Stafford Loan Limits:
PLUS Loans have no loan limit. Parents can borrower up to the total cost of education minus any other financial aid received.

The interest rate on subsidized Stafford loans first disbursed on or after July 1, 2008 is fixed at 6.0%. The interest rate on unsubsidized Stafford loans first disbursed on or after July 1, 2006 is fixed at 6.8%.  The interest rate on a Stafford loans first disbursed between July 1, 2005 and June 30, 2006 is variable and may change on July 1 of each year but currently will not exceed 8.25%.

The interest rate on a PLUS loan first disbursed on or after July 1, 2006 is fixed at 8.5%. The interest rate on a PLUS loan first disbursed between July 1, 2005 and June 30, 2006 is variable and is set at 7.94%. The interest may change annually on July 1 but will never exceed 9%.

Student loans have a deferral option built into each program which differs from program to program. Below is a brief description of the repayment process for the most common types of student loans. Programs can change, so please contact a TexasBank student loan representative at (800) 281-3889 for the most up to date information.

Stafford loans - The subsidized and non-subsidized Stafford loan repayment is deferred until six months post graduation date or six months after completing at least half-time enrollment status, which ever comes first. Extended deferment is available to qualifying students.

PLUS loans - PLUS loans are categorized into two types of loans, Parent PLUS and Grad-PLUS. Parent PLUS loans are deferred for 30 days post disbursement date. Extended deferment is available to qualifying borrowers. Grad-PLUS loans repayment is deferred until six months post graduation date or six months after completing at least half-time enrollment status, which ever comes first.

TexasBank partners with North Texas Higher Education Authority (NTHEA) to help in processing and servicing your student loans. Once your student loan is processed and funds are disbursed, the loan will be serviced in the state of Texas by Higher Education Servicing Corp (HESC), and NTHEA company. For more information on the TexasBank-NTHEA partnership, please call (800) 281-3889 and ask to speak to a Student Loan representative.

Your Expected Family Contribution (EFC) is the total amount that you and your parents will contribute towards your educational expenses. Each college has a different "Cost of Attendance", which includes tuition, housing, books and supplies, transportation and other person expenses. The difference of your EFC and the "Cost of Attendance" is your Gross Financial Need or the financial aid you're eligible for. Your EFC is calculated with the information you provide when completing the Free Application for Federal Student Aid (FAFSA) form. Once the FAFSA is completed, a "Student Aid Report" is sent to your selected college.

To apply for Financial Aid loans, the student must meet all of the following eligibility requirements:

• Be a U.S. Citizen or registered non-citizen
• Attend an eligible postsecondary institution as defined
• Be enrolled at least half time in a career vocational-technical program or an associate, baccalaureate, or graduate degree program
• Be, or plan to be, a student, in academic good standing as defined by the institution you attend, during the loan period
• Not have a status at the time of application for a loan, or disbursement of the funds, that would prevent you from repaying the loan as it becomes due
• Not have a credit history that demonstrates chronic inability or unwillingness to pay an extension of credit (For PLUS Loans)
• Within the preceding five years not have had a student loan written off for any reason except for discharge in bankruptcy.

*All loans subject to approval, including credit approval.

The Financial Aid "Award" letter is written notification of the Student Loan programs, scholarships, grants, work study programs, or other financial aid you qualify for. Award letters are sent to you, for all financial aid you qualify for, after the FAFSA form has been submitted and processed.

Financial aid is divided into different categories ranging from Federal Student Aid Programs to Alternative Student Loan Programs. As as Student Loan lender, TexasBank can help provide the resources for the student loan programs you qualify for. Below is a list of different Federal and Alternative financial aid programs available to students and/or parents. Programs can change, so please contact a TexasBank student loan representative at (800) 281-3889 for the most up to date information.

• Stafford loans
• PLUS loans
• Federal Pell Grants
• Federal Supplemental Educational Opportunity Grants
• The Academic Compositeness Grant
• The National Smart Grant
• Institutional Grants
• Scholarships

All loans subject to approval, including credit approval.

Learn more about additional aid resources at:

• US Dept. of Education
• FAFSA on the web
• Texas Guaranteed Student Loans

The college financial aid office and your local library can help provide additional resources and information pertaining to financial aid.

As a lending partner with North Texas Higher Education Authority, Inc., Texas Bank offers students and parents the ability to save a lot of money. Below is a summary of TexasBank's "Rate Reduction Benefits Program" for all Federal Stafford and Parent/Grad PLUS loans originated through TexasBank.
Lender Code: 821016

The Repayment Savings Program is as Easy as
1-2-3:

1. Coordinate your student loan arrangements with your college's financial aid office and select TexasBank as your student loan lender using - Lender Code: 821016.
2. Once in loan repayment, sign up for the auto debit feature and receive an immediate .25% interest rate discount.¹

Keep your student loans in Texas, By selecting TexasBank – Lender Code: 821016 as your resource for student loans!