FARGO, N.D. (KVRR) – Both current college students and graduates alike are scrambling to figure out to do regarding their student loans, with major changes coming to the federal loan repayment system. Various repayment plans are being terminated – like the SAVE plan, which will end in July. The SAVE plan was an income-based repayment plan which capped payments at…
MOORHEAD — Homeowners in Moorhead are now able to apply for a home improvement loan program. The low interest loans are available through Gate City Bank. The money can be used to fix code and structural issues, improve energy efficiency or for general property improvements. Applicants must be the owner and occupant of the house as well as meet credit…
FARGO, N.D. (KVRR) — Residents in parts of the city of Fargo who are looking to renovate and improve their properties may have a chance to receive funding to do so. “We know it’s a lot of work to keep an aging house modern and keep the maintenance going. So it’s just a way to offer an incentive instead of…
BISMARCK, N.D. — Gov. Doug Burgum says North Dakota Smart Restart will only happen if testing numbers remain low. The state currently has the 2nd lowest total positive rate in the U.S. at 3.4%. He says equipment has been added allowing more testing and says there are plenty of supplies for people to get tested. “The steps we have taken…
FARGO, N.D. — From complete closures to adjusting distribution methods, small business owners in North Dakota have had to deal with a new way of life. “There is 73,000 small businesses in North Dakota. There’s 30 million small businesses across the country. All of them have been impacted by this coronavirus,” says Small Business Administration District Director Al Haut. As…
FARGO, N.D. — For some producers, financial support from the Farm Service Agency (FSA) is essential towards keeping their farms afloat. “They need those funds if they’re going to farm this next year and if you’re delaying processing of loans all the way into May or June or July, creditors are sitting on the sidelines maybe not wanting to take a…
FARGO, N.D. — Gate City Bank is providing financial support for several government employees affected by the shutdown. They are offering a BetterLife Personal Loan, which has zero percent interest and covers the duration of the shutdown. The bank is also helping customers extend loan payments and provide financial piece of mind to those government employees missing a paycheck. They say…
BISMARCK, N.D. — Part of North Dakota’s oil tax savings account could be used to make low-interest loans to communities facing big and expensive infrastructure projects. Backers of the Republican drafted legislation want to use up to 15 percent of the Legacy Fund’s principal every two years for projects such as flood protection and water systems. Two Minot lawmakers are…
NATIONAL — Are you wondering what to get the millennial in your life for Christmas? Consider picking up the tab of one of their student loan payments. A new survey by the Student Loan Report states nearly 70 percent of borrowers want a loan payment this holiday season instead of that high-tech gadget or gift card. In another survey,…
NORTH DAKOTA — The state-owned Bank of North Dakota is getting out of the federal student loan business. The bank had been making federally guaranteed student loans for nearly half a century when the U.S. Department of Education took over the program in 2010. After that, the bank continued to service the federal loans it already had issued. The…
