Under new federal legislation, graduate and professional students can get PLUS loans, also known as Graduate PLUS loans, beginning with the 2006-07 academic year. Eligible credit-worthy students can borrow up to the cost of education minus other aid received. Please note: If you are denied based on adverse credit, you may still be eligible for the loan with a credit-worthy endorser.
Are you ready to apply for an Edamerica GradPLUS Loan?
If you're ready to get the money you need for school now, click the button below for a quick pre-approval decision and to begin your federal Graduate PLUS application online with Edamerica, or call 888.GRADPLUS.
Why choose Edamerica as your federal GradPLUS lender?
- 0% to 1% default fee - based on guarantor
- 0.25% interest rate reduction for auto-debit with continuous on-time payments
- Full deferral of payments while in school at least half time
- Easy online credit pre-approval and application process
- Repayment of your Graduate PLUS loan is aligned with your Stafford loans
- Flexible repayment options
- 24-hour online account access at Edamerica.net
- Borrow up to the cost of education minus other financial aid received. Many alternative loans have annual and aggregate loan limits.
- Up to 25 years to repay based on flexible repayment plans and total amount borrowed.
- Interest may be tax deductible.
- See the GradPLUS difference - compare GradPLUS and private loans.
- There are credit requirements, but debt-to-income or credit scoring is not used. If you are denied based on adverse credit, you may obtain a credit-worthy endorser who is secondarily responsible for the loan.
How to apply:
- Apply now online! Alert: If you have set a block with a credit bureau for security purposes, it must be cleared before you can complete the online process.
- If you have been denied for a Graduate PLUS loan, use this form to apply with an endorser (PDF)
- Mail completed endorser form to:
Edfinancial Services
P.O. Box 36014
Knoxville, TN 37930-9929