Graduate PLUS Loan Repayment

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No Payments While Enrolled In School

Repayment for the Graduate PLUS loan does not begin until you graduate, decide to leave school, or your enrollment drops below half time. Once this occurs, your first payment will typically be due 60 days later. We recommend checking with your school to determine your enrollment status.

Affordable Repayment Plans

Graduate PLUS loan repayment plans are designed to provide flexibility for any budget. Most lenders offer the same set of repayment plans to their borrowers. Once you complete school and enter repayment, you will have the option to pick from a number of helpful plans:

  • Standard Repayment - A fixed payment each month based on your principal and interest. Standard repayment is the least expensive repayment plan available and typically has a repayment term of 10 years.
  • Graduated Repayment - Lower payments at the beginning of repayment. Then over time, payments increase and become standard. This is a helpful option for graduates who need time to establish their careers and build a financial base.
  • Income-Sensitive Repayment - Monthly payments are based on your annual income and remaining outstanding loan balance.
  • Extended Repayment - For Graduate PLUS loans totaling more than $30,000, this plan offers a choice of fixed or graduated payments over a period of up to 25 years. Because repayment is stretched beyond the standard 10 year term, the total amount paid is higher.

Deferment and Forbearance

One important benefit offered during your GradPLUS loan repayment period is Deferment and Forbearance. You should always aim to make your monthly scheduled payments - but the unexpected usually happens – so having the option to postpone payments is helpful.

Your GradPLUS loan can be deferred if you choose to go back to school. Additionally, if you find yourself having economic hardships or you lose your job, a forbearance can be utilized through your originating lender.

Some Other Financial Aid Options to Explore

Graduate PLUS student loans are non-need based. GradPLUS Loans are based on your credit history.

Don't forget to search for scholarships and consider the Graduate Stafford loan.