M&T Bank suspended its participation in the FFEL Program for the 2008-09 academic year and will not process or originate Federal Student Stafford Loans, Parent PLUS loans or GradPLUS loans. Details about the Federal Loan programs are provided for information purposes only.
M&T Bank strongly encourages you to work with your college financial aid office to take advantage of all of your federal and state financial aid options prior to applying for alternative funding.
Subsidized Stafford Loan - a low interest, federal loan for students demonstrating financial need. Principal and interest repayments do not begin until after the student graduates, leaves school or drops below half-time status. The current fixed interest rate is 6.80%*.
Unsubsidized Stafford Loan - a low interest, federal loan for almost every student. Interest repayments are paid by the borrower while in school or the interest will be capitalized. The current fixed interest rate is 6.80%*.
GradPLUS Loan - a low interest, federal loan for Graduate students.
