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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".
PLUS loans are federal education loans made to parents. [80] These have much higher loan limits, usually enough to cover costs that exceed student financial aid. Payments start immediately after education ends, although prepayment is allowed. Credit history is considered; thus, approval is not automatic.
$138,500 for graduate or professional students. ... Direct PLUS Loans: ... For example, if you’ve exhausted the federal student loan limit, private loans could finance the remainder of your ...
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 ...
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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