Federal Graduate PLUS Loans Made Fast and Easy
Introducing the Federal Graduate PLUS Loan, a low interest, federally backed graduate student loan guaranteed by the U.S. Government. The Grad PLUS loan is a non-need, credit-based loan similar to a private student loan, but with the benefit of having a fixed interest rate and federal guarantee.
The Graduate PLUS Loan allows graduate students to borrow the total cost for their graduate school needs, including tuition, room and board, supplies, lab expenses, and travel, less any other aid.
Terms
- 8.5% fixed interest rate
- Payments begin after graduation or enrollment in school less than half-time
- 10 to 25 year repayment period
- Loans up to 100% of your Cost of Attendance minus other aid, based on school certification
- Interest is tax deductible for most people
Eligibility
- You must be a U.S. citizen, a permanent resident or an eligible non-resident
- You must be enrolled at a school that participates in the Federal Family Education Loan Program (FFELP)
- You must be in good standing on your other education loans and grants
- You must pass a credit check or complete an endorser option
How to Apply
- Determine the amount you need to borrow
- Have your Social Security number, driver's license, two references, and FAFSA PIN ready**
- Click the Apply Now button and follow the instructions to complete your application
- We will check your credit and send your application to your school for certification
- We will confirm your loan approval, confirm your loan amount, and arrange for payments to be made according to your school's preferences
** Graduate students need a FAFSA PIN to apply for a Federal Grad PLUS loan. If you do not have a FAFSA PIN, you can obtain one by completing the Free Application for Federal Student Aid.
