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summary: graduate PLUS loans
Four (4) quick notes about graduate plus loans
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Loan Amounts
- eligible to borrow in your own behalf up to 100% of the cost of attendance (tuition, room and board, books, and even travel) minus any financial aid received
- you must apply for the annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Program before applying for a Graduate/Professional PLUS loan
- does not require collateral; no prepayment penalties
- the federal government offers flexible repayment plans that can fit your budget for graduates: payments are deferred until after graduation or separation from school
- you have to file and apply for a loan each academic year.
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Loan Eligibility
- student must be enrolled at least half-time in a graduate or professional degree or certificate program at an approved school
- satisfactory
credit history required with or without a co-signer
- pass a college entrance exam approved by the U.S. Department of Education, and/or meet other standards your state may establish.
- be enrolled or accepted for enrollment as a regular student working
at least half-time toward a degree or certificate in an
eligible program.
- be a U.S. citizen or eligible non-citizen.
- have a valid Social Security number
- make satisfactory academic progress.
Helpful Tools
Some helpful tools for making college aid decisions:
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College Aid Topics
Key topics on college aid issues:
Student Financial Aid (summary)
