The Grad PLUS Loan is designed to supplement the Stafford Loan for creditworthy graduate students. To be eligible for the Grad PLUS Loan you must:

1. Be an eligible borrower for receipt of Title IV aid – US citizen, or eligible non-citizen
2. Be enrolled at least half-time as a Graduate/Professional student
3. Have completed a FAFSA
4. Have eligibility determined for a Stafford Loan
5. Be creditworthy or obtain a creditworthy cosigner

Interest Rate: Fixed, 8.5%

Repayment Rate: loans first disbursed on or after June 1, 2008, GradPLUS borrowers attending Missouri schools who pay their loans by auto-debit will be eligible to receive a 0.25% percent interest rate reduction during repayment.

• Loan Fees: 3% origination fee paid to the U.S. Department of Education
(1% Federal Default Fee may be charged by the guarantor)
• Annual Loan Limit: Cost of attendance minus financial aid received
• Cumulative Maximum: N/A
• Standard Repayment Period: 10 years
• Repayment: Within 60 days of the loan being fully disbursed
• Minimum Monthly Payment: $50 per month
• Payments Required Prior to Student Graduation: smartFUNDS borrowers with
MOHELA serviced loans qualify for an automatic in-school deferment.