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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.
A PLUS Loan is a student loan, which is part of the Federal Direct Student Loan Program, offered to parents of students enrolled at least half time, or graduate and professional students, at participating and eligible post-secondary institutions. The original, now obsolete, meaning of the acronym was "Parent Loan for Undergraduate Students".
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.
Most federal loans are eligible, including undergraduate and graduate direct loans, Parent PLUS and grad PLUS loans and consolidation loans. Federal family education loan (FFEL) program loans held ...
Grad PLUS and parent PLUS loans can cover the total cost of attendance, excluding any other forms of financial aid. For the 2022-23 school year, interest rates are set at 8.05 percent. Work-study
Per the Federal Student Aid site, most federal student loans with an outstanding balance as of June 30, 2022, are eligible for loan relief. These include graduate and undergraduate Direct Loans ...
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