Print

Payment options for BND Student Loans

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.

Standard

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.
  • Maximum time allowed to repay loan is 10 years.

Variable interest rate:

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

Sample loan payment plan

Extended

If you have a total student 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.
  • Maximum time allowed to repay loan is 25 years.

Variable interest rate:

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

Sample loan payment plan

How to apply? Contact BND to request this plan.

Loan Consolidation/Refinance

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.