Our South Dakota credit union Student Loans earn high marks

Black Hills Federal Credit Union believes in the value of higher education, and we provide private Student Loans to our members who are U.S. citizens or permanent residents and are pursuing a degree in an eligible school. Once you've tapped out your federal resources, turn to BHFCU to continue your journey.

Focus on the books and leave the financing to us

  • Borrow between $2,000 and $120,000 per year (max $120,000 in undergraduate loans and $160,000 in graduate loans)
  • Variable rates from 2.99% to 9.89% APR*
  • Use for tuition, books, room and board, and other qualified expenses
  • Choose interest-only payments or a nominal $25 payment while in school
  • No origination fee for all student borrowers
  • Rate reductions available for good grades
  • Quick decisions following your application
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*APR = Annual Percentage Rate. Rates and terms based on credit criteria and are all subject to change. Assuming a $10,000 loan amount, a 3.39% APR, and a 10-year term, you would make 54 (48 months in school + 6 month grace period) monthly payments of $25 while enrolled in school followed by 120 monthly payments of $102.41 to repay this loan. If the APR is 9.11% and the loan amount remains $10,000 you would make 54 monthly payments of $25 while you are enrolled in school followed by 120 monthly payments of $172.33 to repay this loan. This loan has a variable interest rate that is based on a publicly available index, the 3-MONTH LIBOR, as published in The Wall Street Journal. Your rate may change each month and will be calculated by adding the 3-MONTH LIBOR to a margin between 3.24% and 9.24%. Rates and terms based on credit criteria and are all subject to change. The lower rate displayed in the rate range above assumes a 0.25% rate reduction upon borrower enrolling in automatic payments. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is cancelled, any increase will take the form of higher payments.

Receive complimentary Accidental Death & Dismemberment insurance to enhance your life insurance policy.

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