California Western -- Financial Aid Office - Federal PLUS Loans
Federal Graduate PLUS Loan Program

As part of the Deficit Reduction Act of 2005, a change was made to the Federal PLUS loan program which allowed graduate students to borrow Federal Graduate PLUS loans.

Cost and Amount

Graduate PLUS loans have higher rates than Federal Stafford loans, but are expected to be cheaper than private alternative loans in most cases, and benefit from federal loan repayment options such as Income-Based Repayment and Public Service Loan Forgiveness, while private loans do not.

Credit History Requirements

Graduate PLUS loan borrowers must not have an adverse credit history.

Repayment Information

The Federal Graduate PLUS Loan Application Process

The application process for the Federal Graduate PLUS Loan is similar to that of the Federal Stafford Loan. See the description of the Federal Stafford Loan for more details. Beginning in Fall 2010, all federal loans at California Western School of Law will be processed through the William D. Ford Direct Loan Program.

As with other federal loans, a student must file a FAFSA to establish eligibility, even though the PLUS is not a need-based loan.

The PLUS has its own separate Master Promissory Note which must be completed by the student in either an electronic or paper form.