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FSB & Student Loans

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The Partnership Advance Education Loan®

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College Family Loan

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The Reset Loan®

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Helpful Tips

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FSB & Your Student Loans

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Farmers State Bank works with Iowa Student Loan® to offer supplemental private student loans to help you pay for college.1

Iowa Student Loan was established in 1979 as a private, nonprofit corporation, and its mission is to help Iowa students and families obtain the resources necessary to succeed in post-secondary education.

Iowa Student Loan and FSB’s local, friendly lenders are here to help you get where you need to go!

STUDENTS: The Partnership Advance Education Loan® (Partnership Loan):

  • Provides terms and conditions upfront, so you know what you’re getting before you apply
  • Features variable and fixed interest rates
  • Allows you to begin making principal and interest payments, make interest-only payments, or defer payments while you attend school
  • Offers benefits such as an interest rate reduction and cosigner release 

PARENTS: College Family Loan

  • Provides terms and conditions upfront so you know what you're getting before you apply
  • Use funds to help with your student's college costs
  • Three repayment options 
  • Competitive fixed interest rates


  • Refinance or combine existing student loans into one new loan. It’s helpful if you have student loans with higher interest rates or are making payments to a number of different servicers.
  • Competitive fixed interest rates
  • Three different repayment terms
  • An interest rate reduction benefit

Learn More and Apply 

Helpful Tips:

  1. Complete the FAFSA® first
    The first step in applying for financial aid, which includes federal student loans, is completing the Free Application for Federal Student Aid (FAFSA). The FAFSA is a free form provided by the U.S. Department of Education that may be completed without professional assistance via paper application or online at In your award letter from your college, the financial aid office will inform you of your eligibility for federal student loans.
  2. Work with your college financial aid office
    Contact the financial aid professionals at your college or university to explore and exhaust all sources of student financial aid before seeking a private student loan. Accepting a private loan before using other types of available aid may decrease your eligibility for federal, state and institutional aid.

1Farmers State Bank is compensated by Iowa Student Loan for the referral of Partnership Loan customers.


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