M&T Bank : Financing Your Education
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@College Solutions. All the help you need for the next big step.Daughter graduated from College.

Financing Your Education
With the rising costs of higher education, paying for college can be expensive and challenging. Many families need some form of financial support to pay college expenses. If you need assistance in developing a financial plan, M&T Bank is here to help you understand the various options available.

We encourage students and families to work with their respective college Financial Aid Office as they are the best source of information on all available federal and state financial aid sources (including grants, loans and other forms of financial aid) for which students may qualify.

Federal Aid
Most of the Financial Aid programs available to students require completion of the "Free Application for Federal Student Aid," commonly known as FAFSA. You can complete this form online at www.fafsa.ed.gov.

  • Federal Student Loans - The majority of educational loans are provided by the U.S. Department of Education. Through the Federal Direct Student Loan Program (FDSLP), eligible applicants are entitled to low-interest loans including Stafford, PLUS (for parents and for graduate students) and Consolidation Loans. Perkins Loans – which are made with government funds but offered through a school’s financial aid office – are also available to students with exceptional financial needs. Additional information on these loans can be found at www.studentloans.gov. Please note that M&T does not accept or process applications for FDSLP loans.
  • Work-Study Programs - A common component of financial aid packages, work-study programs provide students with the opportunity to offset college expenses and gain valuable work experience through school or government-sponsored programs. Additional information on federal work-study, as well as federal opportunity grants, can be found at studentaid.ed.gov.

Alternative Financing
After completing the FAFSA process, if you find that there is still a need for additional college financing, M&T Bank offers several financing options to help you.

  • Smart Option Student Loan®*- The Smart Option Student Loan® provided by Sallie Mae® is an ideal solution to help bridge the gap between federal loans and the cost of your education expenses. To learn more or to apply, please get started here.
  • M&T Bank CHOICEquity Account - With an M&T CHOICEquity account, you’ll get an affordable home equity solution that offers you the flexibility to choose how and when you use it, a great rate and outstanding service. Learn more about M&T CHOICEquity.

*M&T Bank does not take applications for Sallie Mae Smart Option Student Loans®, which are made by Sallie Mae Bank.  M&T Bank is compensated for the referral of Sallie Mae Smart Option Student Loan® customers.

Sallie Mae, Smart Option Student Loan and Sallie Mae Bank are registered service marks of Sallie Mae, Inc. SLM Corporation and its subsidiaries including Sallie Mae, Inc. are not sponsored by or agencies of the United States of America.

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