PLUS for Graduate and Professional Students
After searching out grants and scholarships that don't have to be paid back, then maximizing your Stafford Loan borrowing, consider a low-cost Graduate PLUS Loan to help pay for graduate school. With AMS as your Graduate PLUS lender, you can:
- Earn a 0.25 percentage point interest rate reduction for payments made via automatic debit* and
- Access 24 x 7 online account management at www.SallieMae.com/Repayment
Other benefits of Graduate PLUS Loans include:
- No income or collateral requirements
- Interest payments may be tax deductible
- No prepayment penalty
For loans first disbursed July 1, 2008–June 30, 2009, the interest rate on Graduate PLUS Loans is fixed at 8.5%. The borrower is charged a 3% origination fee and a 1% default fee, which are deducted from the loan amount prior to disbursement.
Annual loan amount may be up to the cost of attendance less other financial aid received. More information about Graduate PLUS Loans …
Apply for a Graduate PLUS Loan »
AMS Lender Code 833067
Graduate PLUS Terms and Conditions
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.
*Subject to the above, borrower benefits are effective for Graduate PLUS Loans guaranteed 6/9/08–6/30/09. Assuming the loan is serviced by Sallie Mae, this benefit remains available during active repayment for as long as the borrower's monthly payment is successfully deducted from the borrower's account. If the loan is not serviced by Sallie Mae, other restrictions may apply as determined by the U.S. Department of Education.