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Press Releases
Record student loan volume milestones were reached in January 2002, reported
Eric Hardmeyer, President, Bank of North Dakota (BND). Student Loans of
North Dakota (SLND), a division of BND, reached student loan volume milestones
with the state guaranteed Dakota Education Alternative Loan (DEAL) program
exceeding $10 million for the first time in the program's history; in addition
to the combined Federal Family Education Loan Program portfolio of BND
and North Dakota Student Loan Trust, student loan volume surpassed $500
million.
"This milestone represents the awareness our students have for the importance of furthering their education. We have implemented cutting-edge technology to bring BND to the forefront of financial aid services," Hardmeyer commented.
Julie Kubisiak, Director of Student Loans of North Dakota stated, "Student
Loans of North Dakota and Bank of North Dakota have been dedicated to providing
loan programs to help students finance their education. As a result of
this, BND/SLND has helped more than 55,000 borrowers achieve their dreams
of a higher education."
BND, the nation's only state-owned bank, was established in 1919 to encourage and promote agriculture, commerce and industry in North Dakota. The nation's first federally insured student loan was made by BND in 1967. SLND is administered by BND and offers a variety of loan programs to help students and parents finance a college education.
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