Portland State University’s Office of Student Financial Aid in partnership with Northwest Education Loan Association has made the application process for the new 2006/07 Graduate PLUS loan even easier!
The Graduate PLUS loan is a federal loan for independent students attending graduate school with a fixed interest rate of 8.5%. To be eligible for this loan, graduate students must be enrolled at least halftime, have submitted a FAFSA, be a U.S. citizen or national, a U.S. permanent resident, or an eligible non-citizen and pass a credit check. A 3% origination fee and up to 1% federal default fee will be deducted from the loan amount. With a Graduate PLUS loan, students may borrow up to the full cost of attendance, less other financial aid received.