In order to apply for the Graduate Plus Loan, you must borrow the maximum amount through the Stafford Loan Program, and be credit worthy, as this loan is credit-based (versus need based, like Stafford or Perkins). This loan has a low fixed interest rate of 8.5% and you can borrow the full cost of your education minus what you received in Stafford Loans. This is a great way to finance your education because it comes with great federal benefits like deferment, tax deductions, and no pre-payment penalties.

For more information on financing graduate school, please visit the source below, or yahoo message us at studentaidlending.

Good luck, I hope this helps!

Best idea is to speak to the financial aid office of the college you’re going to attend to see what options are available to you.