An official website of the State of North Dakota
Refinancing your student loans may be good decision for you. Some borrowers choose to decrease the amount of their monthly payments while others pay the same amount every month and repay the loan more quickly. If you are a North Dakota resident, you may apply to refinance all your eligible student loans, including federal student loans, with Bank of North Dakota.
As of April 1, 2024, BND discontinued the DEAL Consolidation option for out-of-state residents.
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studentloans@nd.gov
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Apply to Refinance your Loan
You may apply to refinance your eligible student loans into a DEAL One Loan if you have been a resident of North Dakota for at least six months and are not currently enrolled in school. Click here to apply to refinance your loan.
DEAL One Loan
The DEAL One Loan allows North Dakota residents to refinance eligible student loans from one or more lenders into one new loan with one monthly payment. Federal student loans may be included when you refinance with the DEAL One. Click here to learn more about the DEAL One Program.
Information for Cosigners
The DEAL One Loan is credit based meaning that if the borrower does not meet the credit criteria, they need a creditworthy cosigner. The cosigner pledges to pay back the loan if the borrower does not. Click here for information about cosigning a DEAL One Student Loan.
DEAL One Student Loan Calculator
The DEAL One Student Loan Calculator helps you estimate how much you may pay monthly and over the life of the loan if you were to refinance your student loans with BND. Click here to use the DEAL One Student Loan Calculator.