Graduate Plus Loan

• A low-interest loan arranged by a lender such as a bank, a credit union, or a savings and loan association.
• Interest will accrue on this loan while you are in school. The interest will be capitalized when you are no longer a fulltime student or you have graduated.
• This is not a need-based program, although you cannot borrow more than the difference between the cost of attendance and all forms of financial aid, including any Stafford Loans (both subsidized and unsubsidized).
• Depending upon your need, you may borrow up to the cost of your education.
• Loan applications are available at most commercial and savings banks, savings and loan associations, and credit unions. If you have any outstanding Federal Stafford, it helps to use the same lender.
• Applications should be submitted to the Financial Aid Office approximately two months prior to the date funds are needed.

Terms and Conditions

• Interest Rate is 8.5%.
• You will be responsible for all interest accrued on this loan from the date of disbursement. 
• Repayment will begin immediately, within 60 days of the loans disbursement; however, you are able to defer payment on the loan if you apply for an in-school deferment. 
• A Federal loan origination fee of 3 percent and a guaranty default reduction fee of up to 1 percent will be deducted from the amount requested.
• You must attend entrance and exit interviews in the Student Loan Office and complete the necessary forms, including promissory note, before the loan will be disbursed.

Graduate Plus Lenders

• Access
• CitiBank
• Chase
• MedAchiever/Key Bank
• Sallie Mae Medical School Loans (Medicine only)
• Sallie Mae Loans