ASLS Graduate PLUS Loans
Like a Parent (PLUS) Loan; for the Student
Just like a Parent (PLUS) Loan the Graduate PLUS Loan will be able to cover all the cost of graduate school (less any other financial aid received). Financial experts agree that the Graduate PLUS Loan will help save graduate borrower thousands of dollars in interest (compared to most Private Student Loans). Parents of the graduate student cannot borrow a Graduate PLUS Loan.
Do not worry about financing your education.
ASLS makes it easy with an ASLS Federal Graduate PLUS Loan.
Paying for your graduate school education has just been made easier. An ASLS Graduate PLUS Loan makes it easy to attain your goals with a convenient and manageable program with rates 8.50%!
Resent Changes Made for Graduate PLUS Loans
Congress has simplified financial aid for graduate students. Recently congress passed The Deficit Reduction Act of 2005 allowing graduate students to use the new Graduate PLUS Loan to borrow the total cost of graduate school including tuition, room & board, supplies, and lab expenses (less any other financial aid received). You must first apply for the maximum loan eligibility in Subsidized and Unsubsidized Stafford Loans.
Availability of Graduate PLUS Loans
Graduate PLUS Loans are available to you no matter your credit score and completely pays for all your graduate school needs, including tuition, books and even your computer. The Graduate PLUS Loan requires a basic credit check. ASLS Credit Resolution Department can help the students that even have credit issues or you may use a cosigner if necessary.
Here Are Some Benefits of the Graduate PLUS Loan
- Covers total cost of graduate school less any other financial aid received
- No payments until after graduation
- Low fixed interest rate of only 8.50%
- Easy to qualify for with a simple application
- Federal Student Loan Consolidation is available to help lower monthly payments
- No collateral required
- Interest may be tax deductible (check with your tax advisor)
Federal Consolidation of Graduate PLUS Loans
Federal Student Loan Consolidation will help you reduce your monthly payments on your Graduate PLUS Loans as well as help you lower your interest rate with the additional benefits that ASLS offers with the Federal Student Loan Consolidation program. With a Graduate PLUS Loan you will be able to consolidate your Stafford and Perkins Loans with the Graduate PLUS Loan for on simple and easy monthly payment. Apply Now for the Federal Student Loan Consolidation program.
More Information on Graduate PLUS Loans
Repayment begins after graduation within. The maximum repayment period is 10 years, and the minimum monthly payment is $50.00. With the Federal Student Loan Consolidation Program you can extend the term to help lower the monthly payment. You may be eligible to defer payments as long as you are enrolled at least half-time.
You will be charged a loan origination fee of 3%, which is deducted proportionately from each loan disbursement. Additional to that, a 1% guarantee fee (which may be waived) will also be deducted from your disbursements. To compare the Federal Graduate PLUS Loan to the other loan programs offered to graduate students, please see our loan comparison chart.
Qualifications for a Graduate PLUS Loan
- Be enrolled graduate level programs only, 6 or more credits
- File the FAFSA (Free Application for Federal Student Aid)
- Accept all other Federal financial aid prior to the Grad PLUS Loan
- Pass a simple credit check or have a cosigner
Apply Online for a Graduate PLUS Loan Now.
Or talk to one of our Student Loan Advisors at
(800) 575-1099
