Consolidating non direct student loans
The Loan Final Disclosure is the last step in the loan process and is your final opportunity to cancel your loan without any penalty.Click here for an example of a Loan Final Disclosure.
The interest rate is the rate of interest you will pay on the loan for borrowing the funds.Cosigner release To be released as the cosigner from a loan, each of the following requirements must be met: Borrower Application and Promissory Note (PDF) Fixed Rate Loan Application Disclosure (PDF) Variable Rate Loan Application Disclosure (PDF) Borrower Financial Statement Information (PDF) Borrower Federal Student Loan Benefits Waiver (PDF) Borrower Authorization for Release of Student Loan Information (PDF) Cosigner Credit Application and Promissory Note (PDF) Cosigner Financial Statement Information (PDF) Automatic Payment Withdrawal (PDF) Apply online by clicking “Apply now” below.Click “Login\Create Account” then “Apply Online” on the left side of the screen.If you want the loan, no further action is required on your part.BND will distribute your loan to your other lenders as soon as the required waiting period has passed.Log in to your online account and view your application status. It will state “Credit Approved” or “Credit Denied, Need Credit Worthy Cosigner.” If you are still unsure about the status of your loan, please email BND or call 701.328.5660 and we would be happy to assist you.
Cosigning a loan is an action that should never be taken lightly, as it can have very serious implications for your credit history.
This may decrease your monthly payment or you can choose to make higher monthly payments and save money by paying the loan off more quickly.
A fixed interest rate is set on a specific date and remains the same until the loan is paid in full.
As the cosigner, the cosigned loan will appear on your credit report and can directly affect your credit as a debt owed.
Ideally, the person you cosign for is reliable, never late and never misses a payment.
The APR reflects not only the interest rate but also the fees or other charges that you have to pay to get the loan.