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| Gabriel J. Brown Trust - 112 Avenue E West - Bismarck, ND 58501 - Email: lundberg1@bis.midco.net |
The Gabriel J. Brown Trust is a non profit private foundation making educational loans to North Dakota students in financial need.
Gabriel J. Brown, a Bismarck resident, died on April 9, 1968, leaving the bulk of his estate in a perpetual trust, the income to be used to make loans to residents of North Dakota in need of financial assistance to attend a college or university, such loans to be repaid with interest at the rate of 5%. The applicant must meet the following qualifications to be eligible for a student loan:
Eligible students may obtain loan applications from the registrar or student loan officer of Bismarck State College, Medcenter One College of Nursing or any four year college or university in North Dakota, or by writing to: Susan Lundberg, Trustee
Gabriel J. Brown Trust 112 Ave. E West Bismarck, N.D. 58501 Email: lundberg1@bis.midco.net The loan recipient, along with a co-signer, will be asked to sign a promissory note providing for repayment in monthly installments commencing one year after the student graduates or discontinues his or her education, with interest at the rate of 5% per annum beginning immediately. There is no origination or other fee. Loan funds are dispensed about September 1st. Loan applications will be judged on the basis of the need for financial assistance by a committee of three members. Deadline is usually June 1st but depending upon available funds, applications may be accepted at other times of the year. Please make personal contact with request after this date. |
| Gabriel J. Brown Trust - 112 Avenue E West - Bismarck, ND 58501 - Email: lundberg1@bis.midco.net |