NORTHSTAR EDUCATION FINANCE INC
Programs
Student Loan Management Program
MANAGE PORTFOLIO OF OUTSTANDING FFELP (APPROX. 94%) AND PRIVATE (APPROX. 6%) STUDENT LOANS WITH OUTSTANDING BALANCES TOTALING APPROX. $901 MILLION AS OF 9/30/2023. TO THE BEST OF THE KNOWLEDGE AND BELIEF OF THE ORGANIZATION'S OFFICERS, THE BENEFITS AND INTEREST RATES THAT IT HAS PROVIDED TO STUDENT BORROWERS ARE SUBSTANTIALLY MORE FAVORABLE TO STUDENT BORROWERS THAN THE BENEFITS AND INTEREST RATES PROVIDED BY FOR-PROFIT LENDERS. DURING FISCAL YEARS 2023 AND 2022, RESPECTIVELY, THE ORGANIZATION MADE T.H.E. REPAYMENT BONUS DISTRIBUTIONS (INTEREST REBATES WHICH ARE PROCESSED AS CREDITS TO ELIGIBLE BORROWER ACCOUNTS) OF APPROXIMATELY $181 THOUSAND AND $4.2 MILLION, RESPECTIVELY.GeographiesNot indicatedDatesOct 1, 2022 – Sep 30, 2023Source990No causes providedNo populations provided–$67.1MPost-Secondary Education Grants
PROVIDE GRANTS TO OTHER ORGANIZATIONS TO ENHANCE POST-SECONDARY EDUCATION OPPORTUNITIES FOR MINNESOTA STUDENTS BY RELIEVING SOME OF THEIR FINANCIAL BURDEN THROUGH SCHOLARSHIPS AND/OR ASSISTANCE WITH THEIR POST-SECONDARY READINESS PREPARATION.GeographiesNot indicatedDatesOct 1, 2022 – Sep 30, 2023Source990No causes providedNo populations provided–$4.7M
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