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:
|5.30% fixed(effective July 1, 2020)|
|Net fee per disbursement:||4.228% (for loans disbursed on or after October 1, 2020)
4.236% (for loans disbursed on or after October 1, 2019)
|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.
Alumni Graduate Education Scholarship
The Alumni Graduate Education Scholarship is now available to any alum who wishes to pursue a graduate degree at Gonzaga. The scholarship is equal to 15% off a program’s tuition rate.You can find more information on this scholarship by clicking on the following link: Alumni Graduate Education Scholarship
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.