Student Loans

If you're college bound and worried about the cost, First Farmers & Merchants Bank may have the student loan program that is just right for you:

Subsidized Federal Stafford Loans
Full time and half-time college students who can show sufficient economic need can qualify for this program at low interest rates.

Repayment of principal is deferred until six months following graduation or failure to maintain at least half-time status. Interest that accrues while in-school, during the grace period and during authorized deferment is paid by the U.S. Department of Education.

Unsubsidized Federal Stafford Loans
These loans are available for those who do not qualify, in whole or in part, for the Subsidized Federal Stafford Loan.

Repayment terms are the same as for Subsidized Federal Stafford Loans, except that the borrower and not the Department of Education pays the interest that accrues while in school, during the grace period and during authorized deferment.

Apply for a Stafford loan on-line

Federal PLUS Loans
In addition to the Federal Stafford Loans, these loans are available to parents of full-time / half-time undergraduates at low interest rates. Interest and principal payments begin 30 to 60 days after the disbursement of funds.

Apply for a PLUS loan on-line

First Farmers & Merchants Bank does not participate in the Federal Consolidation Loan Program

Contact Student Loans:

For more information and help with your applications, e-mail studentloans@fandmbank.com or call:

• Donna Gandee
  (931) 380-8261
  800-882-8378
• EdFinancial Services
  800-337-6884