Technology Occupations Student Loan Forgiveness Program for North Dakota Residents

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Technology Occupations Student Loan Forgiveness Program
March 12, 2009

The intent of the Technology Occupation Student Loan Program is to reduce student loan indebtedness for individuals who have graduated in a technology related field and been employed in a technology occupation in North Dakota for one year.

The number of funded applicants is limited and contingent upon legislative appropriations; therefore, not all qualified applicants are assured funding. All qualified applicants for this Program will be considered in priority order as defined in Section 3 in the procedure located in the attached pdf. Please note that applications for this program will not be accepted prior to May 1.

The Bank of North Dakota will be responsible for applying loan forgiveness payments for funded recipients by July 30th of each year. The North Dakota University System Office will notify all funded recipients of their award by July 30th of each year; no notice will be sent to applicants not funded.

Funding recipients are eligible to receive up to $1,000 per year in continued loan forgiveness for each year they are employed in an approved technology occupation in North Dakota, subject to a maximum of $3,000. Individuals must apply or re-apply annually for new or continued funding.