Loan Repayment

Student Loan Repayment

It is the policy of the CNMI Scholarship Office (CSO) that all eligible applicants enter into a work service obligation repayment of all financial assistance received unless detailed in his/her Memorandum of Agreement (MOA) or contract.  Failure to comply within time specified constitutes breach of the MOA and requires the Debtor to pay the entire financial assistance received. 

With the approval of the Administrator, the recipient may sign a payment agreement agreeing to payoff the loan within six months period not to exceed 72 monthly payments based on the following table:


Total Debt for Repayment 12 Months 24 Months 36 Months 48 Months 60 Months 72 Months
$1,000-$4,999   $84-$417   $42-$209   $28-$139   $21-$104    $17-$84    $14-$70  
$5,000-$9,999   $417-$834   $209-$417   $139-$278   $104-$209    $84-$167    $70-$139  
$10,000-$14,999   $834-$1,250   $417-$625   $278-$417   $209-$313    $167-$250    $139-$209  
$15,000-$19,999   $1,250-$1,667   $625-$834   $417-$556   $313-$417    $250-$334    $209-$278  
$20,000-$24,999   $1,667-$2,084   $834-$1,042   $556-$694   $417-$521    $334-$417    $278-$348  
$25,000-$29,999   $2,084-$2,500   $1,042-$1,250   $694-$834   $521-$625    $417-$500    $348-$417  
$30,000-$34,999   $2,500-$2,917   $1,250-$1,459   $834-$973   $625-$730    $500-$584    $417-$487  
$35,000-$40,000   $2,917-$3,334   $1,459-$1,667   $973-$1,111   $730-$834    $584-$667    $487-$556  

A student who enters into a payment agreement and fails to make payments for a period of Ninety days will be in default and the account will be up for collection.

Where to make payments

A personal check may be made payable to CNMI Treasurer and paid at our office in Capitol Hill or mailed to:

CNMI Scholarship Office, P.O. Box 5729 CHRB, Saipan, MP 96950

Check, cash, or credit card payments may be made at any CNMI Treasury Branch to Account 10004-7175 at the following locations:

  1. Treasury Branch, Capitol Hill Saipan
  2. Treasury Branch, Rota
  3. Treasury Branch, Tinian

To ensure payment is properly posted to the rightful account, kindly include your social security number to cashier when making payment.  Copies of receipts must be provided to the Scholarship Office to ensure timely and proper posting to your account.  For more information regarding repayment on your student loan, kindly contact our Compliance, Repayment, and Collection Section or e-mail our Compliance Officer.

For concerns or questions, please contact our Compliance and Repayment Officer, we are here to help you.  Being proactive and communicating with our office is key.

Jovene R. Ogo
Compliance and Repayment Officer
CNMI Scholarship Office
P.O. Box 5729 CHRB
Saipan, MP  96950
(670) 664-4752 or for direct assistance.