Student Loans

Be confident with your student loan decisions.

Bank of North Dakota (BND) wants you to Be Confident when you make decisions about paying for education beyond high school. After savings, grants and scholarships, BND recommends you take federal Direct Subsidized and Unsubsidized Student Loans before any others. They offer more benefits and repayment options.

If those aren’t enough, it’s important to compare the costs of a loan before you commit. BND Student Loans may be the best option for you. Loan funds can be used at eligible schools nationwide or to pay for high school dual credit courses.

Click here to learn more about loans and how to compare them or here to understand the vocabulary you will be seeing during the application process.

BND Student Loans Offer:

  • • Competitive fixed or variable rate options that do not vary based on your credit score or income.*
  • • Friendly, local service.
  • • No loan fees for North Dakota residents and out-of-state residents attending a college in North Dakota.

* Interest rates are posted at and may change quarterly.

Steps to apply for financial aid.

If you have questions anywhere along the process, check into our chat feature or call us between 8 a.m. – 5 p.m. CT.

1. Complete the Free Application for Federal Student Aid (FAFSA): Borrower responsibility

2. Receive an offer of financial aid from the schools you list on the FAFSA: School responsibility

3. Accept school-awarded financial aid including federal student loans: Borrower responsibility

4. Apply for a BND Student Loan if there are still gaps in your financing. A cosigner may be needed: Borrower responsibility

5. Loan configuration: Borrower and cosigner (if applicable) receive email from BND to select a fixed or variable interest rate: BND and borrower/cosigner responsibility

6. Loan documentation: Borrower and cosigner (if applicable) sign documents sent in an email from BND: BND and borrower/cosigner responsibility

7. School certification request: BND and school responsibility

8. Loan final disclosure: Borrower must sign disclosure with option to review it and reduce receipt period days: Borrower responsibility

9. Funds sent to borrower’s school: BND responsibility

Have questions? Connect with us Monday through Friday from 8 a.m. to 5 p.m. CT.
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BND has written and video resources to assist with your student loan decisions.