DEAL loan would be mentioned when searching for student loan fixed interest rate. It stands for Dakota Education Alternative loan. Residents of North Dakota, South Dakota, Minnesota, Montana, Wyoming or Wyoming are eligible for this loan. Furthermore, students need to be U.S citizens and be enrolled in an accredited school. Students are also required not to be in default on any federal loans. To apply for this loan, students need to fill out the FAFSA application before the appointed deadline.