Federal PLUS Loan

/

The Federal PLUS Loan Program allows graduate students and parents of dependent students to borrow long-term, low-interest funds to help meet education expenses.  An absence of negative credit history must be shown to qualify for this loan.  The maximum PLUS loan amount is calculated by subtracting the total aid awarded to the student from the cost of attendance. To request the PLUS loan, please visit www.StudentLoans.gov. If a parent of a dependent student is denied a PLUS loan, the student may be eligible for additional unsubsidized Stafford Loans.  PLUS loans must be applied for each year, as they are not automatically renewed.

Parent PLUS Loan Details
Current interest rate: 7.21% fixed (effective for loans disbursed after July 1, 2014)
Net fee per disbursement: 4.288%
Repayment: Begins 60 days after loan is fully disbursed each year; options may be available for deferment
Borrower Requirements: To be an eligible Parent PLUS loan borrower, you must:
 - Be the biological parent, step-parent (who has reported their information on the student's FAFSA) or the legally adoptive parent of the student (for Parent PLUS only)
 - Be a US citizen or have a legally approved residency status for loan eligibility;
 - Not be in an overpayment on any federal student aid;
 - Not be in default on any federal student loans;
 - Not have canceled any prior federal loans for total and permanent disability;
 - Not have any federal government judgment lien(s) on any property;
 - Not be currently incarcerated.
Master Promissory Note Required


Graduate PLUS Loan Details
Current interest rate: 7.21% fixed (effective for loans disbursed after July 1, 2014)
Net fee per disbursement: 4.288%
Repayment: Begins 60 days after loan is fully disbursed each year; automatic deferment may be available while enrolled at least half time
Borrower Requirements To be an eligible PLUS loan borrower, you must:
 - Be fully admitted as a matriculated graduate student;
 - Be enrolled at least half time (3 credits);
 - Be a US citizen or have a legally approved residency status for loan eligibility;
 - Not be in an overpayment on any federal student aid;
 - Not be in default on any federal student loans;
 - Not have canceled any prior federal loans for total and permanent disability;
 - Not have any federal government judgment lien(s) on any property;
 - Not be currently incarcerated.
Master Promissory Note Required
Loan Entrance Counseling Required
Promissory Note

Scholarship Search
Access, search & apply for awards.


Find Your Counselor

Directory
Contact a financial aid counselor.

/GUMainWebsite/Campus-Resources/Offices-and-Services-A-Z/Student-Financial-Services/Financial-Aid/inc/menubarmenubarcopyright