Student Loans

First Security Bank offers three types  of Federal loans for college: Stafford Loans for students, Parent PLUS Loans for parents of dependent students, and GradPLUS loans for graduate and professional students, all with some of the best borrower benefits you'll find anywhere. 

Federal Stafford Loans are available to eligible students based on financial need.  Click here for details on the two types of Federal Stafford Loans.

Federal PLUS Loans enable parents with good credit histories to borrow money to help pay for the educational expenses of undergraduate students enrolled on at least a half-time basis. Click here for details on the PLUS Loan.

GradPLUS Loans are now available to graduate and professional students needing funds for expenses not covered by other financial aid.  Click here for detais.

Why is First Security Bank my best choice?

  • When you acquire your Federal Stafford or PLUS Loan from First Security Bank, you will not only receive money-saving borrower benefits, but you will have the assurance of dealing with friendly, hometown folks who care about your needs.
  • First Security Bank provides the convenience of 15 branches, plus 22 ATM locations and special student checking accounts.  
  • When it comes time to repay your loan, take advantage of an immediate 2% interest rate reduction by having your monthly payment automatically deducted from your bank account. 

The following chart gives an example of your savings when you choose this option:

Total Loan Indebtedness Average
Interest Rate
during Repayment		 Months
in Repayment		 Savings During
Repayment Term
$2,500 7% 57 months $155
$5,000 7% 107 months $760
$10,000 7% 107 months $1,521

Note: The above benefits apply to Mississippi residents and to non-Mississippi residents attending school in Mississippi. Others may receive .25% interest rate reduction for having monthly payment automatically deducted from your bank account, plus a 2% interest rate reduction after 48 months of on-time monthly payments.
 

In addition to these money-saving benefits: 

  • You can check the status of your loan online anytime with our user-friendly LoanTracker Web-based program.

  • When you have questions about your loan, you can call us toll-free at 1-877-349-4347.

  • We offer the free services of CAPP (College Access Planning Program) to help smooth your way to college.

  • Parents can get PLUS Loan Pre-approval online.

  • Students can complete your Entrance and Exit Loan Counseling  requirements online if your school allows.  

Ready to apply? Click here to begin your easy four-step process to obtaining your student loan.

Need assistance? Call us toll-free at 1-877-349-4347.

Want to know about repayment options? Click here for tips on repaying your loan and various repayment options.