CARS (sponsored by the Automobile Dealers Association of ND) & PLOW (sponsored by the ND Implement Dealers Association) are both available for students who graduate from an appropriate technical program, and who become employed by an automobile dealer who participates with one of these programs.
The information below applies to both the CARS & the PLOW programs:
- Student meets with a participating dealer to discuss potential job opportunities.
- Dealer discusses with the student the type of education that would be most appropriate for the position being sought by the student.
- Student enrolls in school and begins an appropriate course of study. The student is responsible for acquiring adequate funding.
- Upon graduation the student can apply for employment with participating dealerships. if the student is hired by a participating dealership, the student may be entitled to participate in the CARS or PLOW student loan repayment programs. At the end of the first full year of full-time employment, the dealership will make a $1,500 payment to the financial institution holding the student'l loan. As long as the student continues to work for the dealership, this process will continue for nine additional years. However at the end of years 6-10, the student loan payment will increase to $2500 per year. This adds up to $20,000 in payment!
www.ndida.com/plow
www.adand.com/cars
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