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Direct Graduate PLUS Loan Program a graduate student may borrow funds for educational expenses. Review the 2008-2009 Federal Direct Graduate PLUS Loan Information Sheet on the next page for more information on loan eligibility and repayment. Return this Form to the WSU Law School Office of Student Financial Aid 471 W. Palmer - Suite 1215 - Detroit, MI 48202 - FAX (313) 577-9459 - FINAIDLAW wayne.edu Name: Student ID#.

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The Graduate PLUS Loan can cover the full cost of attendance for your graduate program, with the exception of other financial aid received. There is no aggregate loan limit. The cost of attendance may include: Tuition and fees.

A Federal Direct Loan is a student loan made directly by the U.S. Department of Education. There are four types of Direct Loans: Direct Subsidized Loans are given to undergraduate students who demonstrate financial need.

Interest Rates for Direct Loans First Disbursed on or After July 1, 2023, and Before July 1, 2024 Loan TypeBorrower TypeFixed Interest Rate Direct Unsubsidized Loans Graduate or Professional 7.05% Direct PLUS Loans Parents and Graduate or Professional Students 8.05%1 more row

PLUS loans have large borrowing limits, making it possible to take on too much debt. How PLUS Loans Work. Danger 1: There Is No Automatic Grace Period. Danger 2: PLUS Loans Aren't Eligible for Most Income-Driven Repayment Plans. Danger 3: You Can Easily Borrow More Than You Need.

Graduate PLUS (GradPLUS) Loans are low-interest federal direct loans awarded to eligible graduate students who file the Free Application for Federal Student Aid (FAFSA) and have exhausted their eligibility for Direct Stafford Loans. You must be enrolled in at least 6 credits in any given semester to qualify.

Direct Subsidized/Unsubsidized Loans have a lower fixed interest rate (6.8%) than Direct PLUS Loans (7.9%), and no interest is charged on Direct Subsidized Loans while you are in school at least half-time or during grace and deferment periods. Interest is charged on Direct PLUS Loans during all periods.

Direct PLUS Loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. PLUS loans can help pay for education expenses not covered by other financial aid.

Direct PLUS Loans have an interest rate of 8.05% for the 2023-24 school year for all borrowers, compared with 7.05% for Direct Unsubsidized Loans for grad students. They also have a loan fee equal to 4.228% of the principal, which is four times the fee for a Direct Unsubsidized Loan.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232