Federal Direct Grad PLUS Loan

This is a Federal Student Loan program.

A credit check is required every time a student requests a Grad PLUS loan. For more information, visit the Department of Education website.

Who may apply: Students in all programs who meet the special qualifications.

Special Qualifications: Students must

• Be enrolled at least half-time (6 credit hours for most programs)
• Be a U.S. Citizen or Permanent Resident.
• Have good credit, as determined by Department of Education.

Maximum: Up to cost of attendance, less other financial aid received.

Interest:

• Unsubsidized (interest free) during school, grace, or deferment
• 8.5% fixed interest rate

Fees: 3% origination fee and 1% default fee

Repayment Options:

• http://studentaid.ed.gov/PORTALSWebApp/students/english/OtherFormsOfRepay.jsp

• http://studentaid.ed.gov/PORTALSWebApp/students/english/difficulty.jsp

Contact the Financial Aid Office:      (847) 578-3217