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Graduate PLUS is a type of federal student aid, in the form of student loans, which is available to graduate and professional students. [1] Similar to the Parent PLUS loan for parents of dependent undergraduate students, the Graduate PLUS loan is an unsubsidized federally guaranteed education loan with no annual or aggregate limits.
Direct PLUS Loan: The direct PLUS loan is a federal loan that graduate or professional students and parents of undergraduate students can use to pay for their education. These loans can be used to help pay for education expenses not covered by financial aid. The Direct PLUS loan is not based on financial need, but credit is necessary.
Most graduate and professional students are not eligible for Pell Grants, but those enrolled in a post-baccalaureate teacher certification program are eligible. [2] Graduate students may also be eligible for these financial aid programs: Aid from other federal agencies (i.e., research grants or fellowships) State aid (i.e., state loans)
The FFELP offers four types of loans: the subsidized Federal Stafford Loans, unsubsidized Federal Stafford loans, the Federal PLUS Loan for graduate students and for parents of dependent undergraduate students, and consolidation loans. [3] The main federal student loan is the Stafford Loan. There are two types of Stafford loans: Subsidized.
President Joe Biden announced his administration's much-anticipated plan for student loan forgiveness on Aug. 24. But now, a group of senators is urging the administration to revise the ...
Parent PLUS borrower deferment for parents who received a Direct PLUS Loan to pay for their child’s education, and the student is enrolled at least half-time at an eligible college or career school.
As with undergrad, it’s important to submit your Free Application for Federal Student Aid (FAFSA) as soon as possible once it opens. Doing so will open up your ability to receive federal student ...
Graduate PLUS loans have the same interest rates and terms as those to parents. Federal Direct Student Loans, also known as Direct Loans or FDLP loans, originate with the United States Treasury. FDLP loans are distributed by the DOE, then to the college or university and then to the student.