Graduate PLUS Loan
A Graduate PLUS loan is a federal education loan intended to supplement the Stafford loan and other financial aid, if additional funds are needed. Graduate PLUS loans are guaranteed by the Federal Government and are available at a fixed rate of 8.5% for the life of the loan. Graduate PLUS loans provide graduate and professional students the best possible choice for a graduate student loan.
Terms and Benefits:
- 0.25% ACH: Interest rate is reduced by 0.25% if automatic payments are made directly from your bank account.
- Repayment period: Up to 25 years
- Loan Limits: Cost of attendance minus other financial aid
- Not based on financial need, but credit guidelines apply
- Must be enrolled at least as a half-time student
- 24/7 account access:
Graduate PLUS Loan details for the 2009-2010 academic year:
| Loan Type |
Interest Rate |
Fees |
| Graduate PLUS |
8.5% |
0% Federal Default Fee*
3% Origination Fee |
Notes and Assumptions
* Graduate Leverage has elected to work with national guarantors that have waived the Federal Default Fee on behalf of its borrowers. If your loan is processed with another guarantor you may be subject to a 1% default fee. Programs are subject to change.