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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.
$138,500 for graduate or professional students. Up to the cost of attendance minus aid received for PLUS loans. Up to 100% total cost of attendance. Where to apply. FAFSA form. Lender websites.
The repayment schedule for Direct PLUS Loans disbursed on or after July 1, 2008 is the same as the schedule for Stafford loans. [1] [2] However, for Direct PLUS Loans first disbursed before July 1, 2008, the repayment period begins at the time the PLUS loan is fully disbursed, and the first payment is due within 60 days after the final ...
PLUS loans are federal education loans made to parents. [79] These have much higher loan limits, usually enough to cover costs that exceed student financial aid. Payments start immediately after education ends, although prepayment is allowed. Credit history is considered; thus, approval is not automatic.
For PLUS Loans, you might see specific titles, like “Parent PLUS Loans.” Older student loan names include Perkins, FFEL, and Stafford. Your credit report says so
Low-interest direct unsubsidized loans can help you cover the costs, but there is other financial aid for graduate school, even if you’ve hit your direct loan limit. There is also a lifetime ...
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