Payment options for a DEAL Student Loan

You have several options to consider when repaying your student loan. View the details of repayment plans below and use the Repayment Calculator to estimate payments. Still need help deciding? Contact BND for more information.

This plan is automatically established for you unless you request another plan.

Fixed interest rate:

  • Monthly minimum payment amount stays the same throughout the life of the loan unless to choose to pay more.
  • Monthly minimum payment amount is $50.
  • Maximum time allowed to repay loan is 10 years.

Variable interest rate:

  • Monthly minimum payment amount varies depending on the interest rate.
  • Monthly minimum payment amount is $50 regardless of the interest rate.
  • Maximum time allowed to repay loan is 10 years.

Sample loan payments

If you have a loan balance of $30,000 or more, your payment term may be extended up to 25 years.

Fixed interest rate:

  • Monthly minimum payment amount stays the same throughout the life of the loan unless to choose to pay more.
  • Monthly minimum payment amount is $50.
  • Maximum time allowed to repay loan is 25 years.

Variable interest rate:

  • Monthly minimum payment amount varies depending on the interest rate.
  • Monthly minimum payment amount is $50 regardless of the interest rate.
  • Maximum time allowed to repay loan is 25 years.

Sample loan payments

How to apply? Contact BND to request this plan.

There are different options for consolidating your student loans depending on your state of residence.

  • North Dakota residents: Refinance all of your student loans, including federal student loans, into the DEAL One Loan. You or a cosigner must meet credit criteria.
  • Non-North Dakota residents: Refinance your DEAL Student Loans and other private loans into the DEAL Consolidation Loan. You or a cosigner must meet credit criteria.