Student Loans

Make getting your Student Loan a Happier Experience.

Happy State Bank Lender Code: #810864.

Happy State Bank is dedicated to giving prompt, personal service to all our customers.  We have a Student Loan Department that is eager to assist you in your financial needs for college.  We will be happy to walk you through the process.

How To apply for a Federal Stafford Loan:

• Complete the Free Application for Federal Student Aid (FAFSA) online @ www.fafsa.ed.gov.
  
• Contact the financial aid office at the school you plan to attend to get a financial aid packet
• Complete all the forms and return them according to the instructions.
• You will receive an award letter telling you what type of financial aid you have been awarded.
• In some cases, you will receive a Stafford and/or Parent Loan (PLUS) application.  If not, obtain the desired application form from the college.  (This procedure depends on the college you choose, so check with the financial aid office).
• On the loan application or any other form that requests lender information, write HAPPY STATE BANK, P.O. Box 839, Canyon, Texas 79015 and our lender code, #810864.

Educational Loans for Students & Parents

• Federal Family Education Loan Program (FFELP)
  
• Federal Stafford Subsidized - The government pays the interest while in school.  Payments start after you are out of school for six months or drop below half-time enrollment.  You may pay interest or principal at anytime without forcing the loan into repayment.
  
• Federal Stafford Unsubsidized - The student is responsible for the interest.  Payments start after you are out of school for six months or drop below half-time enrollment.  You may pay interest or principal at anytime without forcing the loan into repayment.
  
• Federal PLUS (parent) Loans - For parent or guardian of eligible student.  Payments start within 60 days of the final disbursement or when the student drops below half-time enrollment, maximum repayment term is ten years.

To access the local Panhandle Plains Student Loan Center website for more information concerning student loans or to access your student loan account, click or visit the URL listed below.

http://www.ppslc.com

How can I get the best interest rate?

Interest rates are pre-determined and are regulated by the federal government.  Once you have borrowed from a Panhandle Plains lender you can take advantage of the following interest rate incentives:  With the Easy 1® program you can save up to 2% off your interest rate.

After 36 months of on-time payments you will receive a 1.75% interest rate reduction.  In addition, enjoy a .25% interest rate reduction when you pay with an automatic draft from your checking or savings account. (Conditions subject to change without notice.)

Click HERE for FREE Student checking!