Technology Occupations Student Loan Forgiveness Now Available
BISMARCK, N.D. - College graduates employed in technology-related occupations in North Dakota may be eligible for student loan forgiveness through a program coordinated by the North Dakota University System and the Bank of North Dakota.
The program provides loan forgiveness of up to $1,000 per year for a maximum of three years. To qualify for loan forgiveness, an applicant must have:
Graduated from a college approved by the State Board of Higher Education (including public and private colleges and universities)
Successfully completed an SBHE-approved, technology-related program
Maintained at least a cumulative 2.5 grade point average based on a 4.0 grading system
Obtained a student loan from the Bank of North Dakota or other participating lender and must not be in default on that student loan and Been employed in an SBHE-approved technology occupation in North Dakota for at least one year following graduation.
Applicants who meet these qualifications will be considered based on the date their applications are received in the North Dakota University System Office, but no later than June 30, 2006. Award recipients will be notified by July 31, 2006. Applicants must apply or re-apply annually for new or continued funding.
The Technology Occupations Student Loan Forgiveness Program was introduced by Gov. Hoeven and approved by the 2001 Legislative Assembly. The Bank of North Dakota is responsible for applying loan forgiveness payments.
More information is available by calling Peggy Wipf, NDUS director of financial aid and federal relations, at 701.328.4114 or by accessing the North Dakota University System Web site at www.ndus.nodak.edu and clicking on Student and Parent Information/Financial Aid.