Serving Montana Agriculture and growing prosperity under the Big Sky

Student Loan Assistance Program

Montana Agriculture Student Loan Assistance Program

This program was developed to encourage Montana’s college-educated youth to pursue a primary career in farming or ranching; reduce financial stress on Montana’s farm and ranch operators; and promote succession planning to preserve interest in Montana’s agricultural future. Successful applicants may receive loan assistance for up to five years for qualified education loans.

A qualified farmer or rancher is eligible for student loan assistance for up to a maximum of five years. The total amount of loan repayment assistance may not exceed 50% of the total amount of educational loans outstanding. The minimum award amount under this program is $5,000 dispersed over a five-year period. The maximum lifetime award under this program is $25,000, or the applicant’s actual eligible student loan indebtedness at the time eligibility is established, whichever is less.

An applicant must:

  • be a Montana resident;
  • have obtained an associate or baccalaureate degree from an approved Montana college or university;
  • have an outstanding balance on an eligible student loan from obtaining such degree;
  • be the primary owner, heir, successor or assignee of a farm or ranch in Montana;
  • participate in the day-to-day operations of the farm or ranch;
  • agree to operate a farm or ranch in Montana for at least five years; and
  • be in a non-default status on a student loan made under an eligible federal education loan program.

Deadlines:

  • The program will open for applications in April 2022.

Questions:

If you have any questions about eligibility or how to apply please contact Tina Bateman at (406) 444-0134

Contact

Tina Bateman
302 N Roberts
Helena, MT 59601

Phone: (406) 444-0134
E-mail: Tina.Bateman@mt.gov