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This year, over $3 billion will be borrowed in Federal PLUS LOANS.
Unfortunately, most borrowers do not know about PLUSLOAN.com and will pay a
0.6% higher interest rate for the next ten years. Yes, we are a nonprofit
organization and our PLUS Loans have a
0.6% lower rate than the federal rate!*
The PLUS Loan is available to parents of dependent students and
graduate/professional students. You can borrow up to the cost of
attendance less any other Financial Aid received!
You can spread repayment up to 10 years.
Repayment begins within 60 days after the
final disbursement for that school year. Graduate and professional
students may apply for a deferment until after graduation. Call us for
our Flexible Repayment Options.
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Current Rates
(starting July 1, 2006):
The Federal PLUS Loan interest rate is a fixed rate of 8.5%.
The Advantage PLUS Loan rate is 0.6%* lower,
fixed at 7.90%.
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 $ 5,000.00
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$ 286.32 |
| $10,000.00
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$ 572.64 |
| $15,000.00
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$ 858.96 |
| $20,000.00 |
$ 1,145.28 |
| $25,000.00 |
$ 1,431.60
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Savings calculated using an interest rate of 8.5% vs. the 7.9%
interest rate for the
Advantage PLUS Loan program.*
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