North Dakota University System
TwitterFacebook
A-Z Index
Access. Innovation. Excellence.
Colleges & Universities Academics & Activities State Board of Higher Education North Dakota University System News Reports & Information
Students
Policymakers
Business & Industry
Employees
Media
Home
Employees
Printer Friendly Page You are here
NDUS Home  |  Employees  |  Policies and Procedures  |  NDUS Procedures


NDUS Procedures



 << return 

SUBJECT: 500s: Student affairs EFFECTIVE: December 6, 2017
Section: 508.1.1 STEM Occupations Student Loan Program

The intent of this program is to encourage students to pursue studies in Science, Technology, Engineering and Mathematics (STEM) related fields and to remain in the state following graduation. The program will reduce the balance on a qualifying student loan for individuals who have graduated in an approved STEM related field, have been employed in an approved STEM occupation in North Dakota for one year following college graduation, and who meet program requirements.

Program funding is limited to legislative appropriations and therefore, all qualified applicants are not assured funding. Recipients are eligible to receive loan forgiveness up to the maximum award set in N.D.C.C. 15-10-37, or a lesser amount determined by proration of available funds, per application period. Applicants must apply annually for funding consideration.

Section 1 - Qualifications

To qualify for the STEM Occupations Student Loan Program, an applicant must have:
  1. Graduated from a board-approved college;

  2. Successfully completed a board-approved STEM-related program of study;

  3. Maintained a cumulative 2.5 grade point average (GPA) or higher, based on a 4.0 grading system, at a board-approved college;

  4. A qualifying student loan and not be in default on that loan;

  5. Been employed fulltime in North Dakota in a board-approved STEM occupation for twelve months following graduation beginning at least by July first of the previous year. Qualifying teachers must hold a full-time teaching contract of at least nine months in a Department of Public Instruction approved public or private primary or secondary school in North Dakota. The eligible employment must have occurred within the past twenty-four months.

  6. An annual salary or equivalent hourly wage of $60,000 or less.

Section 2 - Terms and Definitions
  1. Application period means the first day applications are accepted each year, which is no earlier than May first, and continuing through the last date noted on the application..

  2. Board-approved college means a postsecondary institution recognized by the U.S. Department of Education and accredited by regional, national, professional or specialized accrediting bodies

  3. Board-approved STEM related program of study means programs of study that qualify for the STEM Occupations Student Loan Program. STEM classification involves cross-referencing the national STEM databases. A program within the STEM CIP family code must be offered at an institution within North Dakota to be considered. STEM degrees not listed on the current year's application will not be eligible for consideration until the next application cycle.

    Applicants who have received funding under this program for a CIP code that has been removed in subsequent years will be grandfathered only if the applicant was funded in the most recently completed application period. Applicants graduating from comparable programs, based on CIP code, in other states are eligible when all other program requirements are met.

  4. Cumulative grade point average (GPA) means grade point average from all grades achieved by a student at graduation using a 4.0 grading scale. GPA scores will not be rounded up.

  5. Default means default as defined in applicable federal student aid laws or regulations or other applicable regulations, as determined by the loan holder.

  6. STEM-related CIP Code means the Classification of Instructional Programs of degree codes.

  7. STEM-related SOC Code means the Department of Labor Standard Occupational Classification system used to classify workers of occupational categories.

  8. Student Loan means Federal Family Education Loan (FFEL) subsidized, unsubsidized, or consolidated loans, Dakota Education Alternative Loan (DEAL) obtained through the Bank of North Dakota, William D. Ford Federal Direct subsidized, unsubsidized, or consolidated loans, and Federal Perkins Loans.

Section 3 - STEM Occupations Student Loan Program Procedures

  1. Applications will be accepted for the current application period as indicated on the application, but no earlier than May first of each year. A completed application must be received in the North Dakota University System office no later than midnight of the final day of the application period.

    If not previously funded under the program, a copy of the final college transcript showing the date of graduation, cumulative GPA and the degree earned is required. An unofficial transcript is acceptable. Additionally, a certification of employment and salary by the personnel director, CEO or other company official who is authorized to certify employment for the applicant is required.

  2. An application will not be considered complete until all of the required information has been received by the NDUS. The date the application is complete will be used for eligibility and funding consideration.

  3. Applicants qualifying under the STEM Occupations Student Loan Program may not qualify for loan forgiveness under any other state provision in the same application year.

  4. All completed applications received by the last day of the application period each year will be considered for funding. If funding is not sufficient to fund all eligible applicants, a funding priority may be applied:
    1. First priority will be given to applicants who were previously funded under the program and who have continuing eligibility.
    2. Second priority will be given to applicants who have not been previously funded under the program but who meet the qualifications.
    3. Funding shall be allocated based on date of receipt by the NDUS on completed applications.


Reference: SBHE Policy - 508.1  

Reference: N.D.C.C. 15-10-37

History:
Chancellor's Cabinet, November 14, 2001
Editorial changes made January 15, 2002
Editorial changes made March 13, 2002
Chancellor's Cabinet reviewed suggested changes, listserv message sent October 21, 2002. Amendments reviewed and approved by Chancellor, October 25, 2002
Chancellor's Cabinet, September 2003
Chancellor's Cabinet, November 3, 2004
Chancellor's Cabinet, August 18, 2005
Chancellor's Cabinet, January 11, 2007
Chancellor's Cabinet, February 14, 2008
Chancellor's Cabinet, March 19, 2008
Chancellor's Cabinet, March 12, 2009
Chancellor's Cabinet, February 3, 2010
Chancellor's Cabinet, February 16, 2011
Chancellor's Cabinet, February 8, 2012
Chancellor Approved, February 11, 2013
Interim Chancellor Approved, March 26, 2014
Interim Chancellor Approved, April 9, 2015
Interim Chancellor Approved, May 19, 2015
Chancellor's Cabinet, April 13, 2016
Chancellor's Cabinet, October 12, 2016
Chancellor's Cabinet, March 15, 2017
Chancellor's Cabinet, December 6, 2017



Bismarck State CollegeDakota College at BottineauDickinson State UniversityLake Region State CollegeMayville State UniversityMinot State UniversityNorth Dakota State College of ScienceNorth Dakota State UniversityUniversity of North DakotaValley City State UniversityWilliston State College
Contact Us  |   Privacy Policy  |   Disclaimer  |   Accessibility  |   Security Policy