Bancorp South Student Loans

College does not have to be an overwhelming financial problem. Affordable student loans to help both students and their families are now available at BancorpSouth. Follow the links to determine the right loan for you.

Federal Stafford loans are the most common source of education loan funds.  They are available to both undergraduate and graduate students.  There are two types of Federal Stafford loans:

• Subsidized (need-based) - The federal government pays the interest on these loans while the student is in-school, in-grace and during authorized deferment periods.
• Unsubsidized (non-need based) The borrower is responsible for the interest on these loans as soon as the loan is initially disbursed.

Your school will notify you of the amount of subsidized and unsubsidized Federal Stafford loans you are eligible to receive for this and subsequent academic periods. You may decline the loan or request a lower amount by contacting your school

Federal PLUS loans are federally insured loans for which borrowers may receive the full cost of education minus other forms of student financial aid received by the student. The lender is required to perform a credit check on each applicant to determine credit worthiness.

• Parent PLUS Loan: eligible borrowers include natural parents, adoptive parents, or a spouse of a remarried parent of a dependent undergraduate student. Repayment begins within 60 days of the final disbursement
  
  
• NEW!-Graduate PLUS Loan: eligible borrowers are Graduate/Professional students. If you are denied due to adverse credit, you may still be approved by obtaining a credit worthy endorser. This endorser must also complete the PLUS Pre-approval form below.

Phone: 800-315-6203
http://www.bancorpsouthonline.com/site/personal_lending_student.html

MADISON ST. BRANCH
603 Madison Street
Huntsville, AL 35801