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Stafford Subsidized Loans
A low-interest, government guaranteed loan!
- Federal government pays all interest while student is enrolled
and attending school on at least a half-time basis
- Student borrower is not required to make loan payments until
six months after he/she graduates or drops below half-time
enrollment status
- Maximum possible loan amounts (annual limits)*:
Freshman --$2,625
Sophomore --$3,500
Junior & Senior --$5,500
Graduate Student --$8,500
- The interest rate may vary from year to year but is capped over
the life of the loan at 8.25%
*The federal government determines how much a student is eligible to borrow.
For additional information, visit the North Texas Higher Education website at www.nthea.com
  
Stafford Unsubsidized Loans
A low-interest, government guaranteed loan!
- Student borrower is responsible for all accrued interest
while they were in school
- Student borrower is not required to make loan payments until
six months after he/she graduates or drops below half-time
enrollment status
- Maximum possible loan amounts (annual limits)*:
Freshman --$4,000
Sophomore --$4,000
Junior & Senior --$5,000
Graduate Student --$10,000
- The interest rate may vary from year to year but is capped over
the life of the loan at 8.25%
*The federal government determines how much a student is eligible to borrow.
For additional information, visit the North Texas Higher Education website at www.nthea.com
Federal Parent PLUS Loan
Helps parents of dependent undergraduate students meet the cost of their child’s education.
- PLUS loans are credit-based (parent’s creditworthiness
based on federal criteria set forth in Unified Student Loan Policy)
- No annual loan limits (parents can borrow up to the
total cost of education minus any other financial aid received)
- Repayment begins once the loan is fully disbursed
- Interest rate may vary from year to year but is capped over the
life of the loan at 9.00%
For additional information, visit the North Texas Higher Education website at www.nthea.com
How to Apply for a Student Loan
Recent studies show that four years of tuition and living expenses at a public college could cost over $40,000 and more than $75,000 at a private institution. Studies also show that a college graduate can expect to earn a salary 1.76 times greater than an individual whose education ended with high school. Higher education really does pay off.
- Complete and submit a Free Application for Federal Student Aid (FAFSA)
which is available online at www.fafsa.ed.gov or at First National Bank
- If not applying online, submit a completed application to the higher education
schools of your choice
- Be sure to include First National Bank lender ID #833652 on your application
- Recipient schools will help determine a student’s eligibility for various types
of financial aid available through their institution including:
- Federal and state grants
- Work study
- Institutional aid
- Low interest rate student loans
The FAFSA application process may take several weeks, so submit your application as soon as possible.
For additional information, visit the North Texas Higher Education website at www.nthea.com
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