Student Loans

Student Loans
College Loan Benefits
Applying for Loans
Choosing a Lender
Compare Loans
Borrowing Amount

Government Loans

Federal Loans
Government Loans
Stafford Loans
Perkins Loans
Federal Direct Loans
Low Interest Loans
Fed Loan Distribution
State Student Loans


Parent PLUS Loans
Graduate PLUS Loans
Home Equity

Bad Credit

Bad Credit
Fast Loans
No Credit Check Loans
No Co-signer Loans

Major Lenders

Loan Organizations
Private Student Loans
ACS Student Loans
Sallie Mae
Signature Loans


Loan Companies
Bank of America
Bank One
Wells Fargo

Loan Consolidation

Loan Consolidation
Consolidation Benefits
Consolidation for Graduate Students
Loan Repayment
Repayment Options
Loan Grace Period
Student Loan Discounts
Loan Cancellation

Student Loan Precautions

Loan Forgiveness
Defaulted Loans
Getting Out of Default
Loan Deferment
Loan Forbearance

Explore College Financial Aid Programs Offered by South Dakota

Are Private Loans Hard to Come By?

The South Dakota Board of Regents is a clearinghouse of information and resources all related to going to college in the state.

The Federal Loan Program

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.

south dakota student 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:

  • Stafford Loans are the most popular and are widely distributed. More students carry Stafford Loans than any other student loan. In order to meet the needs of all borrowers, two versions of the loan—a need-based and non-need-based—were created.
  • Parent PLUS Loans offer low-cost financial alternatives to cash-strapped parents with undergraduate children to put through college. These loans may be used once federal loans are disbursed.
  • Grad PLUS Loans are designed to shore up ailing grad student budgets once their Stafford Loan borrowing maximums have been reached. If you’re a South Dakota grad student this is the next best bet for affordable government aid. Borrow with a co-signor if necessary.

When Federal Loans Don’t Cover the Cost: Private SD 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.

  • Only borrow what you need to cover your education costs.
  • Try to pay for extras like computer and textbooks with out of pocket cash.
  • Avoid loans with penalties for early repayment.
  • Ask about hidden fees.
  • Know what your final cost of the loan will be.

For more information on SD student loans visit the South Dakota Board of Regents website.