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