Student Loans

• Need a Break?
• Confused on the steps to get you started? This may help:
• Eligibility Requirements
• These People Can Help

Need a Break?

Memorize these numbers...804082

When Houghton State Bank partnered with Iowa Student Loan Liquidity Corporation, it did it for you! Because as a student you need as many breaks as you can get. If you're attending college, in Iowa or another state, and your school participates in the Federal Family Education Loan Program (FFELP) we can save you money. All you need to do is memorize 6 numbers......804082.

By entering both 804082 as the lender code, and Houghton State Bank as the lender on your Federal Stafford Loan application, Iowa Student Loan borrower benefits can save you hundreds of dollars.  Call us for specific details 712-623-4823.

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Confused on the steps to get you started? This may help:

1. Complete the FAFSA Form. These are available at your High School or college. Also, you can fill out the FAFSA Express by going to http://www.FAFSA.ed.gov.
2. Apply for Financial Aid at the prospective colleges of your choice.
3. Receive your Student Aid Report (SAR). This form will tell you how much financial aid you are eligible for.
4. Sign the award letter for the college you wish to attend and return the award letter to the college.  You will receive Student Aid Award Letters from the colleges you listed on the FAFSA form.  These letters will tell you how much Aid you are eligible to receive.
5. Apply for any extra money you need to come up with in the following order:

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Eligibility Requirements

You Must:

1. Be a United States Citizen.
2. Have a high school diploma or a GED or have passed a test similar to that approved by the U.S Department of Education.
3. Be enrolled at least half time in an accredited institution.
4. Register for Selective Service if required by law.
5. Have a valid Social Security Number.
6. Qualify for financial aid by completing the FAFSA and providing the required tax & financial information.
   

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These People Can Help

High School Guidance Counselor
The College Financial Aid Office
Your Parents
Houghton State Bank

Iowa Student Loan
http://www.studentloan.org
More specific information on student loans

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