Graduate Loan Comparison

See changes to Federal Student Aid programs for Graduate and Professional students

Federal Direct
Subsidized Loan
Federal Direct
Unsubsidized Loan
Direct Grad PLUS Loan
Borrower Grad/Professional students Grad/Professional students Grad/Professional students
Interest rates 6.8% fixed rate 6.8% fixed rate 7.9% fixed rate
Eligibility Based on financial need  No income restrictions No income restrictions
Annual Loan Limits

$8,500 (before July 1, 2012)

$0 (after July 1, 2012)

$20,500, less any subsidized amount received (before July 1, 2012)

$20,500 (after July 1, 2012)

Cost of education less any financial aid awarded.

Note: Student must have borrowed annual limit of Stafford Loans before they are eligible for a Direct GradPLUS Loan
Aggregate Loan Limits $65,500 $138,500
In-school interest Paid by federal government  Paid by student borrower who may either make interest payments while in school, or capitalize the interest and begin repayment of interest with loan repayment. Borrower responsibility
Grace period Interest paid by federal government during six-month grace period Interest paid by student borrower during six-month grace period  Interest paid by borrower during six-month grace period
Repayment terms

• Repayment begins after grace period

• $50 minimum monthly payment

• 10-25 year maximum repayment term (based on total loan balance) 

• Repayment begins after grace period

• $50 minimum monthly payment

• 10-25 year maximum repayment term (based on total loan balance)

• Repayment begins after grace period

• $50 minimum monthly payment

• 10-25 year maximum repayment term (based on total loan balance)