Through the Federal PLUS Loan Program, graduate students may borrow up to the cost of education less any other financial aid received by the student. To apply for a Graduate PLUS Loan, a student must:

• complete the FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA)
  
  
• initiate an application. If you choose one of the recommended lenders below, simply call AES/PHEAA at 1-800-692-7392, or visit their website at www.aesSuccess.org.
  
  
• complete a Master Promissory Note (MPN), After “applying” as instructed above, the MPN will be sent to you to sign; or you can sign on-line at the www.aesSuccess.org web site.

The Federal Graduate PLUS Loan is a credit-based loan with a fixed interest rate of 8.5%, with default and origination fees of 3%. Students must be enrolled at least half-time in a graduate, degree-seeking program to access a Graduate PLUS loan.

Borrowers may choose any participating lender when borrowing through the federal loan programs. In order to assist students who would like guidance in selecting a lender, we have developed a list of recommended lenders. Our recommended lenders are guaranteed through AES/PHEAA. We encourage you to compare lenders and choose those whose repayment, services and benefits meet your need.

To access SRU's loan comparison information, click HERE.

If you choose not to borrow from an SRU recommended lender, you can find a list of all AES/PHEAA Keystone Best Lenders and a National Lender list at http://www.aessuccess.org. Once again, borrowers may choose any lender, even lenders not identified on the recommended lender list.

For additional information about the Federal Graduate PLUS Loan, students can click here.