#graduate student loans
Loans for Graduate Students
Congratulations on looking to further your education. Getting a graduate or professional degree can be a great way to get an edge in today s competitive work environment. Learn about BND’s alternative loan and federal direct loans so you can find the right student loan to help you pay for college.
BND offers an alternative loan called the Dakota Education Alternative Loan (DEAL) with local service you can count on. This loan provides additional financial support to students who are unable to obtain adequate funds through federal student aid programs.
Dakota Education Alternative Loan (DEAL)
The following federal loans are made through the William D. Ford Direct Loan Program, which is administered by the U.S. Department of Education. The federal government is your lender.
Federal Direct Stafford Subsidized Loan
- You must demonstrate financial need to be eligible, as determined by federal regulations.
- The federal government pays the interest on your behalf while you are in school at least half-time, in a six-month grace period following school, or during an authorized period of deferment.