Compare PLUS and Alternative 贷款
Graduate students and parents of undergraduate dependent students may request a Direct PLUS Loan. There are many things to consider prior to applying for a PLUS Loan. Please review the information below and the resources that follow to assist you in making an informed decision.
研究你的选择
只借你需要的东西! Remember that excessive debt can have a negative effect on your future plans and lifestyle for years to come.
Important facts about Direct PLUS and Alternative 贷款
利率
- 另类(私人)贷款
- 利率 may be fixed or variable; variable rates may go up or down depending on the marketplace.
- Your interest rate is dependent on your credit history. The lower your credit score, the higher your interest rate. If you have poor credit, you may need a creditworthy co-signer.
- 直接PLUS贷款
- 6.28% fixed (effective for loan disbursements on or after 07/01/2021 through 07/01/2022).
- PLUS loans require a credit check for adverse credit history. Denied borrowers may appeal or obtain an endorser (co-signer) to qualify.
发放的费用
- 另类(私人)贷款
- 直接PLUS贷款
- 4.228% (effective for loans disbursing on or after 10/01/20 and before 10/1/22).
咨询的需求
- 另类(私人)贷款
- 直接PLUS贷款
- PLUS borrowers denied but subsequently approved through an appeal or obtaining an endorser must complete PLUS入学辅导.
Repayment options while student is in school
- 另类(私人)贷款
- Deferring repayment options are determined by the lender. You may be able to make interest only payments, or postpone payment until you are no longer enrolled. You will also want to ask if the lender provides a grace period prior to entering repayment.
- 直接PLUS贷款
- Repayment begins 60 days after the loan is fully disbursed. 没有宽限期.
- 父母+ borrowers may defer repayment while the dependent student is enrolled at least half-time and for an additional six months after the student ceases to be enrolled at least half-time.
- 毕业生加 borrowers enrolled at least half-time are eligible for in-school deferment and a six month grace period prior to repayment.
支付责任
- 另类(私人)贷款
- Deferring repayment options are determined by the lender. You may be able to make interest-only payments, or postpone payment until you are no longer enrolled. You will also want to ask if the lender provides a grace period prior to entering repayment.
- 直接PLUS贷款
- Repayment begins 60 days after the loan is fully disbursed. 没有宽限期.
- 父母+ borrowers may defer repayment while the dependent student is enrolled at least half-time and for an additional six months after the student ceases to be enrolled at least half-time.
- 毕业生加 borrowers enrolled at least half-time are eligible for in-school deferment and a six month grace period prior to repayment.
担保人
- 另类(私人)贷款
- A creditworthy co-signer may help a student qualify for the loan and potentially get a lower interest rate. 担保人s are responsible for the loan if the student doesn’t make payments as scheduled. Review the lender criteria if a co-signer release option is provided.
- 直接PLUS贷款
- A denied PLUS borrower may pursue an endorser (co-signer) to qualify. The endorser must be approved with a credit check for adverse credit history. There is no endorser (co-signer) release option. PLUS loans approved with an endorser are limited to the amount stipulated by the endorser and limit the PLUS MPN to a single year note.
Enrollment status eligibility
- 另类(私人)贷款
- Check with lender for enrollment status eligibility.
- 直接PLUS贷款
标准的还款
还款期间的选择
- 另类(私人)贷款
- Check with lender for options to postpone or reduce payments.
- 直接PLUS贷款
- 多个 还款计划 是可用的.
- Deferment and forbearance options to 推迟付款 是可用的.
Eligibility for federal consolidation loan
Cancellation due to death or disability
- 另类(私人)贷款
- Check with lender regarding cancellation provisions.
- 直接PLUS贷款
贷款服务商信息
- 另类(私人)贷款
- Check with lender for loan servicer information.
- 直接PLUS贷款