Federal Graduate PLUS Loans
Loan money is money for the student’s educational expenses that must be paid back to the lender.
For 2015–2016, the Federal Graduate PLUS loan has a 6.84% interest rate. As the name implies, it is similar to the Parent PLUS loan, and requires credit approval and GradPLUS entrance loan counseling before the loan will be funded.
Interest rates are set every July 1st for the following year. Currently, a 4.292% origination fee is deducted from the amount borrowed before the money is sent to the school.
- Go to www.studentloans.gov and sign in
- In the left menu, click on Request PLUS loan
- Then pick Graduate PLUS loan
- Applying takes about 10 minutes and you will have a decision at the end of the application process.
- If approved, do the Graduate PLUS MPN
- Notify the Financial Aid office of your approval and wish to get the loan.
Be sure to sign the appropriate type of MPN for the loan you are receiving (Graduate students would sign the Graduate PLUS MPN and not the PLUS MPN).
See the financial aid office if you are interested in this loan. You can reach us at firstname.lastname@example.org, 1-800-343-4919 or 830-792-7217, or visit us in person in the Welcome Center. Our office is open Monday – Friday from 8am – 5pm.
We are here to help you.
The Office of Financial Aid at Schreiner University is committed to assisting students in obtaining the best financial aid award possible. However, it is the student’s responsibility to comply with all requirements necessary to complete the financial aid process. In addition, the Office of Financial Aid is not responsible for the student's financial obligations to Schreiner University. Each student must verify their account balance and make arrangements for any amounts not covered by financial aid.