Grad PLUS Loans

Federal Grad PLUS Loans are available to graduate and professional students to help cover up to 100% of the estimated cost of your college attendance. 

LOAN UPDATE for 2008 – ’09 School Year:
As you may know, multiple student loan lenders have exited the marketplace due to the recent student loan crisis. As a result, Student Lending Works has experienced a dramatic increase in the demand for our loans leading to the depletion of our tax-exempt funding, which is how we typically finance our low-cost loans.  

In order for us to continue making loans to you, we have entered into a short-term financing agreement with the U.S. Department of Education to ensure we have adequate funding for loans in the upcoming academic year. Other lenders will be entering into these agreements as well. Based on the agreement with the U.S. Department of Education, the only discount they will support is:

  0.25% interest rate reduction for making payments       automatically with a checking or savings account.

Although we are currently facing unusual times, we pledge that once our tax-exempt funding becomes available again, you will be among the first in line to receive our superior discounts for the next academic year. 

This change will not affect loans you might have previously taken out with us or our commitment to the personalized customer service and individual borrower counseling you can expect to receive from Student Lending Works, the State of Ohio’s designated nonprofit student loan lender.  

Eligibility:

To be eligible for a Grad PLUS Loan graduate and professional students must:

  - Be enrolled in a graduate or professional school at least half-time.
  - Be classified as an independent student.
  - Be creditworthy.
  - Have completed the Free Application for Federal Student Aid (FAFSA).

Grad PLUS Loan Rates and Terms

Other Benefits :

• Fixed rate as low as 7.5% with discounts
• Ability to defer payments while in school
• Borrow up to 100% of your cost of attendance, including tuition, room and board, books and supplies

Due to certain licensing requirements, Student Lending Works does not offer loans to residents of North Dakota.

Note: Student Lending Works reserves the right to change the terms and conditions of our loan programs at any time without notice. Your benefits will not be affected if your loan has already been disbursed.