Now you can pay for college the smart way with great repayment options! Together we can do this.
Farmers & Merchants
Bank & Trust's Smart Option Student Loan® by Sallie Mae®
is an ideal solution to help bridge the gap between federal loans and the cost of your education expenses.
To learn more or to apply,click here to get started.(opens in a new browser window)
The Smart Option Student Loan features and benefits:
* New interest rate type for Academic Year 2012-2013.
We now offer competitive fixed interest rates in addition to our low
variable interest rates providing even more choice and flexibility.
* 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 Application. Our easy-to-complete application takes about 15 minutes. It's quick and easy.
* 24/7 online account management
* No prepayment penalty
To learn more or to apply, click here to get started.(opens in a new browser window)
*We are compensated for the referral of Smart Option Student Loan customers.
Updated 06/15/12 - 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
Last updated/reviewed April 30, 2010"
You may also want to visit the Federal Student Aid Gateway which has been incorporated into the Federal Student Aid website. Please click Federal Student Aid for more information.
Please Note: Farmers & Merchants Bank & Trust no longer offers student loans.
Farmers & Merchants Bank & Trust does, however, offer scholarships.
Please click Education News & Resources for more information.
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.
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."