Man with a hearing aidAre you in need of hearing aids, but are finding the cost a bit out of reach? Have you tried to get a loan for hearing aids and found the interest rate to be in the teens? If you live in North Dakota, we may have a solution for you and just in time for May is Better Speech and Hearing Month!!

ND Assistive has a 2% fixed interest rate,  guaranteed,  Assistive Technology Financial Loan (ATFL) program to help you get the assistive technology you need, which includes hearing aids.

WHAT DOES THE ATFL OFFER?

  • Guaranteed Financial Loans at a 2% fixed interest rate* to make it easier for people with disabilities to get the AT they need
  • Flexible loan repayment terms to make what may seem out of reach financially affordable
  • Individual consideration if there is a poor credit history
  • Loans up to a maximum of $50,000

WHO IS ELIGIBLE?

  • The end user of the financed equipment must be a North Dakota resident with a disability
  • The loan applicant can be the end user, a family member, or an approved representative of a person with a disability
  • The person applying for the loan on behalf of the end user may live anywhere in the United States
  • The loan applicant must demonstrate the ability to repay the loan

WHAT CAN BE PURCHASED?

  • All types of assistive technology such as
    • Speech output communication devices
    • Hearing aids and assistive listening devices
    • Low vision devices such as electronic magnifiers
    • Computers/tablets with disability-related software and/or hardware
    • Manual or motorized wheelchairs and scooters
    • Adapted vehicles
    • Home modifications such as walk-in showers and ramps (must own the home)
    • Environmental control systems such as Smart Home Devices
  • AT Assessments
  • Training to use the purchased AT
  • Used AT devices, as long as they are in good working order
  • Co-Payments for assistive technology and durable medical equipment

HOW DO I APPLY FOR A LOAN?

 

*This interest rate is based on availability and is subject to change.

About Author

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Jeannie Krull is the Program Director for ND Assistive (formerly IPAT). She is an ASHA certified speech/language pathologist and a RESNA certified Assistive Technology Professional, who has worked with people with disabilities of all ages since 1991.