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  • 2m.
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    Repaying Grad PLUS Loans

    Grad PLUS loans allow borrowers to pay for graduate study. Depending on when you borrowed yours, you may need to request a 6-month grace period (although you may not want it).
    Updated: November 4, 2016

    What You'll Learn

    • What Grad PLUS loans are.
    • How they differ from other federal student loans.
    • Why you may want to pay Grad PLUS loans early.

    Three stacks of $100 bills on table.

    The Highlights

    Are my payments due immediately?

    Maybe

    Is it OK to make payments ahead of schedule?

    Yes

    Can I shrink my monthly payments?

    Yes

    Can I postpone repayment with a deferment?

    Yes

    Will the government pay the interest during the deferment?

    No

    Can I find these records online?

    Yes

    Dig Into The Details

    Who Do I Pay?

    Most likely, your servicer—a company hired by your lender to collect your payments. Contact them as well if you need to change your repayment schedule or postpone repayment.

    When Do My Payments Start?

    For loans disbursed before July 1, 2008, repayment starts immediately or (by request) 6 months after you graduate, withdraw, or drop below half-time enrollment. For loans disbursed on or after July 1, 2008, repayment starts 6 months after you graduate, withdraw, or drop below half-time enrollment.

    How Do I Know If I Have Grad PLUS Loans?

    Check the U.S. Department of Education's National Student Loan Data System (NSLDS®) for info on these federal student loans. NSLDS will tell you:

    • If you have Grad PLUS loans.
    • How much you owe on them.
    • Who you should contact about repayment.

    What's My Interest Rate?

    All Direct Grad PLUS loans made from July 1, 2016, to June 30, 2017, have an interest rate of 6.31%. All Direct Grad PLUS loans made between July 1, 2015, and June 30, 2016, have an interest rate of 6.84%.

    For Direct Grad PLUS loans made between July 1, 2014, and June 30, 2015, they have an interest rate of 7.21%. For Direct Grad PLUS loans made between July 1, 2013, and June 30, 2014, the rate is 6.41%.

    Be Money Smart

    If you have multiple types of federal student loans and have some extra money to put toward them, Grad PLUS loans may be the best place to do so. Grad PLUS interest rates are higher than Stafford and Perkins loans. In fact, they currently have the highest interest rates of federal student loans (along with Parent PLUS loans).

    You should consider this while you are still in school and in your grace period and opt to make interest-only payments during these times—you can sign up to do this or do it on your own when you can. If you can afford to pay off the accruing interest, you could really cut down on the amount of interest that capitalizes when you go into repayment, saving your a lot of money in the long run.

    Learn more about borrowing Grad PLUS loans, or find out about student loan repayment options with the Salt® Repayment Navigator.

    Devolución de préstamos Grad PLUS

    Actualizado: 4 noviembre 2016

    Lo Aue Aprenderás

    • Qué son los préstamos Grad PLUS.
    • En qué difieren de otros préstamos estudiantiles federales.
    • Dónde obtener más información.

    Three stacks of $100 bills on table.

    Puntos Destacados

    ¿Mis pagos vencen inmediatamente?No
    ¿Está bien si realizo mis pagos antes de la fecha?
    ¿Puedo reducir mis pagos mensuales?
    ¿Puedo posponer la devolución con un aplazamiento?
    ¿El gobierno pagará los intereses durante el aplazamiento?No
    ¿Puedo encontrar estos registros en línea?

    Aprende Los Detalles

    ¿A quién le pago?

    Por lo general a tu administrador de préstamos, una empresa que tu prestamista contrata para cobrar tus pagos. También debes contactarlos si necesitas cambiar tu pago mensual{2] o posponer tus pagos mensuales.

    ¿Cuándo comienzan mis pagos?

    Para los préstamos desembolsados antes del 1 de julio de 2008, la devolución comienza inmediatamente, o (bajo solicitud) 6 meses después de que te graduaste, abandonaste o se redujeron tus estudios a menos de medio tiempo.

    Para los préstamos desembolsados el 1 de julio de 2008 o después de esa fecha, la devolución comienza 6 meses después de que te graduaste, abandonaste o se redujeron tus estudios a menos de tiempo parcial.

    ¿Cómo puedo saber si tengo Préstamos Grad PLUS?

    Revisa el sistema nacional de registro de préstamos Educativos,  National Student Loan Data System (O NSLDS por sus siglas en inglés), para obtener información sobre estos préstamos estudiantiles federales. NSLDS te brindará información acerca de:

    • Si tienes Préstamos Grad PLUS
    • Cuánto debes
    • Con quién te debes comunicar para saber acerca de cómo pagarlo

    Toma Decisiones Inteligentes Con Tu Dinero

    Estos Préstamos PLUS solo son para estudiantes graduados o profesionales que tienen buen crédito, así que es posible que necesites un codeudor para sacarlos.

    Prepárate al mantener tu crédito al día mientras seas estudiante universitario: evita abrir tarjetas de crédito innecesarias y paga tus cuentas a tiempo.

    Aprende más sobre maneras de pagar préstamos con nuestro Repayment Navigator (sólo funciona en inglés por ahora).

    Was This Useful?

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