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Graduate PLUS Loans

Federal Graduate PLUS Loan

This federal educational loan is administered by the United States Department of Education through the Direct Lending Program. The interest rate is fixed at 7.9% and will not change throughout the life of the loan.  Interest starts to accrue on the date of disbursement and continues to accrue even while a student is enrolled in school and during other periods of deferment or forbearance.

Eligibility for the federal Graduate PLUS Loan is calculated after eligibility for the federal Stafford Loan is subtracted from the student’s Cost of Attendance (COA).  The maximum annual federal Graduate PLUS Loan amount available to medical students is equal to the COA minus all other aid.

A credit check by the Department of Education is required for approval.