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Exploring two federal loan options for students: Direct Unsubsidized Loans and Grad PLUS Loans. Know your choices.
Unsubsidized Loans typically offer lower interest rates than Grad PLUS Loans, a crucial factor in long-term costs.
Direct Unsubsidized Loans have a cap, while Grad PLUS Loans can cover up to the full cost of attendance.
No credit check for Unsubsidized Loans, but Grad PLUS requires a check for adverse credit history.
Both loans offer flexible repayment plans, but terms and options may vary, impacting your financial strategy.
Unsubsidized Loans are available to all eligible students, while Grad PLUS depends on credit history.
Interest on both loans accrues during school and grace periods, a key factor in total debt calculation.
Grad PLUS Loans typically have higher origination fees than Unsubsidized Loans, affecting initial costs.
Weighing these differences helps in making an informed decision about which loan best suits your educational needs.