Federal PLUS Loans for Graduate and Professional Students

Please Note:
Different colleges and universities use different terms to describe their higher degree programs. Some use the term “graduate,” others “professional.”

• Available on or after July 1, 2006.
• Borrow up to the cost of attendance for the period of enrollment, minus other estimated financial assistance.
• First payment is due approximately 30 days after the final disbursement of the loan.
• Borrower may receive a payment deferment while enrolled on at least a half-time basis (no grace period if the student falls below a half-time enrollment status).
• Fixed 8.5% interest rate.
• Timely Rewards^SM—as long as you make on-time payments, receive a 1 percentage point rate reduction, beginning at loan disbursement and during any deferment period.
• Additional rate reduction of 0.25% when payments are automatically deducted from a Navy Federal checking account or any other financial institution’s savings or checking account.

Eligibility:
The student must file a Free Application for Federal Student Aid (FAFSA)-fafsa.ed.gov/—and be:

• A Navy Federal member
• A U.S. citizen or permanent resident
• Enrolled or accepted for enrollment in a degree or certificate program on at least a half-time basis at an approved school

Apply now for a PLUS Loan for Graduate and Professional Students!

Request an Application Packet Online, or contact our Education Lending Specialists at 1-800-338-5736
(1-703-255-7625 in metro. Wash., DC).
Hours: 8:00 am to 4:30 pm, Mon.–Fri., Eastern time.