Why PLUS?

• Low Cost Alternative to Private Loans - Fixed Interest Rates as low as 8.4%
• Apply on your own signature
• Higher Approval Rates with fast results as compared to a private loan
• Borrow Up To Total Cost of Attendance less aid
• No Payments while in School
• Deferment/Forbearance available during Residency/Internship
• Repayment up to 25 years over certain debt levels or with consolidation

How do I get started?

1. Complete a FAFSA form at www.fafsa.ed.gov 
2. Apply online or download an application
3. Please note - You should apply first for a Stafford Loan prior to your PLUS
4. Complete your Stafford MPN (choose a lender and download the PDF file or apply online)
5. Complete your PLUS MPN (choose a lender and download the PDF file or apply online)
6. Complete your IEFC PLUS Loan Worksheet (1st page of PLUS PDF). Click here for help on completing the PLUS worksheet
7. Remember to keep a copy of all documentation submitted to your institution for your records

Eligibility

• U.S. Citizen, Permanent Resident, or qualified non-Citizen
• Attend a Department of Education approved institution. (See the PLUS Eligible School List for approved schools)
• Must be at least half time enrolled in a Graduate or Professional degree program
• NO Bankruptcies
• NO Defaulted loans
• NO Payments overdue by 90 days or more

Lender Rates and Benefits

1. JP Morgan Chase offers a .10% interest rate reduction at repayment and for the remainder of the loan term.
2. 180 Days after final disbursement, receive a 3% deduction of original loan amount against interest.

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