Federal Graduate PLUS Loan Review

Graduate and professional students can borrow under the PLUS Loan Program. The terms and conditions applicable to Parent PLUS Loans also apply to Graduate PLUS loans. You may borrow up to your cost of attendance (determined by your graduate or professional school) minus other financial aid including other loans. You must not have an adverse credit history and repayment begins after the loan is fully disbursed. If you are still enrolled you can qualify for an In-School Deferment to avoid making payments. Contact your school or your servicer once the final year's disbursement is made to request the deferment. The loan carries a fixed rate of 8.5 for FFEL loans and 7.9% for a Direct loans. The standard repayment term is 10 years, but can be up to 25 years depending on your total borrowing.

In order to receive a Graduate PLUS Loan, you must first complete the Free Applicaton for Federal Student Aid (FAFSA) and have used your maximum annual loan eligibility under the Federal Subsidized and Unsubsidized Stafford loan program.

You can use our LoanFinder to compare and apply for a Graduate PLUS loan
source:estudentloan.com/