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Graduate Leverage Student Plus Program™

Student PLUS Loans The Graduate Leverage Student Plus Program is a lower cost alternative to a traditional private student loan. Graduate Leverage created this program in response to the current economic conditions that have made private loans not only more difficult to obtain but also very expensive with high variable interest rates and fees.

The Student Plus Program helps families of undergraduate students better utilize the lower cost Federal Direct Parent PLUS loan. The program uses the PLUS loan as the underlying source of funds, so families can take advantage of its low, fixed interest rate, and arranges for the student to make the payments on the loan following graduation. Similar to a private student loan, this program can be used to help meet educational costs not covered by scholarships, grants, work study and other aid.

Benefits of the Program:

  • Low fixed interest rate (7.9%) using the Federal Direct Parent PLUS loan*
  • Neither parent's nor student's credit score is used to determine interest rate
  • Student makes payments following graduation
  • GL facilitates the payment process to help protect against risks of delinquency

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The Student Plus Program requires a parent's participation as the borrower of the Federal Direct PLUS loan. So, if you were planning to sign up for a private loan and use your parent as a cosigner or you are a parent who prefers to have your child make the payments, you should consider the Student Plus Program as a lower cost option.

Apply With a Co-signer

While not required, we strongly encourage undergraduate students to apply with a creditworthy co-signer if they may have difficulty qualifying for a loan due to limited income and credit history. This may increase an applicant's chances of approval and of possibly obtaining a better interest rate.

Program Details:

Eligibility:

  • Student must attend a Direct Lending School
  • Since the underlying loan is the Federal Direct Parent PLUS loan, parent's credit must be in good standing
  • Student must be younger than the age of 24

Repayment:

  • Student makes payments following graduation
  • Payments may be deferred until 6 months after student graduates
  • Graduate Leverage facilitates the payment process to help protect against risks of delinquency

Apply now for a Private Student Loan


*The Graduate Leverage Student Plus Program is not affiliated with the U.S. Department of Education or the Federal Parent PLUS Loan Program.