Bank of North Dakota Student Loan
Bank of North Dakota Student Loan is a state-sponsored student loan. You do not pay fees if you are a North Dakota resident or an out-of-state resident attending college in North Dakota. Fixed and variable interest rates are available.
Federal Direct Parent PLUS Loan
Federal Direct Parent PLUS Loan enables parents with good credit to borrow money for their dependent student’s education. Parents begin repaying the loan 60 days after the school receives the entire amount.
Federal Direct Stafford Subsidized Loan
Federal Direct Stafford Subsidized Loan is based on the financial needs of you and your parents. The federal government pays interest until repayment begins, as well as during approved periods of deferment.
Federal Direct Stafford Unsubsidized Loan
Federal Direct Stafford Unsubsidized Loan is not based on your financial need. You are responsible for paying interest from the time you receive the loan until it is paid off.
Grants are need-based financial aid offered by the federal or state government, college or a private foundation and are not required to be repaid.
Private student loans
Private/alternative loans can be used to cover financial needs not met through federal student aid programs. It is strongly recommended that you exhaust all federal funding options first.
Scholarships are financial aid based on academic performance, athletic skills or other criteria. Like grants, scholarships do not need to be repaid.
Work-study helps students earn money by working part-time in programs set up by the school. Many jobs are located right on campus.