Pays
the Entire Cost
graduates can borrow up to
the total cost of education
minus any financial aid
that you are qualified to receive - including the maximum loan amounts under the stafford student loan program.
Flexible
Repayment Plans
The federal government offers
flexible repayment plans
that can fit your budget. Payments are deferred until after graduation.
Disadvantages of the Grad PLUS Loan
Requires
Federal Filings
you must file the FAFSA
form with the federal government
in order to apply for PLUS
loans:
see
FAFSA file
Credit
Check Required
in order to qualify for
the loan, you must pass
a credit check as set by
the federal government
Multiple
Borrowings
you have to file and apply
for a loan each academic
year.
