Home Page
GRAD PLUS Loans
What is a GRAD PLUS Loan?
GRAD PLUS loans are designed to help meet the cost of attending Graduate/Professional school that is not covered by any other type of financial aid, including other Federal student loans.
Features & Benefits
Borrower must apply for maximum eligibility for both subsidized and unsubsidized Stafford loans
· School must certify eligibility for all three loans
· Applicant cannot have adverse credit
· Fixed 8.5% interest rate
· Guarantor must guarantee the loan
· Loan proceeds are sent to the school
· Loans must be repaid in 10 years
· Repayment begins on the date of last disbursement of the loan
· You must pay a 1% Default Fee
· You must pay a 1.5% Origination Fee
· Fees are deducted from the loan proceeds sent to the school
· Borrower may apply for an in-school deferment if attending at least half-time
Apply for by completing the Free Application for Federal Student Aid
