STUDENT LOANS

Student loan forgiveness website launches in test mode

WASHINGTON (FOX NEWS/AP) – Applications for federal student loan relief are live on the government’s student aid website — sort of. The government has launched a beta version of the student loan forgiveness application to get ready for its official launch later this month. The U.S. Education Department said the application forms will be on and off on the site until the formal launch….

Biden’s student loan forgiveness doesn’t go towards Bank of ND loans

BISMARCK, N.D. (KVRR) – Those who received student loans from the Bank of North Dakota aren’t eligible for President Biden’s loan forgiveness plan. It eliminates $10,000 for those who got loans issued by the U.S. Department of Education or $20,000 to people getting pell grants. It applies to those who make $125,000 a year or less or couples who make…

Update: Cramer says Biden plan to erase student loan debt is a “stunt”

WASHINGTON – President Biden has announced his long-awaited plan to deliver on his campaign promise to provide $10,000 in student debt cancellation for millions of Americans – and up to $10,000 more for those with the greatest financial need. Biden announced in a Wednesday tweet that borrowers who earn less than $125,000 a year, or families earning less than $250,000,…

You Can Defer Student Loans For 6 Months At Bank of North Dakota

The interest rate for variable rate borrowers is also decreasing April 1

BISMARCK, N.D. — Good news for people who have student loans through the Bank of North Dakota. You can defer your payments for six months due to the coronavirus pandemic. “As you know we’re fortunate to be the only state in America that has its own bank,” said Gov. Doug Burgum. “And one of the things that that bank does…

Bank of North Dakota Selling Federal Student Loans to Texas Company

After that, the bank continued to service the federal loans it already had issued

  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…