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Science, Technology, Engineering and Math Student Loan Forgiveness Available Soon

Posted on 4/17/2012

For More Information Contact:
John R. Irby, Public Affairs Consultant
North Dakota University System
Phone: 701.328.2962
E-mail: john.irby@ndus.edu

BISMARCK, N.D. - College graduates employed in science, technology, engineering or math-related occupations in North Dakota may be eligible for student loan forgiveness. The STEM Loan Forgiveness Program forgives up to $1,500 per year for a maximum of four years.

To qualify for the program, an applicant must have:

Successfully completed an approved STEM-related program at an approved public, private or tribal college or university
Maintained at least a cumulative 2.5 grade point average based on a 4.0 grading system
Obtained a qualified student loan and must not be in default on that student loan and
Been employed in a State Board of Higher Education-approved STEM 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, no earlier than May 1, 2012, but no later than June 30, 2012. Award recipients will be notified by July 31, 2012. Applicants must apply or re-apply annually for new or continued funding.

The STEM Loan Forgiveness Program was approved by the North Dakota Legislative Assembly. The Bank of North Dakota is responsible for applying loan forgiveness payments.

Additional information is available by accessing the North Dakota University System Web site at www.ndus.edu and clicking on Students - Paying for College - North Dakota Grants & Scholarships. Applications can also be obtained by calling the NDUS Office at 701.328.2964 or by writing to 600 East Boulevard Ave., Dept. 215, Bismarck, N.D., 58505-0230.