Federal Grad PLUS Loan - Graduate Degree Programs Only
The Federal Grad PLUS Loan for graduate students is specifically designed to enable graduate/professional students to increase their federal financial aid at an affordable interest rate. The interest rate is fixed at 8.5%. Grad PLUS Loan repayment differs from Stafford Loan - repayment begins 60 days after the second disbursement of the loan. Many lenders offer deferment until the student graduates from the program, although interest continues to accrue.
Maximum Grad PLUS Loan Eligibility
Graduate students may borrow up to the total cost of education, minus financial aid and other loans received. Before receiving a Grad PLUS Loan, the school must determine the student's eligibility for the amount borrowed. The student borrower must be credit worthy.
When applying for a Grad PLUS Loan:
- a student must have borrowed his/her maximum Stafford loan eligibility.
To apply for a Grad PLUS Loan, click here.
To view our Suggested Lender List, click here.