Title 15 — Education
120 chapters · 633 sections in this title.
N.D.C.C. § 15-62.1-01 Guarantee student loan programs - Administration - Advisory board
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The Bank of North Dakota, hereinafter called the "agency", is the state agency designated to administer state guarantee loan programs, as provided in this chapter. The advisory board of directors to the Bank of North Dakota shall act in an advisory capacity concerning the program…
N.D.C.C. § 15-62.1-02 Powers and duties of the agency
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The agency has the following powers and duties under this chapter: 1. To guarantee all loans that satisfy the requirements set forth in title IV, part B, of the Higher Education Act of 1965 [20 U.S.C. 1001 et seq.; Pub. L. 89-329; 79 Stat. 1236; Pub. L. 99-498; 100 Stat. 1353; Pu…
N.D.C.C. § 15-62.1-03 Rates of interest permissible for guaranteed loans
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All loans guaranteed by the agency and coinsured by the federal government must bear interest at rates which are no greater than those provided under the federally coinsured loan programs. In the event that the agency guarantees student loans without federal coinsurance pursuant …
N.D.C.C. § 15-62.1-04 Repayment of loans
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The agency shall establish rules for the repayment, or deferment of repayment, of loans guaranteed under this chapter which are coinsured by the federal government consistent with the Higher Education Act of 1965, as amended. The agency shall adopt rules for the repayment, or def…
N.D.C.C. § 15-62.1-06 Procedure on default of guaranteed loan
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Whenever it appears to the satisfaction of the agency that a guaranteed loan made in accordance with the provisions of this chapter is in default, and the eligible lender has certified such fact to the agency, the agency shall reimburse the eligible lender making the loan from th…
N.D.C.C. § 15-62.1-07 Fees for insurance and other reasonable costs
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The agency may charge reasonable fees for guarantee and insurance to students obtaining or who have obtained loans under this chapter. The agency may charge up to eighteen percent of accumulated principal and interest if the loans are in default under section 15-62.1-06. The fees…
N.D.C.C. § 15-62.1-09 Information system
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The eligible postsecondary educational institutions in the state shall furnish to the agency and other lending institutions such information as may be necessary to properly administer the guarantee loan program and the agency shall furnish information in regard to student loan tr…
N.D.C.C. § 15-62.1-10 Eligibility for participation in federal student loan program
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Repealed by S.L. 2019, ch. 82, § 5.
N.D.C.C. § 15-62.1-11 Coordination with federal programs relating to student loans
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Repealed by S.L. 1979, ch. 267, § 6.
N.D.C.C. § 15-62.1-12 Assistance to other state agencies - Reports to the board
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Repealed by S.L. 1979, ch. 267, § 6. 15-62.1-13. State scholarship revolving fund - Student loan collections - Uncollectible loans. The funds in the state scholarship revolving fund, along with the available interest on such moneys and subsequent payments of interest and principa…
N.D.C.C. § 15-62.1-14 Penalty
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Repealed by S.L. 1975, ch. 106, § 673.
N.D.C.C. § 15-62.1-15 Student loan consolidation program - Requirements - Authority to expand
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1. The agency shall develop and administer a student loan consolidation program under which the agency may refinance state, federal, and alternative education loans for eligible physicians. In order to be eligible under this subsection, a physician must: a. Be licensed in accorda…