Federal Aid Programs

Federal Grad PLUS Loan

A new federal loan program, the Grad PLUS Loan is a low interest, federally backed student loan guaranteed by the U.S. Government. Like its undergraduate counterpart, the Grad PLUS Loan can be used to pay for the total cost of attendance less any aid you've already been awarded. Also, like the undergraduate version, eligibility for the Grad PLUS Loan is largely dependent on the borrower's credit rating and history, as opposed to the need based Federal Stafford Loan. Requirements: Determination that the applicant does not have an adverse credit history Repayment beginning on the date of the last disbursement of the loan Grad PLUS Applicants are required to complete the Free Application for Federal Student Aid (FAFSA) Graduate Students must have applied for their annual loan maximum eligibility under the Federal Subsidized and Unsubsidized Stafford Loan Program before applying for a Graduate/Professional PLUS loan. UAlbany Graduate Students must complete the UAlbany Grad PLUS Application Form UAlbany Graduate Students must complete the Grad PLUS Master Promissory Note Interest Rate: The Grad PLUS Interest Rate is 8.5 percent, fixed. Grad PLUS Lenders For Your Consideration