How to cancel Graduate PLUS Loans

Consider a Private Loan:

• Low Variable Rates
• No in school payments
• Easy Online Application

Your school must notify you in writing whenever it credits your account with Graduate PLUS Loan funds. This notification must be sent to you no earlier than 30 days before, and no later than 30 days after, the school credits your account.

You may cancel all or a portion of their loan if you inform your school within 14 days after the date your school sends this notice, or by the first day of the payment period, whichever is later. (Your school can tell you the first day of your payment period.) If you receive Graduate PLUS Loan funds directly by check, you may refuse the funds by not endorsing the check.

Graduate PLUS Loan FAQs

How much can I borrow with a GradPLUS loan?

How are graduate PLUS loan funds disbursed?

What are graduate PLUS loan credit requirements?

Do I need a co-signer?

Can I use a graduate PLUS loan for my Online degree?

Can I cancel the loan if I change my mind, even if I have signed the promissory note agreeing to the loan's terms?

What's the interest rate on GradPLUS Loans?

Get your questions answered by our experts at the Grad PLUS forum.

Additional Graduate Financial Aid Help

• Graduate Stafford loan frequently asked questions
• Graduate PLUS loan frequently asked questions
• Graduate private student loan frequently asked questions

Click Here to Apply for the GradPLUS Loan