Federal Grad PLUS Loan
- Obtainable by graduate students
- Fixed rate of interest of 8.5%
- Should meet the requirements of federal credit
- Might borrow equal to the COA less other financial aid counting other loans.
- Payment starts within sixty days after the loan’s second disbursement, but might be deferred when attending the school half-time or more. Though, interest accrues daily, any interest that is unpaid will be charged to the principal amount as soon as the loan is ready for repayment.
- Up to twenty five years for repayment if the amount borrowed exceeds $30,000. The standard term for repayment is ten years.
