Financing a quality education can be quite an undertaking for any family. That's why we offer a number of bank and government financing plans to help bring the cost of an education within reach.
Subsidized Federal Stafford Loan
Unsubsidized Federal Stafford Loan
Description/Eligibility
A federal loan available to undergraduate and graduate students who are enrolled at least half-time and who meet certain financial-need criteria. The federal government pays the interest while you are in school or during periods when you qualify for a loan payment deferment.
A federal loan available to undergraduate and graduate students who are enrolled at least half-time and who do not meet the financial-need criteria to qualify in whole or in part for a subsidized Federal Stafford Loan. You are responsible for paying the interest that accumulates while you are in school; however you may choose to have the interest added to your principal balance.
How Much Can You Borrow?
Undergraduate
Subsidized Loan Amount
Dependent
Independent
First Year
$3,500
$3,500
Second Year
$4,500
$4,500
Remaining Years
$5,500
$5,500
Cumulative
$23,000
$23,000
Graduate or Professional
Annual limit
$8,500
Cumulative
$65,500
Undergraduate
Total Loan Amount
Dependent
Independent
First Year
$5,500
$9,500
Second Year
$6,500
$10,500
Remaining Years
$7,500
$12,500
Cumulative
$31,000
$57,500
Graduate or Professional
Annual limit
$20,500
Cumulative
$138,500*
* Higher limits may apply to certain health professions students.
Parent Loans
Federal PLUS Loan
Equity
FirstLine
of Credit
Personal
Line of
Credit
PayAnyDay
Loan
Description/
Eligibility
This loan is available without regard to financial need and may cover the full cost-of-education, less other forms of financial aid. Available to the natural or adoptive parent(s) or legal guardian(s) of an eligible dependent student. Also available to graduate and professional students.
A line of credit secured by the equity in your home.
An unsecured line of credit without having to own a home or tap the equity in your home.
A loan with equal monthly payments for the term of the loan, with no collateral required.
How Much
Can You
Borrow?
Up to the cost-of-education less other financial aid (for example, if tuition is $20,000, and your child receives $2,500 in other aid, you may be eligible to borrow up to $17,500).
$10,000 to $250,000*
$1,500 to $25,000*
$2,500 to $25,000*
When Does
Repayment
Begin?
Parent borrowers may defer repayment for up to 60 days after their child ceases to be enrolled at least half time.
Payment begins within 45 days of drawing on the line.
Payment begins within 45 days of drawing on the line.
Payment begins within 45 days of the loan disbursement.
*Subject to credit approval by First Hawaiian Bank. Higher loan/line amounts may be available.
To Apply for Stafford or PLUS Loans:
Obtain a Free Application for Federal Student Aid (FAFSA) from the college of your choice or logon to www.fafsa.ed.gov to apply online.
Complete and return the FAFSA as instructed.
The college -- not the bank -- will determine the amount and type of financial aid you qualify for. The college will then send you an "awards" letter.
Refer the "awards" letter to your school's financial aid officer and apply through the school.
Complete and return the application as instructed.
The college will process your application and forward it for financing to your selected financial institution.
College Costs
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