The Graduate PLUS Loan is made to degree or certification seeking graduate students enrolled half-time or more, who have been awarded or notified of their maximum eligibility for a Federal Stafford Loan.
A credit check is required and FAFSA results must be on file with the Financial Aid Office.
A creditworthy cosigner is required for applicants who fail the credit test.
Students may borrow up to the cost of attendance minus other financial aid received.
Interest begins to accrue from the date of disbursement and continues through any deferment or forbearance until the loan is paid in full.
Payments of principal and interest may be deferred during periods of enrollment of at least half-time (6 hours/semester or more).
Interest payments not made during periods of enrollment or deferment will be capitalized.