SKIP TO SITE NAVIGATION | SWITCH TO GRAPHICAL VERSION

Federal Graduate PLUS Loan

Quick Facts
•	Graduate and professional students can receive up to the total cost of education, minus other aid
•	Make no payments while in school
•	7.9% fixed interest rate with special savings from Wachovia¹
•	3% rebate of loan amount from Wachovia¹

The Graduate PLUS Loan is an affordable, low-interest loan for graduate and professional students.

Cover the Total Cost of Education

The Graduate PLUS Loan can be used to cover up to 100 percent of your total cost of education, minus other financial aid you’ve been awarded. The total amount can pay for tuition, books, food, housing, transportation, and more.

While you will be required to pass a credit check when you apply, your resulting credit score will not affect your eligibility for the Graduate PLUS Loan. Many students with limited or no credit history can still qualify for the Graduate PLUS Loan.

By choosing us for your Graduate PLUS Loan, you get:

An immediate reduced fixed interest rate of 7.9%, only from Wachovia¹
A rebate equal to 3% of your loan amount 6 months after disbursement¹
The freedom to make no payments while enrolled at least half-time
Fast access to funds, including pre-approval in minutes
No collateral requirements or income limitations
Flexible repayment options

Graduate PLUS vs. Private Loans

[IMAGE: "Grad Loan Advisor Screenshot"] Wondering which loan is right for you? Our Graduate Loan Advisor can help! Just six easy questions can help direct you toward the loan that will work best for you.

(Requires Flash Player)

For most students, the Graduate PLUS Loan is a better option than taking out a private education loan. Most private loans come with a variable interest rate that may adjust several times a year with no interest rate cap. These loans can also have a wide range of expensive fees.

The PLUS Loan, on the other hand, offers a competitive fixed rate for the life of the loan, and you will never pay more than 4% in fees.

And with the Graduate PLUS Loan, your income, credit score and current debt level will not affect your eligibility. Even if you have a limited credit history, you may still qualify.

Need to learn more?

Go to the following links to learn more about PLUS Loans for Graduate Students.

How much can I borrow? (Apply Now)

What are the rates and fees? (Apply Now)

When do I have to start making payments? (Apply Now)

How can I save money on this loan? (Apply Now)

How do I qualify? (Apply Now)

Ready to apply?

It only takes a few minutes to apply and most customers pre-qualify in seconds. Use our fast online application or call us toll-free at (877) 689-0763.

Email this article

¹ Fixed rate of 8.5% is reduced by 0.60% immediately after the first disbursement. This incentive interest rate is not affected by in-school deferment. The immediate interest rate reduction is not retained if the first 12 scheduled payments are not made on time. Once all of the first 12 scheduled payments are made on time, the interest rate reduction becomes a permanent feature of your PLUS Loan while it is held by Wachovia and terminates only upon loan default, loan transfer to the guarantor or insurer, or inclusion of your PLUS Loan in a consolidation loan. Rebate of 3% is subtracted from accrued interest 180 days after full disbursement. These benefit programs may be modified or discontinued at any time without notice. Program changes will not affect loans subject to the benefit program offer prior to the time of the change. Borrower is responsible for payment of applicable taxes.

PLUS Loans originated by Wachovia Education Finance Inc.

Access Accounts
Personal Finance Login

Apply Now
All Application Forms

Contact Us
(877) 689-0763
8:30am - 8:00pm ET
Monday - Friday
Email
Mailing Address

Personal Finance Customer Service

Personal Finance Contacts

Locations
Personal Finance FAQs
Site Map
Glossary
Search