Federal Grad PLUS Loans for Graduate Students

Federal Grad PLUS loans help supplement your other sources of financial aid, giving you the flexibility to cover 100% of your graduate school expenses. We have a low interest rate of 8.25% and an extra 0.25% interest rate credit when payments are set up for automatic debit from a bank account.

 

  • 8.25% fixed interest rate
  • 0.25% repayment interest rate credit when payments are set up for automatic debit from a bank account

  • 3% origination fee*
  • Zero guarantor fees
  • Zero prepayment fees

  • 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

Eligibility criteria are determined by the federal government and include:

  • 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
  • Determine the amount you want 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

You can check your loan status online at any time.
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* There are zero guarantor fees and zero prepayment fees, but the government requires that we charge a 3% origination fee on Federal Grad PLUS loans. For applications submitted prior to October 10, 2007, we credit this amount back to you at repayment, provided that you have not repaid the loan in full by that time.

** 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.