Additional Resources for Graduate Students
Grad Plus Loan
The Federal Direct PLUS Loan Program allows graduate 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 Federal Direct PLUS Loan amount is calculated by subtracting the total aid awarded to the student from the cost of attendance. To request the Federal Direct PLUS loan, please visit www.studentaid.gov. Federal Direct PLUS loans must be applied for each year, as they are not automatically renewed.
Graduate PLUS Loan Details
|Current interest rate:||6.6% fixed (for loans disbursed after July 1, 2018)
7.0% fixed (for loans disbursed after July 1, 2017)
|Net fee per disbursement:||4.248% (for loans disbursed after October 1, 2018)
4.264% (for loans disbursed after October 1, 2017)
|Repayment:||Begins 60 days after loan is fully disbursed each year;
automatic deferment may be available while enrolled at least half time
To be an eligible Federal Direct PLUS Loan borrower, you must:
|Master Promissory Note||Required|
|Loan Entrance Counseling||Required
Gonzaga offers interest-free payment plans. Payments can be divided into 10 or 8 months. Monthly payments can be made by check, or online via our CASHNet portal. You can learn more by clicking on the following link: Payment Plans.
Outside Scholarship Search
Outside scholarships can be great resources for graduate students. We encourage you to look in your community to see if there may be any available to you. We recommend starting with banks, credit unions, service organizations, churches, and parents’ employers.
Additionally, in support of our current and potential students, Gonzaga's Financial Aid Office maintains a database of scholarships for students to access, search and apply for awards. Please be sure to check out our: Outside Scholarship Search Engine for additional opportunities.