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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 website.
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 degree-seeking program to access a Graduate PLUS loan.
Federal Grad PLUS Loan Recommended Lender List
Borrowers may choose any participating lender when borrowing through these loan programs, and are not limited to those lenders listed here.
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Chase
Lender Code: 811571KB
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Citizens Bank of PA
Lender Code: 833880KB
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Edamerica
Lender Code: 831453KB
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National City
Lender Code: 810418KB
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PNC
Lender Code: 809921KB
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SunTrust
Lender Code: 811304KB
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Wachovia
Lender Code: 813830KB
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These recommended lenders provide opportunities for electronic processing/servicing and quality customer service.
For additional information about the Federal Graduate PLUS Loan, students can click here.
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