| GradPLUS
loans are available to graduate and professional students,
to supplement other financial aid received. The Graduate PLUS
Loan interest rate – effective for loan funds disbursed
after July 1, 2006 – is 8.5 percent. Studentloans.com
offers valuable borrower benefits on federal
student loans, which can reduce this rate. Graduate and
professional students may borrow up to the full cost of attendance
each year, less other financial aid received.
Student borrowers must first borrow
the maximum in Stafford Loans
before borrowing Graduate PLUS Loans. There are no annual
or aggregate loan limits. The borrower must pass a simple
credit check to demonstrate that they have no adverse credit.
GradPLUS Loan repayment typically
begins within 60 days of full disbursement, but in-school
deferments are available.
Click
here to learn more about Federal GradPLUS Graduate Student
Loans.
A Supplementary
Step To The GradPLUS Application Process |
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In tandem with applying for Federal GradPLUS Loans, you will
need to fill out and submit a FAFSA financial
aid form – available at www.fafsa.ed.gov.
The Free Application for Federal Student Aid (FAFSA) will
determine your level of financial need, and can be completed
before or after applying for GradPLUS loans.
Click here to learn more and fill out
Graduate PLUS Grad School Loan Applications online.
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