Bank of north dakota consolidating student loans
Your loan funds will automatically be sent to your school as soon as the required waiting period has passed.Smart Money Tip You must begin repaying your loan six months after you graduate, leave college or start attending less than half-time.The cosigner will need to create an account and select the “Cosign a Loan” option.To start the cosigner application, they will need to input the student’s last name, student’s date of birth and the cosigner token.A fixed interest rate is set on a specific date and remains the same until your loan is paid in full.A variable interest rate can change based on changes to an “index.” See BND’s fixed and variable interest rate options here.Consider signing up for monthly or quarterly automatic payments while you are in college.
If you are a new customer, you will need to create an account before starting the application. If a cosigner is needed, they will need this token to start their cosigner application.APPLY NOW Generally, there is a ,000 maximum loan limit for undergraduate students and a ,000 maximum loan limit for graduate students. You may not borrow more than your school certifies you will need.*The APR calculation assumes a loan of ,000, two disbursements 120 days apart, a fixed interest rate of 4.74% or a variable interest rate of 3.93%, a loan fee BND pays for you and a 10-year repayment term.Smart Money Tip BND: Once BND has received the completed school certification from your school, BND will send you a Loan Approval Disclosure and a Borrower Self Certification.Borrower: The Loan Approval Disclosure and Borrower Self Certification are time sensitive and need to be signed and returned before the last date of acceptance listed on the documents.