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Bank of Tipton Educational Funding

1998 Mini-Grants

Federal Subsidized Stafford Loan

Federal Stafford Loans are low-interest loans for students enrolled at least half-time as an undergraduate/professional student in an eligible institution. They are available to those who qualify based on need or income. "Subsidized" means that the federal government will pay all interest on your loan until you begin repayment which starts automatically six months after you graduate or cease to be enrolled at least half-time.

Federal Unsubsidized Stafford Loan

Unlike the Federal Subsidized Stafford Loan, Unsubsidized Stafford Loans are not based on need or income. Students and families of all income levels have access to federal guaranteed funds for college. Loans limits and interest rates are the same as the Subsidized Stafford Loan: however, you are responsible for all interest from the day the loan is made. edsouth will capitalize the accrued interest (add it to principal) when repayment begins. This saves you hundreds of dollars because you will not be repaying "interest on interest" while in school.

Federal PLUS Loan

Federal PLUS Loans (Parent Loan for Undergraduate Students) are also for your education if you are enrolled at least half-time at an eligible institution, but the loan is made to your parents. Eligibility is not based on need or income, but parents must not have an adverse credit history. A parent may borrow up to the cost of education less any other financial aid awarded with repayment beginning within 60 days of loan disbursement.


Student loans are not grants.
Never borrow more money than absolutely necessary.

Stop by and pick up an application at the Bank of Tipton or send us an e-mail message and we will mail one to you.

Local Colleges and Universities

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