Student Loans
Updated
12/23/11
Now you can pay for
college the smart way with great repayment options!
Together we can do this.
The Farmers & Merchants
Bank & Trust Smart Option Student Loan® by Sallie Mae®
is an ideal solution to help Bridge that gap
between federal loans and the cost of your education expenses
To learn more or to apply, please... click here to get started.(opens in a new browser window)
The Smart Option Student Loan features and benefits:
* Competitive Interest Rates
* Borrow up to 100% of school certified education costs (minimum $1,000)
* Multiple in-school repayment options available
* Borrower benefits available - like rewards and interest rate reductions
* Rates that reward creditworthy borrowers
* Applying with a creditworthy cosigner may help you qualify and/or
receive a lower rate
* Fast Online Applicat6ion. Our easy-to-complete application takes about
20 minutes. It's quick and easy.
* 24/7 online account management
* No prepayment penalty.
To learn more or to apply, please... click here to get started.(opens in a new browser window)
____________________________________________________________________
Updated 05/19/10 - The following is offered for information only. Links will open in a new browser window.
Federal Student Aid on The Web - "Update
on Student Loan Programs"
"As a result of the Health Care and Education Reconciliation Act,
beginning July 1, 2010, federal student loans will no longer be made by
private lenders under the Federal Family Education Loan (FFEL
SM) Program
SM. Instead, all new federal student loans will come
directly from the U.S. Department of Education under the Direct Loan
Program SM
Students who have previously received a federal student loan from a
private lender under the FFEL Program will need to complete a new
promissory note to receive loans under the Direct Loan Program. Please
check with the financial aid office at your school for specific
instructions.
If you’re a student attending an institution located outside of the United
States, your school is now able to participate in the Direct Loan Program.
Please check with the financial aid representative at your school for
specific instructions on how to obtain a Direct Loan for your next term.
This change does not impact the process of applying for federal grants,
loans and work-study or the amount of federal aid that students are
eligible to receive. Students interested in receiving federal student aid
should continue to complete a Free Application for Federal Student Aid
(FAFSASM) for each school year that they wish to be considered for aid. If
you have any questions about applying for federal student aid, please
contact
1-800-4-FED-AID.
Last updated/reviewed April 30, 2010"
You may also want to visit: Federal Student Aid Gateway
Please Note: The Farmers & Merchants Bank & Trust no longer offers student loans.
The Farmers & Merchants Bank & Trust does, however, offer scholarships.
Please click Education News & Resources for more information.
"Part of
our mission is to be a good corporate citizen," said F&M Bank & Trust
President Thomas Maxwell.
"We accomplish this primarily by emphasizing our support for youth
activities and education."
As such, we are a proud sponsor/supporter of:
Hi-Q, Scholarships, Bankers Promoting Financial
Literacy (BPFL) formerly PEP, Teach Children to Save, Newspapers in
Education, Bank Tours, Mini
Business World, Opportunity Expo, Life Skills - Game of Life, Job Shadow,
The Chamber's
Education & Business Partnership
