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Bank of North Dakota reports steady use of dual‑credit scholarship for low‑income high‑school students
Summary
Bank of North Dakota staff told legislators the bank's dual‑credit assistance program has supported about 2,400 students over five years and spent roughly $1.76 million, with most recipients using the award as seniors to cover tuition, fees and books.
Bank of North Dakota officials briefed the Interim Education Committee on the bank’s dual‑credit assistance program, which the bank said is intended to reduce the cost of college courses for low‑income high‑school students in the state.
Jennifer Bickel, education market manager at the Bank of North Dakota, told the committee the program began with federal grant funding and after that initial funding ended the bank continued the program using fees earned through student‑loan guarantor activity and other bank fee income. “Bank of North Dakota will cover the cost of up to two courses per year for that student,” Bickel said, describing eligibility criteria and how the bank works with school…
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