STUDENT LOANS

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…