To apply for: Grad PLUS Loans 

This page will explain how to apply for the Grad PLUS loans

and provide important information to assist you in applying for the loans.

The Grad PLUS loans is available to medical students who have already borrowed the maximum annual amount of Stafford Loans. To apply for a Grad PLUS loan, complete the following steps:

Step 1: Complete the Grad PLUS loan Entrance Interview at the link below. 

New federal regulations require that students complete a specific entrance interview for the Grad PLUS loan.  To meet that requirement, you must complete the Entrance Interview below.  The Entrance Interview will provide you with detailed information about the Grad PLUS loan program.  When you complete the Grad PLUS Entrance Interview, your information will automatically be forwarded to the financial aid office.  We will not certify Grad PLUS loans until the entrance interview is complete.

Grad PLUS Entrance Counseling Form

Step 2:  Select a Grad PLUS Lender.

To assist you with your selection of a Grad PLUS lender, we have provided the following Preferred Lender List.  The Preferred Lender List is provided as a convenience for you.  You are NOT limited to the Grad PLUS Lenders on this list.  We will certify Grad PLUS loans from the lender of your choice.  If you wish to borrow from a lender not on our list, contact us and we will be happy to assist you.  

 Some Things to Consider when selecting a Grad PLUS Lender:

Interest Rate:  The interest rate cannot exceed 8.5% for a Grad PLUS loan.  Some lenders may offer a slight reduction on the interest rate.  You can find this information by checking the links for each lender.

Origination Fee:  Most lenders charge a fee to create and process the loan.  This is a fee that is charged as a percentage of your total loan amount.   

Back End Benefits:  Back end benefits  come into play when the loan goes into repayment and may include reductions in the interest rate or principle for using automatic payment plans (generally referred to as ACH) or making on-time payments, etc.

Servicer:  The servicer is the company that will handle your loan in repayment.  You will make loan payments to your servicer.  If you have several different servicers, you will have to deal with each separately when your loans are in repayment.  Some students find it helpful to have all of their loans serviced by the same company.

Another consideration that is related to servicer:  While you are NOT required to use the same lender for your Grad PLUS loan that you used for your Stafford loans within the same year, students often find it easier to keep track of their loans in repayment if both types of loans (Stafford & Grad PLUS) are borrowed from the same lender within the same academic year.

Preferred Lender List for 2009-10 (in alpha order)

Students are NOT limited to Lenders on this list.  If you want to use another lender, contact us and we will assist you.

Access Group 

Charter One Bank

Chase Education Finance Group

Discover Student Loans

EdAmerica

Key Education Resources

PNC Bank

Sallie Mae