Student Loans

Updated 06/26/13

The Farmers & Merchants Bank & Trust's Smart Option Student Loan® by Sallie Mae®
for borrowers attending degree-granting institutions.

Now you can pay for college the smart way with three great repayment options and competitive interest rates!

The loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans.

To learn more or to apply,please get started here.

The Smart Option Student Loan features and benefits:

To learn more or to apply,please get started here.

*We are compensated for the referral of Smart Option Student Loan customers.

The Smart Option Student Loan by Sallie Mae


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.


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