The Bank of North Dakota, owned by the state, is one of the largest providers of attractive student loans, including low interest, long term, and consolidation loan options.

Have you been looking for a way to finance your education in North Dakota but keep coming up short of your goal? If you take the time to look, there are several lucrative options for North Dakota student loans that can be obtained in a reasonably low cost fashion. The Bank of North Dakota, owned by the state, is one of the largest providers of attractive student loans, including low interest, long term, and consolidation loan options.

In addition to sanctioning the state application of FFELP loans, the bank also offers students in need of financial assistance services such a college planning tools, interest rate calculators, and information on tax benefits that can be found in a financial aid package. The number one benefit of the Bank of North Dakota, however, is its provision of auxiliary funding that exceeds the allowance of federal funding that doesn't cover the thousands of dollars each student must provide to finance their higher education.

Using tax exempt bond monies to offer private loans through the state, the Bank of North Dakota can pass on these tax savings to consumers and offer low-interest student loans. The program used by the bank is called DEALs � Dakota Education Alternative Loans � and offers a variety of options for students who need help in paying for their college tuition. The basic DEAL program aims at helping students who are going to attend college at least part time to pay for their college fees, either as an undergraduate or graduate student seeking a degree. The Medical DEAL loans are configured to entice students to seek a degree in the growing healthcare industry, offering larger loans with long-term payoff options to cover the cost of these in-depth, long-term college programs.

There is a special loan program through the Bank of North Dakota for students who plan to enroll in a truck driving training program. The Driver Education Student Loan is configured to help students pay for technical college to learn to drive a truck. The loan is credit-based, incurs a lower interest rate, and has a much shorter repayment time frame than a standard loan, as it is usually awarded in a much smaller sum.