Cashunclaimed.com Uncovers North Carolina Using Unclaimed Money for College Funds
North Carolina was utilizing its unclaimed money for College funds, uncovered in a recent investigation by Cashunclaimed.com. Like many other states, North Carolina is witnessing an unprecedented growth of unclaimed money which, at last count, had reached almost $700 million. The last decade has seen the swelling of unclaimed cash from $255 to $655 million. From this huge amount, only $40 million was refunded last year.
According to the State Constitution, the interest earnings on the funds go to needy and worthy North Carolina public university and community college students. North Carolina is one of those states which utilizes the unclaimed money for nurturing the future of the state by investing in scholarships and state educational programs.
The interest earned on the fund goes to the State Educational Assistance Authority (SEAA) to pay for grants, loans and scholarships for North Carolina college students attending public universities and community colleges. In 2009, the unclaimed property program assisted over 88,000 students. For more information on the available scholarships or how to apply, please visit the College Foundation of North Carolina, a free service to students to help plan, apply and pay for college.
If you or anyone you know had a personal or professional association with the state of North Carolina, then it is advised that you search the unclaimed money database and locate any unclaimed money in your name. North Carolina has taken all the steps to make the search and claim process simple for any unclaimed money or property that might be waiting to be claimed.
You can start your claim process by going to www.nccash.com to search the online database of unclaimed property. On this site, you will find a claim form which you can print, or call (919) 508-1000 to request a claim form. Once you have the printed form, sign it. If the amount is greater than $50, you must have your signature notarized.
Attach the requested proof of ownership and mail it to the Unclaimed Property address on the bottom of the claim form. The Department of State Treasurer also provides a staffed booth at conferences, fairs and meetings. Approximately $2.5 million is typically distributed per month to the rightful owners.
