http://www.debts.org/index.php en info@debts.org Copyright 2008 2008-12-01T15:28:00+00:00 http://www.debts.org/11/index/federal_graduate_plus_loans/ http://www.debts.org/11/index/federal_graduate_plus_loans/#When:12:43:00Z Quick link:FAFSA application form for Federal Graduate PLUS Loans.Graduate Plus loans are federally sponsored loans for students attending graduate school. A Graduate Plus loan allows you to borrow up to the full cost of your education, minus other financial aid received including Federal Stafford loans.More.... Graduate students should exhaust their Federal Stafford Loan eligibility before applying for a Graduate PLUS loan.Federal Graduate Plus Loan EligibilityGraduate Plus Loans are available to students who:1) Are enrolled in school at least halftime. 2) Satisfy a credit check. 3) Are a US citizen or national, a US permanent resident/eligible non-citizen. 4) Submit a FAFSA.Benefits of a Graduate Plus LoanFlexible repayment options No payments while still in school.Online account management.Life-of-loan servicing from Sallie Mae.No prepayment penalty.Online application with instant credit decision. Interest may be tax deductible.Repayment of a Graduate Plus loan can be aligned with Stafford loans.Sallie Mae lenders can offer additional benefits on Graduate PLUS loans.Loan termsLoan limitsYou may borrow up to the full cost of your education, less other aid received.Interest rateThe Graduate PLUS interest rate is fixed at 8.5%.Graduate PLUS Loan FeesThere is a 3% origination fee charged by the federal government. The 1% federal default fee will be paid on the borrowers behalf on Sallie Mae Medical School Loans Graduate PLUS Loan guaranteed by USAF or NELA February 1, 2008–June 30, 2009.Legal implications of a Graduate Plus LoanThe borrower is responsible for all interest accrued on the Graduate PLUS loan. Unpaid interest will be added to the loan principal which will increase your interest rate.Repayment on PLUS loans begins within 60 days after the final disbursement of the loan. Graduate PLUS loans for borrowers who are attending school at least half time will be placed into in-school deferment. No payments are required during in-school deferment.Make yourself at home in our Forum and find out what everyone else in America thinks about student loans. There is also our up-to-date News section for all the latest on personal finance. If you need help finding a provider or would like to review a company, please don’t go without checking out our A-Z directory. Federal Graduate PLUS Loans 2008-07-16T12:43:00+00:00