|What is it?||A long-term, credit-based, federal loan with a fixed interest rate in the student’s name.|
|Who can apply?||
A student enrolled in school at least half-time per term working toward a degree; must be making satisfactory academic progress and not be in default on an education loan. The student must be a U.S. citizen or an eligible non-citizen.
Students must pass a credit check but may apply with a qualified co-borrower. It is recommended that students should apply first for the Federal Direct Unsubsidized Loan.
|How much can I borrow?||
The annual limit is the Cost of Education minus all other financial aid, including loans.
A student needs to reapply each academic year online and through the Financial Aid Office.
|Is there a fee?||The Federal government charges Graduate Plus borrowers an Origination Fee which is deducted before the loan proceeds pay into the student's account.|
|When do payments begin?||Repayment begins after the last installment of the loan pays into the school. A student may qualify for a deferment if he/she is enrolled at least half-time.|
|? How do I apply?||