Summary Info
  More Detail Info
  PLUS Loan Rates
 
The Grad PLUS loan is available to graduates and professional students who can pass a credit check. You may want to check your credit report prior to application: click here

Grad PLUS Loan Summary

  intro:
graduate and professional students are now eligible under the PLUS program to borrow up to 100% of graduate and professional education-related expenses as certified by the institution
  for parents:
parent plus loan available for undergraduate students:
see parent PLUS loans
Loan Amount cost of education minus aid given
Payments Begin deferral plans until graduation available
Interest Rates fixed for the life of the loan
No Restrictions no prepayment penalties; no collateral
Apply Now apply online for GradPLUS loan
Aid Tracking track your financial aid resources
 

amount:
eligible to borrow in your own behalf up to 100% of the cost of attendance (tuition, room and board, books, and even travel) minus any financial aid received.

You must apply for the annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Program before applying for a Graduate/Professional PLUS loan: see stafford loans

  amount:
eligible to borrow up to 100% of the cost of education minus any financial aid received
  no restrictions:
does not require collateral; no prepayment penalties
  loan processing:
pre-approval within minutes; funding can be made within 30 days or less
  eligibility:
student must be enrolled at least half-time in a graduate or professional degree or certificate program at an approved school
  approval requirements:
satisfactory credit history required with or without a co-signer
  rates:
Grad PLUS loans are fixed rate loans: see rates
  terms:
option to defer payments until after graduation or when the student leaves school
 
budget tracking sheet:
keep tabs on your student loans to help plan financial aid needs for each academic year -- plus manage your monthly living costs:
FREE download
College Budget
 

What's On This Page:

more detail information about the Grad PLUS loan
private student loans may be a better option
   
TIP: view the pros and cons of grad plus loans
TIP: consolidate your undergraduate student loans
 

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