The Grad PLUS loan, also called a direct PLUS loan, is available only for graduate and professional students. You can borrow up to the cost of attendance, which is determined by the school, minus any other financial assistance you get. The terms of Grad PLUS loans are not quite as favorab...
Graduate students can, however, apply for Federal Direct Unsubsidized Loans and Grad PLUS Loans, which do not require proof of financial need but do accrue interest while you are in school. Can you take out a student loan for a master’s degree? Yes, you can take out student loans for ...
A Direct Unsubsidized student loan allows you to borrow up to $20,500 each school year, with a $138,500 aggregate limit for most degrees. While a grad PLUS loan allows you to get a loan for the full cost of a graduate education, the credit qualifying standards are more strict. Experts...
a•Stafford Loan Application[translate] a•Stafford Loan Entrance Counseling and Master Promissory Note[translate] a•Perkins Loan Application and Change Form[translate] a•Perkins Loan Cancellation Information[translate] aFederal Direct Graduate PLUS Loans[translate]...
Graduate student loans consist of both federal and private loans. Under the federal student loan umbrella, there are federal direct unsubsidized loans and grad PLUS loans. (Unlike undergraduate borrowers, graduate borrowers can't access federal directsubsidizedloans.) ...
Contact your school's financial aid office for details.Direct PLUS Loans—Eligible graduateand professional degree students who need to borrow more than the maximum unsubsidized loan amounts to meet their education costs may apply for a PLUS loan. A credit check will be performed during the ...
"I was instantly given my EFC and loan eligibility amount after completing it, which made it much easier to plan." Submitting the FAFSA as a graduate student allows students to be considered for direct unsubsidized loans, PLUS loans and the federal work study prog...
You may also qualify for Direct PLUS Loans if you need to borrow more than the maximum unsubsidized loan amounts to meet your education costs. If you take out federal student loans to help cover graduate school, make sure you understand the repayment terms and when interest will start to ac...
Stafford Loans (also known as Direct Unsubsidized Loans) Can borrow up to $20,500 a year ($40,500 for med school) 1.062% fee Fixed interest rate of 6.6% for the 2018/2019 school year Grad PLUS Loans Can borrow amount equal to your school’s cost of attendance (tuition and fees, roo...
Another type of financial aid for graduate school is federal student loans. As of early 2020, there are two types of federal loans for graduate students: Graduate PLUS loans and Stafford loans, also called Direct Unsubsidized Loans. To see which ones you’re eligible for and how much you ma...