The South Dakota Board of Regents is a clearinghouse of information and resources all related to going to college in the state.
You’ll find a few general types of student loan programs available, but the first step in any wise college planning strategy is to apply for the federal loans, first. Why? They are affordable and government guaranteed. There is a loan for everyone. And most other types of loan programs require you to have applied for federal loans. If you’re a South Dakota student you should apply for federal loans.
The federal loan application is the FAFSA, or Free Application for Federal Student Aid. The Board of Regents provides a link to the online application. If you miss the deadline you are out of luck for the year, so make it a goal on your calendar or college to-do list.
The federal loan program includes the following loans:
Educate yourself on the private student loan biz. There is a right way and a wrong way to tackle the missing financial aid problem.
Right way: apply for all the federal loans you can. If your award fails to cover your costs consider applying for any scholarships and grants for which you may qualify. Then and only then find a reputable lender with a proven track record and affordable, transparent private student loans.
For more information on SD student loans visit the South Dakota Board of Regents website.