Is Federal Stafford Loan eligibility required to be awarded first before PLUS Grad eligibility is established?
Per DCL GEN- 06-02 (FP-06-01), “They also must have applied for their annual loan maximum eligibility with the Federal Subsidized and Unsubsidized Stafford Loan Program before applying for a Graduate/Professional PLUS loan.” This is supported by DCL FP-06-05, “However, a graduate or professional student is not required to receive Federal Stafford Loan funds as a condition for receiving a Federal PLUS Loan, and a school may not require a graduate or professional student to receive Federal Stafford Loan funds before the student may apply for a Federal PLUS loan.”
Related Questions
- Must a school determine a students eligibility for a subsidized Federal Stafford Loan before determining a parent borrowers eligibility for a Federal PLUS Loan?
- What is the difference between the Subsidized Federal Stafford Loan, the Unsubsidized Federal Stafford Loan, and Grad Plus?
- Is Federal Stafford Loan eligibility required to be awarded first before PLUS Grad eligibility is established?
