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If
you or someone you know is looking for higher education
opportunities, we offer a variety of student loans designed to
meet your specific needs. We offer Stafford, Partnership, and
PLUS Loans. We're
here to help you decide which student loan fits your needs! Stop
by any Midstates Bank location and pick-up an application or
talk to one of our Personal Bankers today.
Federal
Stafford Loan
Federal Stafford or Federal Direct Stafford loans are the most
common type of loan. This
loan comes in two varieties:
subsidized and unsubsidized.
The
Subsidized Stafford Loan is awarded based on financial need. The
federal government pays the interest while you are in college.
The Unsubsidized
Stafford Loan is not based on financial need.
You are responsible for the payment of the interest while you
are attending college. You do, however, have the option of
paying this interest during the in-school period or adding it to
the principal amount of your loan.
Partnership
Loan
The Partnership Loan Program is an education funding opportunity
that is a partnership between participating schools, students,
and the Iowa Student Loan Liquidity Corporation (ISLLC). The
Partnership Loan Program was designed to provide low-interest
loans to students and families who don't qualify for adequate
amounts of state and federal student aid.
The Federal PLUS Loan
Federal PLUS loans or Federal Direct PLUS loans are available to
qualifying parents of dependent undergraduate students.
These low-interest, government-issued loans are not based
on financial need. Repayment begins 60 days after the loan is fully
disbursed and is usually based on a ten-year repayment schedule.
Funding comes from local lending institutions or from the
federal government, depending on the college.
Parent
Partnership Loan
An alternative to the Federal PLUS loan is the Parent
Partnership Loan. This loan offers several benefits and wider
repayment options to parents who wish to be the sole borrowers
for the remaining cost of education. Parents have the option of
choosing either a fixed or variable rate loan.
For more information on student loans, call us or visit
www.studentloan.com
Council Bluffs 712-388-0505
or 712-352-0076
Harlan 712-755-2126
Missouri Valley 712-642-2761
Avoca 712-343-6341
Mondamin 712-646-2421 |
Congratulations Graduates!
