I reached the maximum total debt as an undergraduate student. Can I borrow more as a graduate student?
The maximum total debt for the Federal Stafford Loan (both subsidized and unsubsidized) is $138,500. Only $65,500 of that amount can be in subsidized loans. This debt limit includes any loan amounts in these programs you received as an undergraduate. • What are Graduate PLUS Loans? • These loans are for Graduate and Professional students only. • Student must complete the Federal Application for Federal Student Aid(FAFSA). • Student must have applied for maximum Stafford subsidized and unsubsidized loan eligibility before applying for Grad PLUS. • Student may be eligible to borrow up to the cost of attendance minus other aid. • Student must complete a credit check and not have adverse credit history. (Secured through Lender) • Repayment begins within sixty days of final disbursement. • 3% origination fee • 1% guarantee fee • 8.5% interest rate Grad PLUS Lender List Grad PLUS Entrance Interview Grad PLUS Exit Interview • Are there other loan programs in addition to the federal loan progr
Related Questions
- If a student assumes debt from a student loan at the undergraduate level, will that impact them applying for loans at the graduate level?
- I reached the maximum total debt as an undergraduate student. Can I borrow more as a graduate student?
- What is the maximum amount I can borrow for my entire undergraduate and graduate degree(s)?
