Student Loans
College does not have to be an overwhelming financial problem. BancorpSouth offers affordable student loans to residents of Mississippi attending colleges or universities in-state, and out-of-state, and to out-of-state students who attend a Mississippi college or university. 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.
FOR FASTER PROCESSING: Click here to sign your MPN electronically!
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
- 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.
Click here for a PLUS Pre-Approval
Other Links
FOR SCHOOLS ONLY! Online Plus Loan Certification
Applying for Financial Aid can be confusing. To aid you in this process, we have provided a list of frequently asked questions and an outline of our process.
As with any loan, you must consider repayment. Follow the link for an overview of repayment and your obligations as a parent or student borrower.
In reviewing this information, you may have other questions. Please feel free to contact us.
For more information on student loans from other sources, follow our links. You can complete your FAFSA online, perform FREE searches for scholarships, receive help with college planning, and more.
