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At
Community Bank it is our aim to help you find the government loan
programs that will best help you pursue your educational goals.
Visit with your school's financial aid office to determine which
loans you qualify for. Then stop and see us. We have the forms available
for these loans:
FEDERAL STAFFORD
LOANS
This loan is the major form of self-help for students seeking to
fund their education. These loans can come from your local bank
if your college participates in the Federal Family Education Loan Program (FFELP) or directly from the federal government if your college participates in the William D. Ford Direct Loan Program (Direct Loans). Repayment
for this type of loan usually begins about 6 months after graduation.
Our Lender Number for students attending any FFELP College in the country is 817676.
SUBSIDIZED
STAFFORD - The federal government
pays the interest on this loan while you are in college.
UNSUBSIDIZED
STAFFORD - The student is responsible
for paying the interest due on this loan while in college. You
do have the option, however, of capitalizing the interest while
in school.
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FEDERAL PLUS
LOANS
Federal Plus loans are a self-help loan for parents to help pay
for their child's college expenses. Repayment begins 60 days
after the loan is disbursed. You can request forbearance to postpone principal and interest while the student is attending at least half-time.This loan can also be
obtained from your local bank or directly from the federal government
to your child's school. Our Lender Number for parents of students attending any FFELP College in the country is 817676.
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PARTNERSHIP
LOANS
The Iowa Student Loan Liquidity Corporation (ISLLC) offers the Partnership and Parent Partnership Loan Programs. These programs were designed to help
students and families who don't qualify for adequate amounts of
state and federal aid. Funds from this type of loan may be used
for any qualifying education expense such as tuition, room, board,
books, or a computer.
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Call or contact
us for more information or an application for any
of the student loan products listed here.
FOR MORE
INFORMATION, CHECK OUT THESE WEBSITES:
IOWA
STUDENT LOAN LIQUIDITY CORPORATION
COLLEGE
PLANNING CENTER
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