Questions and Answers About PLUS Loans for Graduate and Professional Students

Eligibility

Applying

Loan Limits

Interest Rate and Fees

Repayment

Consolidation

Summary of Key Fact, Terms and Conditions for the Graduate PLUS Loan

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NEW GRAD PLUS Program

REPAYMENT

PLUS Loan Amount
Owed When You Enter Repayment
Standard Repayment Plan
Monthly
Payment
Total Amount
Repaid
$10000
$121
$14,496
$20000
$242
$28,992
$30000
$362
$43,488
$40000
$483
$57,984

Sources include U.S. Department of Education, FinAid.com, and National Council of Higher Education Loan Programs (NCHELP).

July 2006