Bank of North Dakota makes about 70 percent of the student loans in its home state, but if the Obama Administration has its way, the $3.5 billion-asset bank would be out of the origination business by this time next year.

The bank is not going down without a fight, however. Bank of North Dakota, the only state-owned bank in the country, has been working closely with its congressional delegation to find a way to remain in a business it entered more than 40 years ago, when it made the first government-guaranteed loan in the country.

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