Re: Applying for Graduate Plus Loan
12-04-2012 04:01 PM
Here’s a quick overview of Direct PLUS Loans:
- The U.S. Department of Education is the lender.
- The borrower must not have an adverse credit history.
- Loans have a fixed interest rate of 7.9%.
- The maximum loan amount is the student’s cost of attendance (determined by the school) minus any other financial aid received.