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Graduate PLUS is a type of federal student aid, in the form of student loans, which is available to graduate and professional students. [1] Similar to the Parent PLUS loan for parents of dependent undergraduate students, the Graduate PLUS loan is an unsubsidized federally guaranteed education loan with no annual or aggregate limits.
In 2019, the average undergraduate who had taken on debt had a loan balance of about $30,000 upon graduation. Almost half of the student loans are for graduate education, and those loan amounts are typically much higher. [4]: 1 [5]
The maximum amount that one person can take out depends on several factors, including whether they’re private or federal loans and your level of education.
The Unsubsidized Stafford Loan and Grad PLUS loans are non-need-based loans available for both undergraduate and graduate students who do not qualify for need-based financial aid. [ 16 ] Even though these loans are not subsidized, interest rates are set by Congress, the programs are closely supervised, and they provide many protections that ...
If a parent's loan application is denied, the student's borrowing limit on unsubsidized federal student loans may be increased to the amount set for independent students.
A student loan is a type of loan designed to help ... the amount of student loan debt had reached $1.6 trillion. ... Loans to graduate and professional students are ...