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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.
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".
Graduate and PLUS loans are rising to heights not seen in over 20 years. Federal Direct graduate loans, which now have a 7.05 percent rate, will come with a rate of 8.08 percent.
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 ...
There is also a lifetime aggregate direct loan limit of $138,500, including any loans you received as an undergraduate, both subsidized and unsubsidized. How to Get Graduate School Student Loans ...
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