{"id":113208,"date":"2023-11-03T12:20:45","date_gmt":"2023-11-03T12:20:45","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-is-a-graduate-plus-loan\/"},"modified":"2023-11-03T12:20:45","modified_gmt":"2023-11-03T12:20:45","slug":"what-is-a-graduate-plus-loan","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-is-a-graduate-plus-loan\/","title":{"rendered":"What is a graduate PLUS loan?"},"content":{"rendered":"

What is a Graduate PLUS Loan?<\/p>\n

Pursuing higher education can be an expensive endeavor, especially for graduate or professional students who often require additional financial assistance beyond what is offered through federal student loans. This is where a Graduate PLUS Loan comes into play. A Graduate PLUS Loan is a type of federal loan specifically designed to help graduate and professional students cover the costs of their education. This loan provides a way for students to bridge the gap between their financial aid and the actual cost of their education.<\/p>\n

Unlike other federal student loans, a Graduate PLUS Loan is not need-based. This means that eligibility is not determined by demonstrating financial need, making it accessible to a wider range of graduate and professional students who may not qualify for other federal assistance. Additionally, there is no maximum borrowing limit under the Graduate PLUS Loan program. However, the total amount a student can borrow is typically limited to the cost of attendance minus any other financial aid they have received.<\/p>\n

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