The Peoples Bank

We would like to Thank you for visiting The Peoples Bank, an employee-owned, full-service bank. With over 118 years in existence, The Peoples Bank is the home of friendly and dependable service. We offer a variety of services for customers and will make it a priority to create a solution to fit your banking needs.

Student Checking Account
Savings Accounts
New & Used Vehicle Loans
Educational IRA
How to Save for College...When You Don't Have Much Time

Find money for college, get expert tips on financial aid, find your dream school to get recruited by colleges. Click here to view the many websites designed for this very purpose. Take advantage of the Internet's scholarship services so they can help you make decisions that will shape your life.

Student Checking Account

A checking account is a convenience which makes it easy for you to keep track of your money and pay your bills. The Peoples Bank offers a checking account designed for students. When you open a checking account at The Peoples Bank, you can relax knowing your account is insured by the FDIC.

To open a checking account, please stop by any of our locations (Pratt, Medicine Lodge, Sharon, Greensburg, Kiowa, Hardtner, Smith Center or Lebanon) and let The Peoples Bank help you with all of your banking needs.

Student Savings Accounts

Saving money is an important part of building a strong and safe financial future. Whether you're saving for your education or your child's education, The Peoples Bank will make it a priority to help with all your banking needs. Just like our checking accounts, The Peoples Bank savings accounts are insured by the FDIC.

Student Savings - Savings Calculator

The Peoples Bank offers a way to help you save for your future!

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Christmas Club Savings - Savings Calculator

This account helps you save for those holiday purchases.

Minor Savings - Savings Calculator

The Peoples Bank offers a way to help you save for your education. Let us help you save for your future!

To open a savings account, please stop by any of our locations (Pratt, Medicine Lodge, Sharon, Greensburg, Kiowa, Hardtner, Smith Center or Lebanon) and let The Peoples Bank help you with all of your banking needs.

New and used vehicles loans - Loan Calculator

Looking for a new or used car? We have automobile loan options made to fit your needs. These options include:

Click here to look up the value of a new vehicle

Click here to look up the value of a used vehicle

Investment Services

Providing the largest Trust Department in Kansas, The Peoples Bank in Pratt is dedicated to taking care of your savings and school needs. Our Trust Department provides a full range of services. Click here to send us an email for more information regarding this account.

*Investments other then bank deposits are not insured by the FDIC.

*Investments other than bank deposits are not deposits or obligations of the bank or it's affiliates

*Investments other than bank deposits are not quaranteed by the bank or its affiliates; and are subject to investment risk, including possible loss of principal

Educational IRA

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How to Save for College...When You Don't Have Much Time

It isn't too late.

Yes, your child is getting close to college and you haven't saved nearly as much as you should have. In fact, you may not have saved much of anything at all. But don't panic. Your dreams of buying your kid an education aren't out of reach.

Though the costs seem daunting, a variety of resources are available to help parents put aside money or tap a vast reservoir of cash in the form of grants, scholarships and loans. The hard part is finding all the options out there.

How Much to Save?

That's the big question. The average four-year public university now costs about $11,400 annually for tuition, fees and room and board. For a top-flight public school like, say, the University of Michigan or the University of California, Los Angeles, the costs are even higher; between $17,000 and $25,000 a year, depending on residency status. Private schools average $27,500 annually, while some, such as the University of Chicago, can range around $43,000 a year for an on-campus resident. Got a toddler you hope to send to the University of Texas 18 years from now? You'll need to invest about $205 a month starting today to reach the $215,000 you'll need. For a child just three years from university, for instance, you'll need to save more than $1,900 monthly for the average public school, and nearly $4,000 for the average private school. With a five-year horizon, the monthly savings required for public and private schools are about $1,373 and $2,842, respectively.

But don't let the big dollars discourage you. We rarely pay cash upfront for houses or cars, and there are lots of ways to pay for college. More than likely, you're in better financial shape today than you were when the kids were born, and you don't have to pay child care any longer. Some of your income that is supporting the child today most likely can be redirected to college costs.

Filling Out Fafsa

But what if you're even later to the game, or you can't save more than you already have and you know it won't cover the bills?

In the 2003-04 academic year, students nationwide received more than $122 billion for college costs--an average of about $10,500 apiece. Before your child can get any aid, you have to fill out the Free Application for Federal Student Aid, routinely called the Fafsa form. This puts your family information into a central hopper for federal, state and university-level aid. You can find the form at The sooner in the year you send this form to the schools your child is considering, the better the chances of getting the most aid. Many of the awards for the fall are granted in the spring.

Talking to the Counselors

First stop: the high-school guidance counselor's office. Communities, local organizations and companies offer a variety of scholarships that fly beneath the radar of college aid officers. They show up, instead, in the counselor's office. Also check the high school's Website. Schools sometimes post available scholarships, eligibility and deadlines.

Second stop: the Internet. Websites such as offer free search services that can help locate thousands of scholarship dollars. Fastweb has about 600,000 scholarships in its continuously updated database. Sign up free, plug in educational, demographic, athletic and civic information, and Fastweb will find all the scholarships that your student might be eligible for. Moreover, as new ones come in, Fastweb alerts you via e-mail.

Warning: Do not pay any company that guarantees--for a fee of a couple hundred dollars--that it can find college aid. "It's a scam."

Grants and Scholarships

Everybody wants free money--the type you never have to repay. Pell Grants are the most recognized federal financial-aid program. Like many federal aid programs, Pell Grants are based solely on need, determined by the data on your Fafsa form. Given the grants' relatively tiny size, you'll need to find other dollars--like scholarships.

Some scholarship are need based, reserved for families whose finances impair their ability to pay for school. But most are merit-based, meaning they don't take into account parents' income or assets; but instead require that students have decent grades and, often, write an essay.

Information on the various state scholarship programs is usually available online at each state's higher-education-agency Website. The U.S. Department of Education runs a database of state aid agencies at It lists contact information and Web addresses for all states except Florida and Nevada.

Looking Into Loans

If you come up short with scholarships and grants, you may have to borrow to cover costs. First, the bad news: These dollars must be repaid. The good news: Their interest rates are typically lower than prevailing rates; you have 10 to 30 years to repay; generally you can defer payments until after graduation; and in some cases the federal government pays the interest while your child is in school.

Loans typically come through federal programs like Stafford Loans, or through private lenders or Sallie Mac. Many loans are specifically for student applicants, others are for parents.

First, Stafford Loans, the largest of the federal loan programs, with nearly $50 billion dispensed in the 2003-04 school year. Several variations exist. With a subsidized loan, the federal government pays the interest while a student is in school, for the first six months after graduation and, if necessary, a period of deferment. These loans are granted based solely on need, as determined by the Fafsa form.

Sallie Mae's Signature Student Loan is popular among student who don't get enough from a Stafford Loan. Since repayment of private loans isn't guaranteed by the federal government, lenders take on greater risk, so rates and fees are often higher and generally tied to a borrower's credit history.

Still Can't Swing it?

If you've tapped into all the scholarships, grants and lending options and you still can't cover the cost, there are a few final nooks in which to look.

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