| |
Overview
Borrowing money for yourself or your business can be a challenging
undertaking. It's important to know that the people you'll be dealing with
will be knowledgeable, understanding and cooperative. Also, if something
unforeseen comes up, our Bank will work with you to get through those times
when maybe you need a little time to get back on your feet.
|
|
Consumer
Loans
Our Bank offers a wide variety of consumer loans for vehicles, student loans,
recreational purposes, and personal loans.
|
|
Real
Estate Loans
Our Loan Department specializes in real estate lending. We offer a range of
real estate loans that includes residential, vacation and commercial real
estate loans.
|
|
Home Equity Loans
Home Equity loans can be a source of funds for many reasons; college tuition,
home improvements, debt consolidation, and many other purposes. Ask us to
provide you with an overview of how a Home Equity Loan can help you manage
your finances.
|
|
Commercial
Loans
We offer financing for small businesses that includes real estate loans,
equipment loans, and operating lines of credit. Call us to discuss how we can
help your small business meet its growing financing needs.
|
|
Student
Loans
What is Apple River State Banks lender code or lender ID?
Apple River State Bank’s lender code is 831825-0256.
What is the first step I should take in applying for financial aid?
First time students will need to complete the Free Application for Federal
Student Aid (FAFSA). This application will determine your eligibility for
loans, grants and work study.
What do I need if I’m interested in using Apple River State Bank as my
lender?
If you are interested in using Apple River State Bank as your lender, you
will need to use the Apple River State Bank lender code of 831825-0256.
This code will go on the FAFSA form.
What are the current annual Stafford loan limits?
|
Annual maximums for Stafford Subsidized and Unsubsidized Loans for
2006-07 by grade level are: |
| Dependent
Freshman |
$2,625 |
|
| Dependent
Sophomore |
$3,500 |
|
| Dependent
Junior/Senior |
$5,500 |
|
| Independent
Freshman |
$6,625 |
(maximum $2625
subsidized) |
| Independent
Sophomore |
$7,500
|
(maximum $3500
subsidized) |
| Independent
Junior/Senior |
$10,500
|
(maximum $5500
subsidized) |
|
Graduate/Professional* |
$18,500
|
(maximum $8500
subsidized) |
| Medical
|
$38,500
|
(maximum $8500
subsidized) |
|
|
|
|
*The annual maximum for graduate students in selected clinical
psychology majors may be increased to $31,000 with a maximum of $8500
subsidized loan, depending upon financial need and cost of attendance. |
|
| Annual
maximums for Stafford Subsidized and Unsubsidized Loans for 2007-08
by grade level are: |
| Dependent Freshman
|
$3,500 |
|
| Dependent Sophomore
|
$4,500 |
|
| Dependent Junior/Senior
|
$5,500 |
|
| Independent Freshman |
$7,500 |
(maximum $3500 subsidized) |
| Independent Sophomore
|
$8,500 |
(maximum $4500 subsidized) |
| Independent Junior/Senior
|
$10,500 |
(maximum $5500 subsidized) |
| Graduate/Professional*
|
$20,500 |
(maximum $8500 subsidized) |
| Medical |
$40,500 |
(maximum $8500 subsidized) |
| |
|
|
| *The
annual maximum for graduate students in selected clinical psychology
majors may be increased to $31,000 with a maximum of $8500 subsidized
loan, depending upon financial need and cost of attendance. |
|
