Comparing Graduate Loan Options

The final date to complete the 2023-24 FAFSA for Fall 2023 Loan eligibility is Monday, November 20, 2023. 

The final date to accept any federal loan funding for Fall 2023 is Friday, December 1, 2023. 

Many graduate/professional students rely on supplemental loan programs to fund their educations, such as the Federal Direct Grad PLUS Loan or private educational loans. Both of these programs allow students to borrow up to their full cost of attendance, minus other aid received. Some loans are more beneficial to borrowers than others, and it is important for students to weigh the pros and cons of each loan program before deciding which is best for them.

You should consider the following when choosing to borrow either from the Direct Grad PLUS or a private alternative loan program.