What is a Grad PLUS Loan and how is it different from a Stafford Loan and an alternative loan?
Grad PLUS loans are federally sponsored loans for students attending graduate school. With a Graduate PLUS loan, you may borrow up to the full cost of your education, less other financial aid received including Federal Stafford loans. Graduate students should exhaust their federal Stafford loan eligibility before applying for a Graduate PLUS loan. For a comparison of the three loan programs, go to Grad Compare. Eligibility • You may be eligible for a Graduate PLUS loan if you are enrolled in school at least half time. • A credit check is required. • You must be a U.S. citizen or national, a U.S. permanent resident, or an eligible non-citizen. • You must submit a FAFSA.
