain in North Carolina. Lists seven categories for evaluation. Directs SEAA to report results to the Joint Legislative Education Oversight Committee and make a recommendation as to whether a Program should be established by the General Assembly.

Appropriates $150,000 in nonrecurring funds for 2026-27 from the General Fund to the UNC Board of Governors to be allocated to SEAA to conduct this study and provide this report. Specifies that funds shall not revert at the end of the 2026-27 fiscal year and shall remain available until October 1, 2027.

Effective July 1, 2026.