Federal Subsidized Stafford Student Loans are available to eligible students attending a participating post secondary institution. Borrowers must be an undergraduate/graduate student enrolled at least half-time. Borrowers must complete the need analysis application, Free Application for Federal Student Aid (FAFSA). Borrower eligibility is based on financial need as determined by the results of the FAFSA. The fixed interest rate will vary depending on the academic year. The Federal government pays the interest while the student is in school and during the six-month grace period and all periods of deferment. The Federal government requires students to pay a guarantee and origination fee. These fees are deducted proportionally from each disbursement of the loan. The loan funds will be sent directly to the school the student is attending. In most cases, the loan will be disbursed in at least two (2) equal installments. The disbursement dates are determined by the school. The loan request cannot be processed until a Federal Stafford Loan Master Promissory Note (MPN) is received by SIMMONS FIRST. The completed MPN should be mailed to:Simmons First P.O. Box 7408 Pine Bluff, AR 71611By signing the Master Promissory Note, you are entering into a legal binding contract. You are required by Federal law to repay the full amount borrowed. Borrowers make NO payments while enrolled at least half time and are allowed a six-month grace period before entering repayment after ceasing to be enrolled at least half-time. Under certain circumstances, borrowers can defer (postpone) repayment of their loan(s). Contact Simmons First Student Loan Services to discuss available options. Five (5) repayment plans are available to fit a variety of individual income levels as you repay your student loan. Click here to find the plan that best suits your needs.