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Borrower Profile

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Personal Information
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MI
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School Information
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Stafford loans:
The Stafford loan is usually the best option for students requiring additional funding for school once grants, scholarships and other free aid is awarded. Stafford loans are low-cost federal loans which are available at a fixed interest rate of 6.8% for the life of the loan. Stafford annual loan limits are $20,500 for law, MBA, and other graduate students; for medical, dental, and most veterinary students the annual loan limit is $40,500.
Graduate PLUS loans:
A Graduate PLUS loan is also a federally backed education loan intended to supplement the Stafford loan, and other financial aid, if additional funds are needed. Graduate PLUS loans are available at a fixed rate of 8.5% for the life of the loan. The federal government allows graduate students to take out Graduate PLUS loans to help meet educational costs. The loan limit is the student's total cost of education minus other financial aid.